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Cheng Wei : The Founder of China’s Biggest Transport Network DiDi Dache

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China has been the home for many startups and innovators including Jack Ma, the founder of the biggest eCommerce giant Alibaba Group, and Lei Jun, the founder of Xiomi. Another tech innovator who hails from China is Cheng Wei, the founder of China’s biggest autonomous technology conglomerate, DiDi. Wei is one of the fastest grown CEO in China and is often counted among the top three most successful CEOs in China.

Cheng Wei was born on 19 May 1983, in the southeastern province of Jiangxi, in Shangrao, China. He completed a graduate degree in administration from the Beijing University of Chemical Technology, and after graduating, joined as the assistant of the head at a foot massage company. Soon he realized that this is not the job he always intended to do, and after working for a period of one year at the company applied for the job of a salesperson for the business-to-business e-commerce service at Alibaba.

Cheng Wei
Image Source: fortune

Joining Alibaba proved to be a good decision for Wei, and in the span of six years, he was promoted to various positions in the company. He became the sales manager for the north of China. After six years he was appointed as the deputy general manager at the online payment department, Alipay, in Alibaba, becoming the youngest regional manager in the company.

In 2012, Wei left Alibaba to found his own company Beijing Orange Technology Co, and the first service that he started under the name of the company was DiDi Dache, a transportation service, with an initial capital of worth 15 million dollars from the tech giant Tencent. This car-rental service was a result of his experience with the cabs, as he had missed many flights due to as he could not catch the cabs on time.

People could use the service through an app and get an immediate pickup. The app also included a feature that allowed the users to book the cabs for the next day.

In 2013, the company completed its Series B funding, followed by a series C funding in 2014. In the same year, DiDi Dache appointed the ex-Goldman Sachs Asia managing director, Jean Liu (Liu Qing), as the as COO of the company.

In February 2015, DiDi Dache merged with the other major mobile-based transportation network Kuaidi Dache, making DiDi Kuaidi, keeping the management separate. In July 2015, the company had fundraising, which made it the world’s first private company having completed the largest single fundraising round and raised a worth of US$2 billion.

The company provides hiring service for cars, bus, minibus, chauffeur service, car rental service, bike-sharing service and has got over 10,000 employees working for the company. In 2013, Uber entered China, but DiDi maintained the strongest hold on the transportation market in China. In September 2015, Didi Kuaidi rebranded itself as Didi Chuxing

According to Wei, Artificial Intelligence is the next big thing, and his company is working on the very technology to bring new ideas and technology to DiDi. In 2017, the company started expanding in the other parts of the world starting from Brazil. Also, the company has invested in the other car-rental services like Grab, Lyft, Ola, Uber, 99, Taxify and Careem. The company currently is serving 550 million users across over 400 cities.

Wei is known as a Nationalist and many times has been heard of addressing China’s history and military in his speeches at big conferences. In September 2015, he got the chance to join China’s leader Xi Jinping, to visit the U.S. and attend the 8th U.S.-China Internet Industry Forum (USCIIF) and become the youngest person to participate in the forum.

The employees of his company see him as the greatest leader who is confident and knows how to deal with every situation. Despite the big rivalry between Tencent and Alibaba, he has been able to maintain a calm relationship between the two investors of his company.

In 2015, he was named in the list of “40 under 40” for the Chinese Business Leaders by Fortune. And in the same year, he was at number 1 in the list of China’s “40 under 40” along with Jean Liu. In 2016, he was named Fortune’s Businessperson of the Year. In 2017, Time listed him among the 20 Most Influential People in Tech and was named one of the Global Game Changers by Forbes. In 2018 Forbes China named him among the 50 Most influential business leaders in China.

Sebastian Thrun : Father of Self-Driving Car & the Famous Educator who Founded Udacity

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Education is the biggest asset, but not everyone is able to get it due to many reasons like lack of money or resources. But to solve this problem, Sebastian Thrun, the famous educator, inventor, computer scientist and entrepreneur, took the initiative and founded Udacity. Many people might not be aware of this educational platform, but there are millions of people who actually have taken its advantage and have educated themselves. This online platform is providing academic as well as vocational educational courses to a global user base to help them get the best suitable job for them.

