INTERNET-BILLIONAIRE

2012-03-08T18:47:00.002-08:00

505 million: Chinese Internet user base. This amounts to 37.7% internet penetration

Renren Better known as China's Facebook, this social networking site was founded by Wang Xing, Wang Huiwen and Lai Binqiang in 2005 Market Cap: $2.11billion

Baidu A Google clone. Established in 2000 by Robin Li and Eric Xu, it's China's No. 1 search engine. Founder Robin Li is said to be the richest man in China Market Cap: $48billion

Sina Weibo, China's answer to Twitter set up by Charles Chao, who sensed an opportunity after Beijing shut down non-China based microblogging sites in 2009 Market Cap: $4.2billion

Alibaba Founded by Jack Ma, Alibaba is one of China's largest Internet groups. Its businesses: alibaba. com, etao, Tmall, TaoBao, Alipay and China Yahoo! Market Cap:$40billion

Youku Translated into 'excellent' or 'cool', this Youtube clone founded by Victor Koo in 2006. It is China's No. 1 Internet video company Market Cap: $2.41billion

Tencent Founded by Ma Huateng and Zhang Zhidong in 1998, it owns China's biggest portal. Tencent, Alibaba and Baidu together constitute the TAB triumvirate Market Cap: $44billion

2012-03-07T04:18:00.001-08:00

The internet has created so me of the world's youngest billionaires, possibly in the shortest possible time scale, ever.

The richest are Sergey Brin and Larry Page, the pair who set up Google in the late 1990s. They went from PhD students to (paper) billionaires in about five years.

The youngest is 25-year-old Mark Zuckerberg, founder of social networking site Facebook, who has returned to the billionaire list in 2010 after dropping out in 2009 amid the economic downturn.

As part of SuperPower - a season of programmes exploring the power of the internet - BBC News lists the top 26 richest internet entrepreneurs according to the latest Forbes ranking, released this week.

INTERNET BILLIONAIRES: The table can be re-ordered by clicking on any of the column headings
	Name	Age	Comment	Worth (billions of US $)	Website	Nationali

Jeffrey Skoll

Ebay's first president and full-time employee. Now a film producer

2.4

Canada

David Cheriton

Stanford professor who introduced Google's co founders to each other

1.6

Canada

	Shi Yuzhu	47	Founder of Giant Interactive, one of China's most successful online game companies	1.6		China
	Ma Huateng	38	Runs China's most popular online chat service	3.6		China

Robin Li	41	Co-founded China's most popular search site Baidu	3.5	China
William Ding	38	Founded China's no.2 online game company. Once China's richest man	2.2	China
Jack Ma	45	Founder, chairman and chief executive of internet business Alibaba	1.2	China
Andreas von Bechtolsheim	54	His initial $100,000 stake in Google made him a billionaire	2.0	Germany
Masayoshi Son	52	Controls Japanese internet and telecom firm SoftBank	5.9	Japan

Hiroshi Mikitani	45	Runs Japan's leading online shopping mall	4.8	Japan
Yoshikazu Tanaka	33	Founded the second most popular social networking site in Japan - Gree	1.4	Japan
Mark Cuban	51	Former bar tender who sold internet video website to Yahoo for 5.7bn	2.4	US
Pierre Omidyar	42	French-born immigrant launched online auction site in 1995	5.2	US
Sergey Brin	36	Co-founded Google	17.5	US
Jeff Bezos	46	Founded Amazon in a Seattle garage	12.3	US

Charles Schwab	72	Brought online investing to the masses	4.7	US
Mark Zuckerberg	25	Founded Facebook in early 2004 while at Harvard university	4.0	US
Eric Schmidt	54	Google's grown-up chief executive	6.3	US
David Filo	43	Met Yahoo co-founder Yang at Stanford University	1.4	US
Margaret Whitman	53	Former eBay chief, now running for California govenor	1.3	US
Jerry Yang	41	Turned internet directory project into Yahoo portal	1.3	US
Marc Benioff	45	Held posts at Oracle and Apple before launching Salesforce.com	1.3	US

Todd Wagner	49	Co-founded broadcast.com with friend Mark Cuban	1.2	US
Peter Thiel	42	The first outside investor in Facebook 2004. He also co-founded paypal	1.2	US
Larry Page	37	Co-founded Google	17.5	US
Stephen Case	51	Former Pizza Hut store manager who co-founded AOL	1.1	US

billionaries

2012-03-03T02:29:00.001-08:00

Company Includes Leading Online Commerce Brands Fanatics, Rue La La & ShopRunner

I have been a business builder all of my life, and I am thrilled to bring my enthusiasm for business to Kynetic. The energy in the online commerce space is unprecedented. As the Kynetic name connotes, we are tapping into that energy and using it to drive innovation that will keep our companies at the forefront of the industry. I am genuinely excited about the prospects to propel the growth of Kynetic and our industry-leading brands.

