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Sunday, May 17, 2015

How 4 brilliant young men quit their jobs or study later becoming billionaires

How 4 brilliant young men quit their jobs or study later becoming billionaires

Shahid Khan worked at the automotive manufacturing company Flex-N-Gate while attending the University of Illinois. When he graduated he was hired as engineering director for the company. In 1978, he left and with $13,000 in savings and a $50,000 loan from the Small Business Loan Corporation, he created the start-up Bumper Works. In 1980, by the time he was 28, he raised enough to buy Flex-N-Gate.

Elon Musk applied for a job at Netscape but was turned down. He later went to grad school as Stanford but two days into it, he went on deferment with the option to come back later. He started Zip2 with his brother and focused solely on it, while reducing his expenses to $30 a month for food. He rented an office, slept on the futon, and showered at the YMCA. In 1999, Zip2 was acquired by Compaq and Musk received $22 million from the sale.

Richard Branson dropped out of high school to start a magazine company called Student. He then started a mail-order record company called Virgin to help fund his magazine company.

Bill Gates dropped out of Harvard and started Microsoft with his friend Paul Allen, working on it full-time. They had been researching Intel’s 8080 microprocessor chip for a while, theorizing that computers with that chip would be affordable for the average person someday. When the Altair 8800 came out with Intel's 8080 chip, Gates and Allen knew it was time to make their move and start Microsoft and work on it full-time.

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