Early Life

Sebastian Thrun was born on 14 May 1967 in Solingen, West Germany to Winfried and Kristin Thrun. He completed a diploma in Computer Science, Economics and Medicine from the University of Hildesheim in 1988. In 1995, he received a PhD degree from the University of Bonn.

Thrun was always interested in robotics and automotive technologies. In 1994, he started working on the Rhino project under the guidance of his doctoral thesis advisor Armin B. Cremers.

Career

After completing his education, Thrun started working at the Carnegie Mellon University (CMU) as a research computer scientist. It was Thrun, who built the world’s first robotic tour guide along with his fellows at CMU, Wolfram Burgard and Dieter Fox, for the Deutsches Museum Bonn, in 1997. Another robot that he built was implanted at the Smithsonian’s National Museum of American History in Washington, DC, for a period of two weeks that guided over ten thousands of tourists.

sebastian thrun
Image Source: medium.com

In 1998, he was appointed as the assistant professor at the Robot Learning Laboratory of the university. Later, he co-founded a Master’s Program in Automated Learning and Discovery, along with the other faculty members. The course later became a PhD program for the students of CMU. At CMU he also built a humanoid interactive CMU/Pitt Nursebot and developed my mapping robots.

In 2003, he left CMU to join the Standford University as the associate professor and in 2004, he was promoted as the director of SAIL (Stanford Artificial Intelligence Laboratory). In 2005, he started working on a new robot Stanley and made an entry in the DARPA Grand Challange. His robot won the first price.

In 2007, he again participated in the DARPA Urban Challenge with his robot “Junior” and won the second prize. Later in the same year, Thrun along with many Standford University students joined Google as sabbatical and co-developed the Google Street View.

After working for a period of seven years at Standford, in 2011, Thrun left the job to join Google as a Google fellow. He then attained the post of VP at Google and worked at on development of the Google driverless car system. At Google, he also founded Google X, where he founded Google Glass. In late 2011, he was introduced to Artificial Intelligence at Google, which was the biggest influence for him to start Udacity.

Founding Udacity

In January 2012, Thrun founded Udacity with David Stavens and Mike Sokolsky, a MOOC website, where he would teach people about everything. He sent e-mails to his students and to the people who were known to him about the website and asked them to enrol for the courses. For his surprise, he received 160000 enrollments for a class on Introduction to Artificial Intelligence, and more people joined from out of Standford. There were students who had never been to college, few were single moms and even students from war zone areas like Afghanistan joined the class. The platform was free, and Thrun was offering the same education to people that a Standford University student was getting by paying $58000 per year.

The company received its first investment from the venture capital firm, Charles River Ventures, and Thrun put his personal money worth $200,000 into it. In October 2012, Andreessen Horowitz invested $15 million in Udacity. By 2014, the company was teaching 12 full courses and 26 free courseware to 1.6 million global users.

Udacity basically partners with Universities and MNCs, to prepare courses that can help the students prepare for the competition and get the right job. The platform provides proper grades and certifications to the students on the basis of their performance in the tests.

In 2005, Thrun was named among the ‘Brilliant 5 by Popular Science’. He has been also awarded the Max-Planck-Research Award (2011), the Inaugural AAAI Ed Feigenbaum Prize (2011), Global Thinker number 4 by Foreign Policy (2012), ALVA Award by 99U (2013), and number 17 Influential Educator, by Noodle (2014), etc.

He has also co-authored a book named ‘Probabilistic Robotics’ along with his long-term co-workers Dieter Fox and Wolfram Burgard, which is a best seller in the Japanese market.

David Welch : A Pioneer in the Field of Optical Devices & the Co-founder of Infinera

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Passion can not only help you discover new horizons, but it also leads you to the heights of success. In the past many years, we have been hearing about the discoveries that have been derived from passion, and today, are contributing to the world. One such passionate person is David Welch, an optical engineer, who is the pioneer in the field of optical devices and the co-founder of Infinera. David Welch started his journey as an optical engineer and ended up becoming an entrepreneur, who is also one of the famous contributors in the various sectors of science, engineering and technology.

Early Life

David Welch was born on 26 October 1960, in Washington, D.C. His father was in the navy and had also worked as an engineer at Westinghouse. David was inspired by his father and used to build small electronic equipment with him. He also built an electronic tic-tac-toe game for his science project while in school.