Michael G. Rubin, Founder & Chief Executive Officer

Kynetic is the newest chapter in Rubin’s storied career as one of the country’s most successful and respected entrepreneurs. The company is launching on the heels of eBay’s $2.4 billion acquisition of GSI Commerce Inc. Over a 12-year period, Rubin and his team built GSI into a global network of e-commerce, multi-channel and digital marketing businesses servicing 150 of the top 500 Internet retailers.
Fueled by a true passion for building consumer Internet businesses, Rubin formed Kynetic which consists of three previously owned GSI companies: Fanatics, the world’s leading online retailer of licensed sports merchandise, Rue La La, a leading online private sale destination in the U.S.; and ShopRunner, an innovative members-only service that aggregates shopping benefits from the top retailers and brands.
Rubin began building businesses at age 12, when he opened a ski-tuning company in his parents’ basement. His success as an entrepreneur was showcased in the inaugural season of CBS’ hit show “Undercover Boss,” as well as highlighted in numerous media outlets, including The Wall Street Journal, CNBC, CNN, The New York Times, BusinessWeek and People.

Michael R. Conn

Chief Financial Officer Conn has served as chief financial officer of Kynetic since September 2011. A seasoned public company CFO, he leads Kynetic’s administrative functions and manages its investments in Fanatics, Rue La La and ShopRunner. He also serves as a director of all three companies.
Prior to Kynetic, Conn had served as chief financial officer for GSI Commerce since January 2006. He held various other positions for GSI Commerce, including strategic planning, sales and...
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Daniel J. Winters

General Counsel & Secretary Winters has served as general counsel and secretary of Kynetic since its inception. He leads the legal and business affairs functions at Kynetic, and brings more than 15 years of mergers and acquisitions, securities and complex commercial contracting experience to the team.
Immediately prior to joining Kynetic, Winters served as senior vice president and general counsel for business and legal affairs of GSI Commerce, Inc. a publicly-traded worldwide leader in e-commerce related services.
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Saj Cherian

Vice President Cherian is vice president and chief of staff to CEO Michael Rubin. As Employee Number Two, Cherian helped launch Kynetic with Rubin immediately following eBay’s acquisition of GSI Commerce in June 2011.
Cherian has more than a decade of experience building technology businesses as a venture capital investor (Valhalla Partners), mobile operating executive (Virgin Mobile USA and NBC Universal/GE) and management consultant (McKinsey & Company).
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Brian L. Miles

Director of Finance Brian has served as director of finance since the company's founding in June 2011. Brian works with the financial leadership at each of Kynetic's investments as well as handling day-to-day administrative functions at Kynetic.

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Jonathan S. Schoenfeld

Deputy General Counsel Jonathan has served as deputy general counsel of Kynetic since August 2011. Jonathan is an experienced business lawyer whose practice has included mergers and acquisitions, securities law, debt and equity financings, corporate governance and commercial matters.
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Alan Trager

CEO, Fanatics Alan Trager, founder of Fanatics, LLC, has served as CEO since 1999. Trager and his brother, Mitchell, started the company in 1995 when they opened a small brick-and-mortar team store in the Jacksonville, Fla. area. Fanatics is now the largest retailer of licensed sports merchandise in the world.

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Ben Fischman

CEO, Rue LaLa Ben Fischman is chief executive officer of Rue La La, a leader in the digital private-sale space, which he launched in April of 2008. Fischman led Rue La La, along with off-price e-commerce marketplace SmartBargains.com, to acquisition by GSI Commerce in 2009. He now works with the Rubin-led team at Kynetic.

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Mike Golden

President, ShopRunner Michael Golden is president of ShopRunner. Prior to joining ShopRunner, Golden had been the chairman of Complex Media since December 2007. Previously, Golden led Home Decor Products as president and CEO from July 2002 to December 2007. Before joining Home Decor Products, Golden was the co-founder and chief operating officer of GSI Commerce.

