There is something common in today’s most powerful companies: They all started in the garage. From humble beginnings to world domination, here are three garage startups that are now ruling the world.
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In 1994, Jeff Bezos started an online bookstore in his garage in Bellevue, Washington. The first book was sold in 1995 under the Amazon.com URL. In 1997, the online bookstore became public, and today, Amazon is the world’s largest online retailer making Bezos one of the richest men in the world.
Steve Jobs and Steve Wozniak launched Apple in 1976. They were 21 and 26 years old respectively. They started building the first Apple computer in a garage in Los Altos, California. Today, Apple is the most valuable tech company in the world. In 2016, the company sold its 1 billionth iPhone.
Google started in Santa Margarita, California, in a garage owned by Susan Wojcicki. If there is one company that knows the meaning of regret, that would be Excite. Larry Page tried to sold BackRub (Google’s former name) for under $1 million to Excite, which was the No. 2 search engine next to Yahoo!. The company rejected the deal, and Google went on to dethrone Yahoo! and become the world’s top search engine.
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Hi, my name’s Steve Sorensen. I’m an investment strategist and a business blogger. I have been fascinated by the metric growth of some of the fortune 500 companies, and I would like to find out how their net worth has grown. Visit my blog for similar reads.