David Welch
Image Source: globenewswire.com

David completed his high school education from Severna Park High School in Severna Park, Maryland, and attended the University of Delaware where he pursued a bachelor’s degree in electrical engineering. During the freshman year in college, he played as the pitcher in his college baseball team. At the same time, he had applied for the naval academy to follow his father’s footsteps in career, but soon he realized that he is not much interested in navy. During his vacations, he used to take small jobs at companies that helped him to get involved in practical engineering works. One of his such jobs included a job at Aeronautical Radio, Inc. where he worked on radio technologies used in planes.

Later, in 1985, he joined Cornell University to earn a PhD degree in Electrical Engineering.

Career

As soon as David finished his PhD thesis, in 1984, he started giving interviews and finally, joined as the research scientist at SDL, in January 1985. Eventually, in the late 80’s he was appointed as the vice president of research in the company. In 1992, for his contribution to the optical science, David was awarded the Adolph Lomb Medal from the Optical Society of America. Throughout his seventeen years of career, he handled various important job titles at SDL including the chief technology officer and vice president for corporate development.

At the same time, he designed and developed the high power diffraction limited semiconductor lasers and was awarded the IEEE LEOS Engineering Achievement Award in 1998. Then in 1999, David received the OSA’s Joseph Fraunhofer and Robert M. Burley Award.

Founding Infinera

David met his future co-founders Jagdeep Singh and Drew Perkins at a 2000 Christmas party. The three had discussions on optics and bandwidths. Together they conceived the idea of starting a digital optical network and started working on the same.

In the year 2000, David founded Infinera as Zepton Networks, along with Jagdeep Singh and Drew Perkins. The company stayed underground until it produced its first product in 2004. The company is known for the production of WDM optical transmission equipment for the telecommunications service provider market. The company is also a pioneer in the design and manufacture of large scale photonic integrated circuits.

Within seven years of its inception, in 2007, Infinera went public on the NASDAQ raising a valuation worth $182 million. This was just the beginning, till now the company has registered over 300 patents in the field of optical transport and virtualization of optical bandwidth. Welch himself holds over 130 patents in the field of optics and has published over 250 articles on the same.

Personal Life

Welch married to Heidi Welch in 1993. The two have a daughter and two sons. Welch is one of the boards of directors of AntriaBio, Inc., which is a biopharmaceutical company. As of 2018, the estimated Net Worth of David F Welch is at least $11.5 Million.

Wang Xing : Chinese Billionaire Businessman & the Founder of Meituan

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A geek and a curious guy, this is how the Chinese people know, Wang Xing, the founder of Meituan, the biggest Chinese group buying website. Wang Xing is a serial entrepreneur who emerged as one of the successful businessmen in China, even after facing multiple failures and now, he has built the biggest online-to-offline market in China. Also known as ‘Big Brother Xing’, he has been giving its rival, Alibaba’s Ele.me, a tough competition.

Wang Xing was born on 18 February 1979, in Longyan, to a Chinese businessman Wang Miao, the owner of a cement factory located in the city of Longyan in Fujian. Wang Xing completed a bachelor’s degree in electronics engineering from Tsinghua University in 2001.

wang xing
Image Source: fortune.com

Having born into a business family, Xing was always into starting up his own business. Inspired by the success of Facebook in the U.S., he dropped out of the University of Delaware, where he was pursuing a PhD in computer engineering and started his first social network named Duoduoyou. The startup specifically targetted the students in the various university, but like many of other startups, it was unable to make the mark.

The second time, he started Youzitu, that was built to serve the Chinese students abroad. But again the startup got shut down. The next startup that Xing started was Xiaonei that he launched in 2005. This startup also targetted the Chinese students and was the first of his startups, to get thousands of registered users in a small time.

But yet again, Xing faced problems like financial issues in handling the company and had to sell it to InterActive Corp, for US$2 million, only after a year of its inception. InterActive Corp renamed the company to Renren, that later raised US$740 million, in its IPO in 2011.

Having earned enough money in the deal, Xing was able to perceive a new startup idea and launch another social media app, which actually was a micro-blogging app inspired by Twitter, named Fanfou. This time, the startup went very well and had gained over 2 million user base. But then, in 2009, Government ordered to shut down the social network as a result of violent discussions that took place over the platform about the Ürümqi riots. But eventually, after a small time gap, Xing re-opened Fanfou and is still an active participant on this platform.