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KING OF PRUSSIA, Pa., Sept. 12, 2011 /PRNewswire/ -- Renowned eCommerce entrepreneur, Michael G. Rubin, today announced the launch of his newest endeavor, Kynetic (http://www.kynetic.com), a company singularly-focused on building consumer Internet businesses that capitalize on the digital transformation of commerce. Kynetic includes three brands at the forefront of innovation in the online commerce space: Fanatics (http://www.fanatics.com), Rue La La (http://www.ruelala.com) and ShopRunner (http://www.shoprunner.com).
(Logo: http://photos.prnewswire.com/prnh/20110912/NY65853LOGO )
"I have been a business builder all of my life and I am thrilled to bring my enthusiasm for business to Kynetic," said Rubin. "The energy in the online commerce space is unprecedented. As the Kynetic name connotes, we are tapping into that energy and using it to drive innovation that will keep our companies at the forefront of the industry. I am genuinely excited about the prospects to propel the growth of Kynetic and our industry-leading brands."

Kynetic is the newest chapter in Rubin's career as one of the country's most successful Internet entrepreneurs. The company is launching on the heels of eBay's recent $2.4 billion acquisition of GSI Commerce Inc. Over a 12-year period, Rubin and his team built GSI into a global network of eCommerce, multi-channel and digital marketing businesses servicing 150 of the top 500 Internet retailers.
Fueled by a true passion for building consumer Internet businesses, Rubin formed Kynetic, which consists of three previously-owned GSI companies: Fanatics, the world's leading online retailer of licensed sports merchandise, Rue La La, a leading online private sale destination in U.S., and ShopRunner, an innovative members-only service which aggregates shopping benefits from the top retailers and brands.

Rubin began building businesses at age 12, when he opened a ski-tuning company in his parents' basement. His success as an entrepreneur resulted in an appearance on the inaugural season of CBS' hit show "Undercover Boss," as well as recognition in numerous media outlets, including The Wall Street Journal, CNBC, CNN, The New York Times, BusinessWeek and People. Forbes named him one of "America's 15 Most Powerful CEOs 40 and Under" in 2010.

About Kynetic
Kynetic is a company focused on building consumer Internet businesses that capitalize on the digital transformation of commerce. The companies of Kynetic include Fanatics, the world's leading online retailer of licensed sports merchandise, Rue La La, one of the top two online private sale destinations in U.S., and ShopRunner, an innovative members-only service which aggregates shopping benefits from the top retailers and brands. Founded in 2011 by respected Internet entrepreneur and visionary Michael G. Rubin, Kynetic is based in the Greater Philadelphia area. For more information about Kynetic, please visit www.kynetic.com.

About Fanatics
Fanatics, LLC, is the leading provider of e-commerce solutions and the world's largest retailer of officially licensed sports merchandise for collegiate institutions, professional sports teams & leagues, conferences and media networks. Fanatics encompasses four sectors: direct-to-consumer retail, third-party eCommerce syndication, licensing and manufacturing, and fulfillment services. Proprietary brands of Fanatics include Football Fanatics, one of the most trafficked sports fan gear sites online, as well as the official online stores of the NFL, NBA, NHL, MLB and NASCAR. Other partners include Yahoo! Sports, CBS Sports, FOX Sports, Oklahoma Sooners, Florida Gators, Oregon Ducks, New York Giants, Denver Broncos, Tampa Bay Buccaneers, Orlando Magic, The Southeastern Conference, The Atlantic Coast Conference, The PGA and Team USA, among many others. With the help of industry veteran and CEO of Fanatics, Alan Trager, Fanatics combines best-of-breed e-commerce hosting and retail strategy with highly efficient order fulfillment, secure shopping solutions, and customer relationship management to help partners fully monetize their official websites. For more information, visit www.fanatics.com.

About Rue La La
Rue La La is the online destination for a life of style, inspiring its Members daily with a curated selection of coveted designer offerings at private sales prices. Founded in 2008, Rue La La has become a strategic partner to innovative brands looking for new ways to achieve their business goals. With the launch of Rue Local, Members all over the country get exclusive access to handpicked offerings for everything to do, eat, and see right in their city. Visit Rue La La for more information. www.ruelala.com.

About ShopRunner
ShopRunner is a members-only online shopping service that offers time-starved consumers unlimited, free two-day shipping with no minimum order size, and free shipping on returns across a wide selection of today's most popular retailers. ShopRunner members also receive access to exclusive deals that can be combined with fast, free shipping. ShopRunner's growing retail network includes relationships with America's most sought-after brands, including Lord & Taylor, Toys"R"Us, Sports Authority, GNC, drugstore.com, inc., Domino's Pizza, PetSmart and Newegg.com , with millions of products in clothing, baby, beauty, electronics, movies, sporting goods, pets, toys, video games, luggage, automotive and more.

2012-02-29T06:24:00.001-08:00

How to Start a Small Business – Best Advice and ideas

small Business Advice, Best Business to Start

25 Top Internet Billionaires and the Secret to their Success

Who are the 25 top internet billionaires in the world? What’s the secret to the success of the top internet billionaires? How did they come about their wealth? How did they become billionaires?how can you replicate their success strategies to become a millionaire or billionaire? You are going to find out soon.

