Two were fired from the companies they formed. Another worked 20 years for his overnight success. Another silenced her critics with a $120 million payday. These and other company founders talk about the emotional roller coaster that is entrepreneurship.
Rob McGovern took his first business, CareerBuilder, public, then was part of a group that took it private, at a cost of $250 million, in 2000. Four years later, he founded the online job-search site Jobfox, which last year had revenue of $15 million to $20 million. Read More
In 1988, Jeffrey Hollender co-founded Seventh Generation, a Burlington, Vermont-based manufacturer of eco-friendly household products. He stepped down as CEO of the $150 million company in 2009 but remained on the board of directors and became the company's so-called chief inspired protagonist. In October of last year, he was fired. Read More
In 2009, Greg Nemeth, along with co-founder Arun Gupta, dropped out of college to work full time on a start-up company, WakeMate. The company's eponymous product, a mobile-connected wristband that would track users' sleep patterns and wake them up at an optimal time, had already generated buzz on tech blogs, and Nemeth presold thousands of units. He was confident they would be ready for shipping soon. But a series of technical issues delayed the WakeMate's release for nearly a year. Read More
In November 2009, an anonymous solitary entrepreneur hacked together a service that randomly paired up strangers in video chats. The phenomenon, known as Chatroulette, was bizarre, often sexually explicit, and always fascinating. Within a matter of months, Chatroulette had tens of thousands of daily users and was a media sensation in the U.S. What no one knew was that its founder was a 17-year-old video game aficionado named Andrey Ternovskiy, who lived with his parents in Moscow. Read More
For years, Garrett Camp ran StumbleUpon, a service for discovering and sharing webpages, part time while finishing his master's thesis at the University of Calgary. In 2007, within a year of moving the company to San Francisco, he sold it to eBay. In 2009, he organized an investor group to buy the company back. Read More
Demetrius Walker founded dN|Be Apparel with six friends from college in 2005. The company's shirts, featuring messages of black empowerment, became popular with hip-hop fans and have been worn by musicians such as Common and Wyclef Jean. They also drew the attention of Rhymefest, who won a Grammy for co-writing Kanye West's hit "Jesus Walks." After leaving his record label in 2009, the rapper approached Walker and his co-founders about starting their own music venture. Read More