Becoming one of the many successful tech companies on a limited budget is hard. There are countless young people with that problem aspiring to build a company that, someday, will become a successful Silicon Valley giant. And for many of these people, if their ideas and concepts were the sole requirement to achieve that dream, that wouldn’t be an issue. However, nowadays, in order to become one of the successful tech companies on a limited budget you have a major obstacle to overcome, something is required, like a kick off. And still, for many of these people, that success seems far awayDoes it really have to work like this?
Mike Krieger was a UX designer and engineer at Meebo. Kevin Systrom had a past at Nextstop, which would be later on acquired by Facebook, Google’s corporate development department and as an intern at Odeo, the company that grew to become Twitter.
“I figured I could build a prototype of the idea in HTML5 and get it to some friends, those friends ended up using the prototype without any branding elements or design at all.”
It was basically a proto-Instagram: you would be able to share locations, future plans and post pictures of the meet-ups. The main success from Burbn came from the picture-sharing experience. Every idea and feature revolved around the photo-sharing concept. After several initial prototypes, Systrom finally showed his ‘’final’’ prototype to people from Baseline Ventures and Andreessen Horowitz at a cocktail party for Hutch. With (a lot of) luck, Systrom raised $500k, and was able to quit his job and find a team. His first hire, which eventually became a co-founder, was Krieger. After completely stripping Burbn and building a new app almost entirely from scratch, Instagram was born in 2010.
Before officially starting to work with computers, Michael Dell became a pre-med student at the University of Texas. His spare time was initially spent on upgrading PC’s in order to resell them and make some extra money. This objective grew bigger with time in Dell’s mind:
I start exploring this whole computer thing further, and one of the things I noticed about the computer business was that it was very inefficient,”
“It took a really long time for the technology to get from the people that made it to the people that were buying it, and it was actually rather expensive and slow.”
His first investment was of $1,000 dollars a week (made from his previous experiences as an initial businessman). Soon after, Dell started to make from $50,000 to $80,000 a month in his dorm room.
A very well known fact from Appe is that it all started in a garage, with Steve Jobs and Steve Wozniak. The initial idea came from Wozniak, with a circuit board. Jobs not only understood Woz’ idea, but saw the potential in it. This initial idea for a circuit board would eventually become Apple I.