In this article, I am going to list the top 25 internet billionaires and also highlight the secret to their success. But before I proceed, I want to emphasize the point that this article not focused on the wealth and net worth of the internet billionaires; rather, it’s more interested in the “how” of their success.

If you are more interested in knowing the estimated net worth of the internet billionaires; then Forbes magazine is the right place to go. But if you are interested in learning the exact step by step strategies that helped these internet entrepreneurs became billionaires; then please read on. Now who are the 25 top internet billionaires in the world?

25 Top Internet Billionaires in the World

1. Mark Zuckerberg – Facebook

2. Larry Page – Google

3. Steve Case – AOL

4. Jeff Bezos – Amazon

5. Reed Hastings – Netflix

6. Jerry Yang – Yahoo!

7. Craig Newmark – Craiglist

8. Pierre Omidyar – Ebay

9. Sergey Brin – Google

10. Eric Schmidt – Google

11. Masayoshi Son – Softbank

12. Hiroshi Mikitani – Japan’s leading online shopping mall

13. Charles Schwab – Online investing to the masses

14. Ma Huateng – Runs China’s most popular online chat service

15. Robin Li – Baidu

16. Mark Cuban – Broadcast

17. Andreas Von Bechtolsheim – Google Investor

18. William Ding – China’s second largest online gaming site

19. Shi Yuzhu – Giant Interactive

20. Yoshikazu Tanaka – Gree

21. David Filo – Yahoo!

22. Marc Benioff – SalesForce

23. Peter Thiel - Facebook Investor

24. Jack Ma – Alibaba

25. Todd Wargner – Broadcast

Now that the 25 top internet billionaires in the world have been listed, I think it’s time we dig into the behind-the-scene secret to their success.

25 Top Internet Billionaires and the Secret to their Success

1. They took advantage of trend

“There are no shortcuts. You have to work hard, and try to put yourself in a position where if luck strikes, you can see the opportunity and take advantage of it. I would also say it's hard not to fool yourself. Everyone tells you how they are going to be "special," but few do the work to get there. Do the work.” – Mark Cuban

The fist secret to the success of the internet billionaires was their preparedness and ability to take advantage of a moving business opportunity. The internet came as a trend and while most established business owners fought to resist its impact on their businesses; these internet billionaires embraced the internet and went about seeking ways to use it as leverage. The ability to take advantage of trend; the ability to accept change is the big difference between successful entrepreneurs and the average business owners.

“To truly prepare for the unexpected, you’ve got to position yourself to keep a couple of options open so when the door of opportunity opens, you’re close enough to squeeze through.” – Pierre Omidyar

2. They started small

The 25 internet entrepreneurs listed above are billionaires by all standard but they were not so many years ago; and they did not become internet billionaires overnight, they started small. Most people admire entrepreneurs such as Mark Zuckerberg, Jeff Bezos and Larry Page but only few knew the starting point of these entrepreneurs.

“There are no shortcuts.” – Reed Hastings

One key to becoming a successful entrepreneur or business owner is the ability to start small. Most people dream big but only few are humble enough to start small. I think it’s worthwhile you know that Mark Zuckerberg, Larry Page, Jerry Yang, David Filo, Sergey Brin started their internet businesses from the dorm of their various schools; Jeff Bezos started Amazon from his garage.

“Most people think it's all about the idea. It's not. EVERYONE has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.” – Mark Cuban

These internet billionaires did not sit on their business ideas and business plan; waiting for the million dollar investor. They started with what they’ve got on hand and kept it going till they hit fame and fortune. So if you must replicate the success strategies of these internet billionaires, then you must be willing to start small.

3. They worked for free

“It’s not because of the amount of money. For me and my colleagues; the most important thing is that we create an open information flow for people. Having media corporations owned by conglomerates is not just an attractive idea to me.” –Mark Zuckerberg

Extraordinary success comes with extraordinary sacrifice. During the early startup years of these internet billionaires, they weren’t paid a dime. They worked for free developing their business ideas and even when their various companies was formed; they kept working for free.

What’s the lesson I am trying to stress here? The lesson I am emphasizing is that “delayed gratification is essential to becoming a billionaire and building a successful business; whether on the internet or offline.”

4. They were innovative

I did a careful research and found out that the internet billionaires were not pioneers in their niche; they were late comers but they came with a competitive strategy, “innovation.” Google and Yahoo weren’t the first search engine; before them was ask.com.

