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25-Year-Old Sells A $70 Mil. Company To Google

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Jun 2, 2010.

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  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    yes kids, it can be done! :baby25:


    The story of how a 25-year-old named Nat Turner sold his startup to Google for $70 million starts three years ago at the University of Pennsylvania.

    Back then, Nat and his friend Zach Weinberg, sophomores, were trying to decide what kind of company they wanted to start next.

    The pair had just sold an online food delivery website called www.EatNow.com, and were eager to begin something new.

    Did they want to build Facebook apps? An ad-server for video? Social media analytics tools?

    Finally, in January 2007, Nat and Zach ? along with two more friends, Scott Becker and Michael Provenzano ? just started coding. In the summer of 2007, they took some angel funding from First Round Capital, where Nat had held an internship the year before.

    Then, in 2008, Nat and Zach's company, Invite Media, finally became what it is today: a ?demand-side platform," or DSP, that helps ad-buyers use ad exchanges.

    Today, the news broke that Invite Media will sell-out to Google for a price around $70 million.

    Turning an idea into $70 million in three years is an impressive feat for any entrepreneur, let alone a 25-year-old one. But get to know Nat a little, and you'll see that this was always coming.

    A source close to Googlers tell us that Nat is "Preternaturally mature for a kid of 25" and that he "acts like he's been in business for 20 years, in a very charming way."

    http://www.businessinsider.com/meet...st-sold-a-70-million-company-to-google-2010-6
     
  2. toyo

    toyo BANNED BANNED

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    when I hear about people around my age, especially internet entrepreneurs, who has made millions - it makes me feel kinda depressed...
     
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  3. TheInternetHustler

    TheInternetHustler Regular Member

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    If I sold a company for 70 mil at 25, I would most certainly retire and never do any sort of work again.
     
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  4. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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  5. Chronos

    Chronos Junior Member

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    I'm the opposite. I know I work hard and when I read stories like this, I know one day it will pay off. :)
     
  6. Money Man

    Money Man Elite Member

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    I would definitely NOT retire. I would make solid investments with most of the money, and invest in new business ventures with whatever was left over. Of course I would spend some of it, but solid investments would be my major aspect. I might retire once I was worth 1 billion...but 70 million? I don't think so!
     
  7. Wayer

    Wayer Newbie

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    Im the same, knowing that this dude made $70 Million and he's 25 gives me so much motivation. Im 20 in a few days and I know theres nothing stopping me or any of us, making a fraction of that. My ultimate goal is too make $100,000 annually.

    If you set realistic goals, expect realistic results.
     
  8. TheInternetHustler

    TheInternetHustler Regular Member

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    I dont see the point, I dont value fancy cars and what not, its all in your head, pointless greed to inflate your fake ego. Life is for living, Im not going to spend more than a few thousand in a week doing the shit I like to do, so if I had shit loads of money it would just sit there. I got better shit to do than worry about money.
     
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  9. Chronos

    Chronos Junior Member

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    I don't agree with the person you bashed, but you should understand though, that some people like me just can't NOT work. It keeps me sane. Whether it's working for a multi-billion conglemorate or a small non-profit charity, I just have to do SOMETHING.

    Is that greedy? no.
     
  10. toyo

    toyo BANNED BANNED

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    You need to learn the art of slacking. I mastered it when I was in kindy..
     
  11. Money Man

    Money Man Elite Member

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    Since when did I say I would go on a wild spending-spree? Fancy cars? Lavish lifestyle? Did I say that? No, I didn't. I said I would REINVEST the money. How does that translate into fancy cars and a lavish lifestyle? You answered my question for me, your avatar is DEFINITELY a picture of you. What are you, 15 years old?

    The reason I would want to retire being worth much more than 70 million is for many reasons. First of all, the economy is crap and you never know when it will go down the tubes again, if we ever recover. We are in debt up to our eyeballs. My kids and your kids (if God forbid you ever reproduce) and their kids are going to have to pay it all off. Second of all, when I'm gone, what about my kids, and their kids, and my kid's kids? I could go on forever, but I won't. Thanks for assuming I am dying to live this lavish lifestyle you speak of. Nice try, nice fail.
     
  12. Money Man

    Money Man Elite Member

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    You do care, or you would have ignored them.
     
