CAPE TOWN - Some of the greatest business ideas were formed from a simple idea. These ideas have reeled in outstanding success. Take a look at how some of the greatest business ideas formed from a simple one.
1. Search Engine
The search engine was initially an idea by PhD students at Stanford, Larry Page and Sergey Brin. They had a bright idea about evaluating the number of relevant links between pages as opposed to just the keywords on them.
Their idea then took off and now rules the market. With more than R936 million in sales, the company is now a popular mobile-phone platform (Android).
Page and Brin have quadrupled their earnings, now each of them worth almost R425 billion.
Picture: Larry Page and Sergey Brin. (Bloomberg).
Facebook was created in a Harvard dorm room. Founder, Mark Zuckerberg initially wanted to create a “hot or not” site called Facemash. It was here where learned how technology could connect people. thefacebook.com was then born.
Zuckerberg is now reportedly worth R1.6 trillion.
Picture: Mark Zuckerberg. (Bloomberg).
Financial software and media conglomerate, Bloomberg was founded in the 1970s by Wall Street trader, Michael Bloomberg. He founded Bloomberg when he realised that financial companies were willing to pay for reliable business information.
Bloomberg then launched financial information through computer terminals.
The financial software company is now estimated to be worth a staggering R671 billion.
Electronic commerce site, Amazon was founded by Wall Street employee, Jeff Bizos in the early 1900s. Despite being situated amongst some of the largest U.S brokerages and investment banks, Bizos wanted to start his own company. This was when Amazon was founded, as an online bookstore. Amazon has since evolved tremendously and now sells everything from books to furniture and gadgets.
The e-commerce site is now worth an outstanding R1.2 trillion.
Picture: Jeff Bizos. (Bloomberg).
The popular messaging service was initially imagined to be a phone book app with status updates next to names on a contact list. Founded by Jan Koum and partner, Brian Acton, WhatsApp then progressed to include push features and automatic notifications.
According to online statistics portal Statista, WhatsApp had 1.3 billion monthly active users in 2016.
The messaging app is now reportedly worth R138 billion.
Picture: Brian Acton. (Reuters).
- BUSINESS REPORT ONLINE