“We are targeting innovation. We believe mobile applications are essential.” – Larry Page

Amazon wasn’t the first online bookstore; other small independent bookstores existed but Jeff Bezos used innovation as an edge to position Amazon as the world largest bookstore. Facebook wasn’t the first social networking site; MySpace was already on ground and successful but Mark Zuckerberg positioned Facebook using innovation as an edge.

The lesson here is that you don’t have to be the first to win; you don’t have to reinvent the wheel, all you have to do is improve on the present idea and you will have a winner on hand.

5. They had a mission

“The thing I really care about is the mission; making the world open.” – Mark Zuckerberg

One of the reason the 25 internet entrepreneurs listed above became billionaires was because they had a mission; a mission to positively affect humanity. Why do you want to start a business? The answer to this question will determine if you’ll succeed or not.

“The most important single thing is to focus obsessively on the customer. Our goal is to be earth's most customer-centric company.” – Jeff Bezos

A business mission is essential to starting a business and growing a business because it helps you the entrepreneur maintain focus; it keeps you on course. Without a strong business mission; you might hit success but you can never sustain that success. MySpace went under because Facebook; its competitor had a stronger mission and that business mission became the driving force behind Facebook’s success.

“Basically, our goal is to organize the world's information and to make it universally accessible and useful. That's our mission. When we started, we had about 30 million Web pages, which was quite large for the time — that was two years ago. Now, we have well over a billion Web pages. So that gives you some idea of how we've grown in content. So we try to make more and more stuff available to people, we try to, when you come to Google, fulfill that need that you have as quickly as possible.” – Larry Page

6. They served everyone for free

Have you ever been charged for doing a search on Google? Were you charged a subscription fee for your Yahoo, Google and Facebook account? The answer is no. The reason these internet billionaires became successful was because they served everyone for free. Mark Zuckerberg helped family and friends stay in touch without charging a dime. Google provides direction to vital information without charging a dime; Craiglist is also a free resource.

"If you want to be rich, simply serve more people." – Rich Dad

Now what is the key point here? The key point for success here is to provide a valuable service to many people for free or a lot less than normal.

7. They reinvested in their business

The last secret to the success of the internet billionaire was that they reinvested in their businesses. Jeff Bezos didn’t pay a dividend for five years; Larry Page and Sergey Brin worked their socks off without getting a dime. These internet entrepreneurs became billionaires because they reinvested not only the profits; but their time and resources.

Instead of taking a profit and throwing a party; they chose to stay committed and expand their business via strategic acquisitions. Re-investing in your business is essential to business growth and expansion.

As a final note, these are the top seven secrets to the success of the internet billionaires. Do you want to become an internet billionaire? All you have to do is to replicate these seven success secrets and I will see you at the top.

2012-02-25T08:15:00.001-08:00

Hello Everybody

This post is dedicated to all those young internet entrepreneurs who had the courage to make it happen for themselves. I began blogging almost 3 years back. It is amazing to see people who began their business on the internet for a few months and are now well-known millionaires. I hope the post below lets you become a better blogger. These are 10 young internet entrepreneurs who make millions per year.

Mark Zuckerberg - Mark is just 25-years old (at time of writing). He is the youngest and the top most internet entrepreneur in the world today. Mark is the founder of the second most visited website in the world – Facebook. With this he is the youngest billionaire in the world. He started Facebook while he was still in Harvard. It is amazing to know that Mark started Facebook in his messy dorm room on February 4, 2004 as a way for students, faculty and friends to connect. He got the idea for Facebook from his college and school days where a book with head shots of students used to published.

Kevin Rose – ‘Digg’ any posts lately. If yes, you have to thank Digg’s founder 29-year old Kevin Rose. While younger, Kevin worked as a breadstick maker at a popular restaurant. Kevin has perhaps paid a heavy price for Digg. He lost the ‘love of his life’ while founding Digg. He invested $6000 into the site, which was supposed to be for a deposit on a house for him and his girlfriend. As a result of this, their relationship broke down. Since then he has been quoted saying,
“no matter what happens with Digg, I won’t put business first again.

Michael Arrington -The lawyer who started a blog. He is one of the most powerful guys on the internet right now. Once he was a lawyer and he left his job to become the founder of TechCrunch. TechCrunch is now an authority-blog. TechCrunch covers internet startups and latest in technology news serving over 1.5 million page views per month. Michael is 39-years old. He is one of the most powerful guys on the internet right now.