  13. TheInternetHustler

    TheInternetHustler Regular Member

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    No duh you cant just let it sit in cash with this economy, Id just put it into gold, but its not like I would go start buinessess and stuff that requires actually working. Our kids are not going to have to pay off the debt, its impossible, even if their was a 100% income tax. Our government is continuing to spend insane amounts of money, guaranteeing that this money will never be paid off. No one in their right mind thinks its gonna be paid off. We will just keep borrowing money and creating it out of thin air with the federal reserve until it all falls out and their is hyper inflation(what will happen next who knows, possibly a new global central bank/currency.) At which point I'll be fine with my money invested in physical gold.

    BUT we are getting totally off topic. My point is, no one needs 70 mil, even if they want to have money left to support their kids. If 70 mill is not enough for you, then your just an ego drone.

    edit- yeah, I was 15 int that picture, which was around the time I joined BHW. Im 18 now. But what does age have to do with anything? I was already well on my way at 15...
     
    Last edited: Jun 2, 2010
  14. Money Man

    Money Man Elite Member

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    Okay, I can finally agree with you. You make some good points and the debt might actually never be paid off but that still doesn't mean our kids and their kids won't have to pay towards the debt.

    I do disagree that I am "ego drone" if I choose NOT to retire if I was to score $70 million in a single business deal, but instead would rather make solid investments and reinvest in other business ventures. Like Chronos said, some people just enjoy working.

    Regardless, we are getting off topic, and I offer my sincere apologies for bashing you. Have a good day! :)
     
  15. trevor1617

    trevor1617 BANNED BANNED

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    Invest Invest Fun Invest Fun till I die
     
  16. thinkinghat

    thinkinghat Regular Member

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    it makes me feel inspired!
     
  17. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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  18. Bestbuyfoam

    Bestbuyfoam Jr. VIP Jr. VIP Premium Member

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    Thought this was appropriate for this thread...


    Have a blessed one...

    Keeper
    ***************
    I grew up with practical parents. A mother, God love her, who washed aluminum foil after she cooked in it, then reused it. She was the original recycle queen, before they had a name for it... A father who was happier getting old shoes fixed than buying new ones.

    Their marriage was good, their dreams focused. Their best friends lived barely a wave away..

    I can see them now, Dad in trousers, tee shirt and a hat and Mom in a house dress, lawn mower in one hand, and dish-towel in the other. It was the time for fixing things.. A curtain rod, the kitchen radio, screen door, the oven door, the hem in a dress. Things we keep.

    It was a way of life, and sometimes it made me crazy.. All that re-fixing, eating, renewing, I wanted just once to be wasteful. Waste meant affluence. Throwing things away meant you knew there'd always be more.

    But then my mother died, and on that clear summer's night, in the warmth of the hospital room, I was struck with the pain of learning that sometimes there isn't any more.

    Sometimes, what we care about most gets all used up and goes away...never to return.. So... while we have it..... it's best we love it.... and care for it ... and fix it when it's broken......... and heal it when it's sick.

    This is true. for marriage....... and old cars..... and children with bad report cards..... and dogs with bad hips.... and aging parents..... and grandparents. We keep them because they are worth it, because we are worth it.
    Some things we keep. Like a best friend that moved away or a classmate we grew up with.

    There are just some things that make life important, like people we know who are special........ and so, we keep them close!

    I received this from someone who thinks I am a 'keeper', so I've sent it to the people I think of in the same way... Now it's your turn to send this to those people that are "keepers" in your life. Good friends are like stars.... You don't always see them, but you know they are always there. Keep them close!



    THINGS GOD WON'T ASK ON THAT DAY.

    1.... God won't ask what kind of car you drove. He'll ask how many people you drove who didn't have transportation..

    2.... God won't ask the square footage of your house, He'll ask how many people you welcomed into your home.

    3.... God won't ask about the clothes you had in your closet, He'll ask how many you helped to clothe.

    4.... God won't ask what your highest salary was. He'll ask if you compromised your character to obtain it.

    5.... God won't ask what your job title was. He'll ask if you performed your job to the best of your ability.

    6....God won't ask how many friends you had. He'll ask how many people to whom you were a friend.

    7.... God won't ask in what neighborhood you lived, He'll ask how you treated your neighbors.

    8.... God won't ask about the color of your skin, He'll ask about the content of your character.

    9.... God won't ask why it took you so long to seek Salvation. He'll lovingly take you to your mansion

    in heaven, and not to the gates of Hell.
     
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  19. toyo

    toyo BANNED BANNED

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    I really wish god existed. I will just need to pray everyday and be good, and I'll be a billionaire in no time... don't worry god, I'll feed poor kids as well...LOL
     
  20. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    i think that helps explain why a lot of people aren't rich.
     
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