Top 5 Teenage Entrepreneurs Who Own Multi-Million Dollar Businesses
Posted by evelynwilliams on June 21st, 2018
To be a millionaire, one doesn’t always have to be highly qualified or have great life experiences; all it takes is a burning idea. From a 17-year-old computer programmer to a 16-year-old tween social networking site founder, there have been many teenagers whose hobbies turned into million dollar plus careers. These teen entrepreneurs are creating social networks, inventing new products, and building brands. While some are studying in leading universities, some haven’t even graduated from high school.
Below is a list of such entrepreneurs who are striking gold in their teenage years - and know how they are doing it.
This 22-year-old computer programmer is known for inventing ‘Summly,’ an automatic summarization algorithm, at just 15 years of age. He initially created the Trimit application for iOS that caught the attention of Apple who featured it as a new and noteworthy application on the App Store. Billionaire Li Ka-Shing saw high growth potential of Trimit and provided D'Aloisio with 0,000 in venture capital funding, thus making him the youngest person to receive such a huge amount of fund in technology. D'Aloisio re-designed the application and re-launched it as Summly. He is currently studying computer science and philosophy at Hertford College, Oxford University.
Noah Mintz, the 18-year-old businesswoman, started a company called, ‘Nannies by Noa’ when she was just 12 years of age. Her full-service childcare agency in New York City matches nannies with families in need of a caregiver. She was inspired when she was challenged to look for a better babysitter for her family. After succeeding in doing so, she started helping her mother’s friends find nannies. She enjoyed getting to know a family and finding a babysitter who matches their needs. When her business started growing, she hired a 26-year-old social worker, Allison Johnson as her CEO so that she could entirely focus on her studies.
The founder and CEO of an early-stage startup, George Matus built a flying quadcopter and was working with drone companies when he was just a 12-year-old boy. In 2014, he launched his own company, Teal, which sells drones that are among the fastest in the market. Within one year of his start-up, he raised .8 million in seed funding and received 0,000 from Peter Thiel’s foundation to skip college and compete in the ABC show ‘BattleBots.’ Today, his company has 30 employees and raised more than million in venture funding.
Rachel Zietz, an 18-year-old American entrepreneur, and businesswoman made waves when she founded an online retailer Gladiator Lacrosse, a lacrosse equipment company in 2012. Her passion for the sport and the issues she faced with practice equipment inspired her to produce better quality products at affordable prices. Gladiator Lacrosse generated 0,000 in revenue in its first year of operation and is a multi-million dollar business today. It also collaborated with famous lacrosse player, Casey Powell, to develop a “Casey Powell Signature Edition” of equipment that features his signature and emblem.
Ben Pasternak is an 18-year-old entrepreneur who began his career at the age of 14 by creating two viral iOS games, Impossible Rush, and Impossible Dial. Both these games went on to get millions of downloads and were No. 1 trending apps in multiple countries. His early success caught the attention 'Binary Capital' that provided him a round of venture capital funding for Flogg, a social networking app for teens to buy, sell and swap items within their network. In 2016, he co-founded Moneky, which is a video-chat based app for young people to meet new people. It ranked No. 1 on the US App Store (iOS).
These were a few innovative and ambitious teens who converted their ideas into multi-million dollar businesses. Our experts providing business dissertation help suggest you seek inspiration from them if you want to start something of your own. So, get started and follow your dreams!
Evelyn Williams has been working as an academic writer at Online Dissertation Writing for last four years. She also gives guest lectures in some of the leading universities of the UK. Her passion lies in traveling and reading books.
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