Bob Parsons

Bob Parsons – Almost everyone reading this post is connected to this man. Bob Parson is the founder of the flagship domain registrar GoDaddy. Parsons recounts that he was extremely weak at academics. He joined the US Marine Corps and claims otherwise he would not have graduated high-school. Bob Parsons is also a Vietnam war hero who got injured while serving as riflemen for Delta forces in Vietnam. This is what Parsons said about his childhood,

“I’ve earned everything I’ve ever received. Very little was given to me. I’ve been working as long as I can remember. Whether it was delivering or selling newspapers, pumping gas, working in construction or in a factory, I’ve always been making my own

arianna huffington- Is perhaps one of the most successful female Internet entrepreneurs ever and is the founder of the top blog in the world according to Technorati! She started the news-blog Huffingtonpost dot com. Her blog HuffingtonPost has become synonymous to a news website. She is greek American and speaks with a marked Greek accent.

Peter Thiel – Peter is the reason why you got the immediate payment from your sponsor the last time. He and Max Levchin co-founded PayPal. There is yet to be a substitute to Paypal but none have been as effective. Thiel is also the investor who helped Zuckerberg kick things off with Facebook. I don’t know if you care but Thiel is gay. He is worth $1.3 billion.

Janus Friis- He is a Danish internet entrepreneur, who founded the popular telephony application Skype. Although in September 2005, he and his partner Niklas Zennström sold Skype to eBay for $2.6 billion. His hobbies and pass times include skydiving, pool, martial arts and winter sea bathing.

Evan Williams

Evan Williams – If you ever thought who on Earth could come up with a name such as Blog – then Evan is your man. He is responsible for popularizing the word ‘Blog’. Evan created the most popular blogging platform for newbies – Blogger. And yes, he is also the reason you “tweet” so much. Evan is the co-founder of the third most popular social network – Twitter. He is 37-years old, never too late huh?

Andrew Gower – Andrew became worth $650 million developing games. He is the founder of popular gaming site Runescape. He created Runescape in January 1999 as an undergraduate at the University of Cambridge. He used the assistance of brother Paul Gower. The Daily Telegraph also listed Andrew and Paul Gower as the 11th richest young entrepreneurs in the UK. Right now, he is 30-years old.

Milun Tesovic

Milun Tesovic – A young internet entrepreneur and an inspiration to all of us. Milun started Metrolyrics at 16 years old. His is a music website. Milun tells his story in his own words,

“When I was 15, I knew that after I got my driver’s license, I wanted a decent-looking car,” he said. “I had my own hosting company (on the Internet), and then I started analyzing where a lot of people go on the web. There were a lot of places where music and video games were available, but what I saw was music lyrics wasn’t that well represented.
So I made a quick script with my own code and started a database of music lyrics. … It cost $9 a month to buy up the domain.”

although Metrolyrics receives over 36 million visitors monthly. Milun is still pursuing academics, he is doing BBA (Bachelor of Business Administration) in Entrepreneurship.

Wishing you all Success in your Blogging venture.

2012-02-24T05:08:00.000-08:00

FACEBOOK IPOs, or initial public offerings of stock, filed papers this afternoon to raise at least $5 billion and begin to sell stock this spring.
The filing was made online with the Securities and Exchange Commission in Washington. If all goes as planned, it will likely take until May for Facebook stock to begin trading on a stock exchange.
"There is a huge need and a huge opportunity to get everyone in the world connected, to give everyone a voice and to help transform society for the future," said Mark Zuckerberg, Facebook's CEO, in a letter that accompanied the filing. "The scale of the technology and infrastructure that must be built is unprecedented, and we believe this is the most important problem we can focus on.
"We hope to strengthen how people relate to each other," he said.
Zuckerberg, now 27, famously started Facebook when he was a student at Harvard University in 2004. Today, it has more than 800 million active users, and Zuckerberg said they have made more than 100 billion connections with each other.
Facebook, along the way, has made a lot of money. It revealed in today's filing that in 2011 it had profits of $1 billion on sales of $3.7 billion.
watch video

"It is a major sign of maturation" for Facebook to go public, said Lawrence Summers, the former secretary of the Treasury who was president of Harvard when Zuckerberg began Facebook. "It means more cash flow, it means even more visibility, it means even more responsibility to shareholders, but also to the broader society.

