25 years old, I earned 300 million U.S. dollars
25-year-old are you doing? Was disgraced for life to run around, or for the foreseeable future the success of the confusion? 25-year-old古尔巴斯克Chahal has created a new wealth of labeling after 80 - he has earned with a sale of Yahoo had 300 million U.S. dollars. Now, he is for his third "flourishes" to prepare.
"Thanks to the gods of the" 16-year-old earned 100,000 U.S. dollars
When the search for the first time Hal hesitant to own instrument the bedroom of the "harvest" to my father to see when the number of bank deposits for more than 10 million U.S. dollars. His father jerked his hand holding down the chest, the same as a heart attack. "It's, What is this? You, where did you get so much money?" He turned to face the kitchen, directed at Chahal's mother shouted: "your son has to go to prison!"
100 thousand U.S. dollars is to check the age of 16, when Hal first company to create a small harvest. That year, Chahal persuaded that "education is to open the door to the world of all the keys," the father: he has to drop out big buckle down to action! Zahar, told reporters that he believes that "the gods bestowed," he can be 16 years old when aware of their true passion - to do an entrepreneur. And many people do not know on the road must be taken into the society. So, its now going through, he considered himself very fortunate and successful. But for him, this is the beginning, just a beginning only.
Remove the turban charge of their own appearance
Unlike Gates and Steve Jobs of such a prestigious school drop-outs, Chahal will be dropped out from school. But in terms of their Sikh family, there is more than the drop-out "deviant" act - Chahal off his more than 10 years of follow turban, cut left a 17-year long hair, because he wanted to "charge of their own appearance." Not surprisingly, the devout family, the father admonished inundated with the avalanche of anger him: "You let me be too disappointed! I'll remember this day! This is my most disappointing day of his life!"
When a reporter talk about this "outrageous", the investigation Hal said, cut their hair does not make him more like a Sikh. What's more, he had in fact become an authentic Sikh, because, as an adult, his understanding of his religion even more. Just as the pursuit of pecuniary interests to sell ClickAgents was his decision. "Also is this the right decision so that I gain a lot. If I do not do so, I can not get the current success." Chahal said.
Repeated extortion of not allowing people to control the business aspects
Everything seems so smooth, but in fact Chahal entrepreneurs also often been subjected to extortion programmer, but fortunately was able to Fengxionghuaji Cici Du. Zahar, told reporters that the essence is that you should never let others control the business in some of the links, which would allow you to become fragile and vulnerable to attack. Let all the people are not indispensable. If you do not, you will put itself in an unexpected difficult situation, your fate will no longer be in their own hands.
A painful lesson to learn Chahal the right people hired to replace the work of extortionists. He said that in the course of employment of those new, "I realized that another important reason, is to make its own people around him will always be those who want to see you succeed."
300 million worth, "I still take the economy class"
It is clear that the success of the subsequent dazzling high esteem for all. Operating ClickAgents when Chahal two years time to develop to 34 employees and eventually sold four million dollars. BlueLithium The company has spent three and a half then developed into more than 150 employees, 3 million U.S. dollars sold Yahoo.
Chahal said that, the second pie is much greater, it is because he found a large number of able to join him in fast-growing people. "Smart people get together, can be made into a major event. As long as the synergy is good, a lot of smart people to work together, we can play out like a Beethoven symphony and there are shocking, like a beautiful piece of music of China and the United States."
"But" two successive enjoy "flourishes" in Chahal exhort others: do not have a fortune overnight. "Qiongxiao Zi", who, he says, money has not changed him. Money does make life more comfortable, but he is still down to earth to live, or with their families and friends living together. "I still take the economy class, you have not had the kind of poor and very luxurious life." Zahar said, "life change is, I am very generous, because I think charity is very important in my life a part of."
古尔巴斯克Chahal Biography
Chahal is now a household name of U.S. venture-Star, he was born in a small town in India, Tang Talan Sikh family; 4-year-old with the whole family moved to the United States; 16-year-old in his bedroom, the creation of an Internet advertising company Click Agents; 18-year-old to 40 million U.S. dollars to sell Click Agent, and thus among the youngest in the history, the self-made multimillionaire; 19-year-old he became a multibillion-dollar NASDAQ-listed company's youngest executives; 25 years old, to 300 million U.S. dollars, he founded his second company Blue Lithium (BlueLithium) sold to Yahoo, to become the youngest billionaire; is currently being set up their own third company.
