What it takes to build a billion-dollar internet business from scratch

in #blog7 years ago


In 2004 and 2005 respectively, Mark Zuckerberg and Seun Osewa each conceived an online business idea. Both so much believed in their dreams that they decided to drop out of school to pursue them.
Upon Mark’s decision to drop out of school, he sought the guidance of his university professors, who connected him to smart and talented engineers that could help birth his idea into reality. He extended his tentacles to other tertiary institutions, still in the bid to pick the smart team.
The support he got really paid off, as Mark Zuckerberg succeeded in founding Facebook, the largest social media empire in the world today, worth over $150b.
Seun, on the other hand, had it really rough, no thanks to the fact that where he comes from, a school dropout is considered nonchalant. Nevertheless, the zealous Seun never stopped for people’s opinion. Although, he had no professors or advisers to seek counsel from, no team of smart engineers to recruit, and no major fund raising — compared to Zuckerberg who got $500,000 in angel investment in the summer of same year he started his venture — Seun Osewa still managed to create the largest Nigerian forum of today, Nairaland which has over 1.5m monthly users and ranks as the 7th most visited website in Nigeria currently.
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