"It is both a recognition of what has been accomplished, and it points to the fact that Mark Zuckerberg has done a remarkable thing in building a global institution in a very short time," said Summers.
Several major investment banks are involved in the IPO, with Morgan Stanley in the lead role. Goldman Sachs, Bank of America, Merrill Lynch, Barclays Capital and JP Morgan are also included.
Analysts said that this offering will change the Internet sector, creating what will be one of the world's most valuable Internet companies.
"Will Facebook's IPO be the biggest IPO in American history? Probably not," said David Kirkpatrick, author of "The Facebook Effect." "But it will certainly be, by far, the biggest Internet or technology IPO we've ever seen."
Others warned that Facebook may not be a surefire winner for small investors looking to make some quick money. Certainly, Facebook has been profitable, but it has already made a great deal of money as a private company. It has more than 800 million active users -- up 45 percent in 2011 -- but growth in the United States and other Western countries has already begun to slow. Most of its recent growth in membership has been in countries such as Brazil and India.
Why go public now, anyway? Since Facebook already has more than 500 investors, it is required to make certain financial information public anyway under SEC regulations. The deadline to file this information expires in April.
Zuckerberg reportedly decided to go public once it became clear that the company had become too big to keep its finances private. By going public, Facebook loses some of its mystery and cool, having to declare profits and losses and answer to shareholders every quarter. But the company will have access to new cash and can use the value of its stock to acquire other companies and to reward its employees.
Many of Facebook's 3,000 employees could now become Silicon Valley millionaires. Zuckerberg is already said to be the world's youngest self-made billionaire. The SEC filing showed that he asked to reduce his salary to $1 per year starting next Jan. 1.
"We believe that we have an opportunity to have an important impact on the world and build a lasting company in the process," he wrote in his letter today.

THE SUCCESS STORY

2012-02-23T04:31:00.000-08:00

TODAY THE BLOG IS ABOUT THE BILLIONAIRE IN INDIA BUT HE IS NOT AN INTERNET BILLIONAIRE .BUT HE IS THE GREAT ENTREPRENEUR IN THOSE DAYS HE IS NONE OTHER THAN SHRI .DHIRUBHAI AMBANI WHO IS THE FOUNDER OF RELIANCE.

Dhirubhai Ambani Biography

Born: December 28, 1932
Died: July 6, 2002
Achievements: Dhiru Bhai Ambani built India's largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list

Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.

Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over the weekends.

After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.

Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics.

Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an 'equity cult' in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s.

In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India's sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.

Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him "greatest creator of wealth in the century".

Dhirubhai Ambani died on July 6, 2002, at Mumbai.

FOLLOW HIS WORDS YOU WILL BE THE GREAT SUCCESSOR IN YOUR LIFE THIS IS NOT FOR INDIANS ALONE FOR ALL.

DHIRUBHAI AMBANI WIKIPEDIA

2012-02-22T07:47:00.003-08:00

MARK ZUCKERBERG was born on May 14, 1984, in Dobbs Ferry, New York, Mark Zuckerberg co-founded the social-networking website Facebook out of his college dorm room. He left Harvard after his sophomore year to concentrate on the site, the user base of which has grown to over 250 million people, making Zuckerberg a billionaire. The birth of Facebook was recently portrayed in the film The Social Network.
Mark Elliot Zuckerberg was born on May 14, 1984, in Dobbs Ferry, New York, into a comfortable, well-educated family. His father, Edward Zuckerberg, ran a dental practice attached to the family's home. His mother, Karen, worked as a psychiatrist before the birth of the couple's four children—Mark, Randi, Donna and Arielle.
Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named "Zucknet." His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the house. Together with his friends, he also created computer games just for fun. "I had a bunch of friends who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it."
To keep up with Mark's burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Mark. Newman later told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at nearby Mercy College around this same time.

Zuckerberg later studied at Phillips Exeter Academy, an exclusive preparatory school in New Hampshire. There he showed talent in fencing, becoming the captain of the school's team. He also excelled in literature, earning a diploma in classics. Yet Zuckerberg remained fascinated by computers, and continued to work on developing new programs. While still in high school, he created an early version of the music software Pandora, which he called Synapse. Several companies—including AOL and Microsoft—expressed an interest in buying the software, and hiring the teenager before graduation. He declined the offers.

Understanding people is not a waste of time.

– Mark Zuckerberg

Time at Harvard

After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. By his sophomore year at the ivy league institution, he had developed a reputation as the go-to software developer on campus. It was at that time that he built a program called CourseMatch, which helped students choose their classes based on the course selections of other users. He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.
Based on the buzz of his previous projects, three of his fellow students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an idea for a social networking site they called Harvard Connection. This site was designed to use information from Harvard's student networks in order to create a dating site for the Harvard elite. Zuckerberg agreed to help with the project, but soon dropped out to work on his own social networking site with friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin.. zuckerberg and his friends created a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site—first called The Facebook—out of a dorm room at Harvard until June 2004. After his sophomore year, Zuckerberg dropped out of college to devote himself to Facebook full time, moving the company to Palo Alto, California. By the end of 2004, Facebook had 1 million users.