"To China's development
Is only a matter of time "
Chahal does not want to tell everybody what a "flourishes" inStoryIn his nine years of struggle have been several caught in a headache of commercial litigation, but also had to watch from time to time cast a dagger from behind, in selling his own company, he had to endure the buyer's bureaucracy, and loss of decision-making power of the strong frustration. In an interview with Beijing Morning News reporter Zhuan Fangshi, he is more willing to work with young entrepreneurs to share his real-life experiences and lessons learned.
"Do not get started on doing one thing to reinvent the wheel"
Beijing Morning Post: In the biography you wrote: 17 years old, I would ask myself: How can we forget about our competitors, so that they catch up? Now do you think is the answer?
Chahal: The answer is very simple. When you start competing, you may be started in this line of the latest, but it simply means that when people are walking time but you must work hard to sprint. According to this strategy, though you may be the latest departure, but you can be the first one to reach the end of the victory.
Beijing Morning Post: You mentioned earlier, not necessarily have a brand newIdeasIn order to start. "Imitation" in business is what role?
Chahal: Find your favorite cause and persistence. I like to do an entrepreneur. So my suggestion is to do some things their own knowledgeable, and then transform it into their own desired pattern. Do not get started on doing one thing to reinvent the wheel. The beginning of the slow steady point, and so on, and when the opponents are evenly matched, and then innovate.
Beijing Morning Post: Do you think "Ideas"To what extent can be activated? Usually your own is what determined arrival time to start business plan?
Chahal: Many people believe that entrepreneurs have to have a lot of money. So, once they have aIdeasThey will immediately think of the financing. This is not correct. The world, the vast majority of large enterprises (including the three companies I founded) does not require a lot of start-up capital. It requires you to pay your own sweat. When you have paid 100% of the sweat and toil, you will be able to win market favor - once embraced by the marketplace, which means you have reached to further expand their market strategies to accelerate your time.
"Never in urgent need of money when you go to financing"
Beijing Morning Post: to talk about you're looking forVentureUseful when you experience? Cast into the wind, you how to maintain the independence and continuity of their own businesses?
Chahal: Never in your time of need money to finance. But should be a time when you do not need the money to finance. When you need money, investors but will not send money to you. Because they will think you are still very weak. Finance + weakness = fail.
Financing, to create a competitive environment is very important.VentureHome are more emotional animals, they may not want to bear any risk, only when they feel that everyone in the competition this project, they will invest. You have to give them create an atmosphere of such competition. Everyone is not eager to get their own things. Make your own venture into a project that everyone wants. In addition, once you melt into the money, they should dare to take risks as appropriate, to spend money out. No risk no reward.
"Must have the opportunity in China's development"
Beijing Morning News: Your latest progress of the business plan?
Chahal: Gwallet is rapidly developing. On the first week of December, we have just announced that obtained by the Yadeng investment (Adams Street Partners), Trinity Ventures, as well as Stanford University, led a 125 million U.S. dollars of institutional financing. I am very optimistic about the future. And hope that I founded a third company to have done more than the previous two.
Beijing Morning Post: Your autobiography recently published in China, your future market-related business with China do?
Chahal: Gwallet will have the opportunity in China's development. We have to do is a social game for the virtual currency trading platform. This is a worth 50 billion global industry, even in the United States is also just emerging. China is the largest on the Use of virtual currency. To find a suitable partner and then to seek development in China, for us, is only a matter of time.
■ About Blue Lithium
Blue Lithium is the United States was already the fifth-largest, the United Kingdom's second-largest online advertising network, the company has developed technology for consumers moving between sites and the site, track their online behavior, enabling businesses to publish more relevant ads. The acquisition of Blue Lithium by Yahoo To strengthen its presence in targeted advertising on the strength of the market, snatching back the past three years has been taken away Google online advertising industry today.
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