The Rise of Facebook

In 2005, Zuckerberg's enterprise received a huge boost from the venture capital firm Accel Partners. Accel invested $12.7 million into the network, which at the time was open only to ivy league students. Zuckerberg's company then granted access to other colleges, high school and international schools, pushing the site's membership to more than 5.5 million users by December 2005. The site then began attracting the interest of other companies, who wanted to advertize with the popular social hub. Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.
Zuckerberg seemed to be going nowhere but up, however in 2006, the business mogul faced his first big hurdle. The creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses. Zuckerberg maintained that the ideas were based on two very different types of social networks but, after lawyers searched Zuckerberg's records, incriminating Instant Messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users' private information to his friends.
Zuckerberg later apologized for the incriminating messages, saying he regretted them. "If you're going to go on to build a service that is influential and that a lot of people rely on, then you need to be mature, right?" he said in an interview with The New Yorker. "I think I've grown and learned a lot."
Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock

Zuckerberg faced yet another personal challenge when the 2009 book The Accidental Billionaires, by writer Ben Mezrich, hit stores. Mezrich was heavily criticized for his re-telling of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional characters. Regardless of how true-to-life the story was, Mezrich managed to sell the rights of the tale to screenwriter Aaron Sorkin, and the critically acclaimed film The Social Network received eight Academy Award nominations.
Zuckerberg objected strongly to the film's narrative, and later told a reporter at The New Yorker that many of the details in the film were inaccurate. For example, Zuckerberg has been dating longtime girlfriend
Prev Priscilla Chan, a Chinese-American medical student he met at Harvard, since 2003. He also said he never had interest in joining any of the final clubs. "It's interesting what stuff they focused on getting right; like, every single shirt and fleece that I had in that movie is actually a shirt or fleece that I own," Zuckerberg told a reporter at a start-up conference in 2010. "So there's all this stuff that they got wrong and a bunch of random details that they got right."

Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named him Person of the Year in 2010, and Vanity Fair placed him at the top of their New Establishment list. Forbes also ranked Zuckerberg at No. 35—beating out Apple CEO Steve Jobs—o
their Forbes 400 list, estimating his net worth to be $6.9 billion.

Philanthropic Causes

Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of philanthropic causes. The most notable examples came in 2010. In September of that year, he donated $100 million to save the failing Newark Public Schools system in New Jersey. Then, in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent of his wealth to charity over the course of his lifetime. Other Giving Pledge members include Bill Gates, Warren Buffett and George Lucas. After his donation, Zuckerberg called on other young, wealthy entrepreneurs to follow suit. "With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts," he said.

Personal Life

Zuckerberg lives in Palo Alto, California, with Chan. In March 2011, the couple finally changed their statuses on Facebook to "In a Relationship."

social network flim

MOVIE OF MARK ZUCKERBERG

2012-02-22T02:34:00.003-08:00

NOW A DAYS INTERNET IS VERY FAMOUS THAT EVERY ONE OF THEM IS APPROCHING IT FOR ANY THING THEY WANT IF THEY WANT TO BUY ANYTHING THEY WANT,FOR ENTERTAINMENT .......ETC,SO START YOUR BUSINESS WITH INTERNET THAT WILL BE OPEN TO ALL .THERE IS THE QUOTE SAID BY BILLGATES THAT

"The Internet is becoming the town square for the global village of tomorrow."

BECOME A BILLIONAIRES

2012-02-21T21:06:00.000-08:00

THE SOCIAL NETWORK

NOW A PEOPLE ARE PREFERING ON SOCIAL NETWORKING SITES.SO THERE IS

THE FEAUTURE FOR SOCIAL NETWORKING SITE SO I AM NOW CREATING A SOCIAL NETWORKING SITE NAMED AS OPENGAZE IF U WANT TO BECOME A PATNER IN THAT YOU CAN ALSO JOIN WITH ME IT WILL COST LITTLE AMOUNT ONLY YOU CAN EMAIL ME AT ROCKY VICKY.VICKY9@GMAIL.COM .BY HEARING THE WORDS OF BILLGATES I DECIDED TO START IT HE SAID THAT IF YOUR BUSINESS IS IN THE INTERNET YOU WILL BE THE SUCESSOR IN THIS WORLD.THERE ARE MANY FEAUTURES IN MY SOCIAL NETWORK THAT I AM CREATING

APPS
MUSICS
VIDEOS
ADS
BLOGS
MEMBERS PROFILE
CHAT
MARKET PLACE
MOBILES
SHOUT BOX
POLLS
PHOTOS
GAMES....ETC,

SO IF YOU WANT TO JOIN IT IS ALWAYS OPEN FOR YOU.THERE IS A BRIGHT FEAUTURE FOR YOU...BE READY ALWAYS.