Even having faced many failures in his past start-ups, Xing never became discouraged and pushed his limits even further. In 2010, he came up with his another startup, Meituan, a group buying a website for local food delivery services, consumer products and retail services. Xing received the initial funding of worth $12 million for the startup from Sequoia Capitals. This startup again was inspired by another US-based company named Groupon and sold discount vouchers on various services and deals.

The company is backed by Tencent and is one of the biggest on-demand services providing platforms. By the year 2014, the company had employed over 5,000 people, and in 2015, it had registered over 200 million users. The company operates in 2800 cities in China and has partnered with 400,000 local Chinese businesses.

On 8 October 2015, Meituan merged with a Chinese group buying site named Dianping, and the merger became Meituan Dianping. In January 2016, the company raised $3.3 billion worth of funding. Meituan Dianping went public on the Hong Kong Stock Exchange in 2018 at a price HK$69 per share.

Wang Xing has always stressed on enhancing the efficiency and in fact, has done the same in the past fifteen years. Currently, he serves Meituan Dianping as the chairman and is also the member of the board at Beijing Mobike Technology Co Ltd. He is an avid reader and also writes blogs on topics like entrepreneurship, philosophy, etc.

In 2018, Xing was at number 37 in the Forbes China Rich List 2018 and at number 379 in the Forbes Billionaires 2019 with an estimated worth $4.1 billion. He was also listed number three on the Forbes 2018 “40 under 40” list.

Rick Alden : The Visionary Genius & the Founder of Skullcandy

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A disruptive thinker and wildly unpredictable, the two terms can be associated with Rick Alden, the founder of Skullcandy, the American headphones manufacturing company. Alden is also known as a mad genius, who always believed in refinement and innovation. He wanted to create a product that was not owned by the user, but it could own the user.

Alden was born on 4 July 1964 in Baltimore, Maryland. Rick loved snowboarding and wanted to pursue a career in the same. He attended the University of Colorado Boulder, and while in college, he founded his first company National Snowboard Inc (NSI), along with co-founder Jim Gardner, in 1986. The company was an event management firm that hosted the consumer and pro-snowboarding events nationwide.

rick alden
Image Source: kcpw.org

Later, he moved the headquarter of NSI to Denver and migrated to the University of Colorado Denver, where he pursued a Bachelor’s degree in political science.

The next business venture that Rick founded was Device Manufacturing, which he founded along with the veteran snowboarder Brett Conrad and produced the step-in snowboard boot and binding system.

In the late 90s, the snowboarding was becoming more popular, and Rick himself was an active snowboarder. Rick liked to listen to music at high bass while snowboarding and knew that others also loved to do the same. But the chunky headphones never provided him with the experience he always expected for. This led Rick to think about a new business idea, i.e. a company that would produce headphones, especially for snowboarders and skateboarders.

In 2003, Rick founded Skullcandy and started manufacturing headphones for snowboarders. Skullcandy launched its first product, the Skullcandy Portable LINK Consumer Electronic Show (CES) in Las Vegas in 2003.

After the launch, he went out to market all the Skullcandy products directly to the snowboarding and skateboarding shops. In the beginning, pitching to those shop owners was not that easy, but slowly they got convinced and started selling the headphones at their shops. In fact, Rick offered those owners to buy back the headphones himself, if they did not find any customer for them. But the innovative product never brought such a situation and received much appreciation from its consumers.

In the following years, Rick pitched the idea of putting the speakers into the helmets to Giro, one of the most popular snowboards and ski helmets producers. The company liked the idea. Rick also convinced Giro to print the tag line “Powered by Skullcandy” on the packaging.

In 2007, Rick approached Best Buy, Target, and Circuit City to get picked for the Q4. All the three companies were impressed by him and placed immediate orders with Skullcandy. Rick never expected to get picked by all the three and did not have enough expertise to complete the orders within time. But then, he decided to visit China to figure out better ways to increase the company’s tooling cavities, and the plan worked. Rick completed the orders within the given time, and it was the biggest turning point for Skullcandy.

In 2008, the company rolled out all its products in all the retail stores. Bored of old chunky headphones, Rick manufactured more colourful and designer headphones and earbuds for Skullcandy consumers.

In the December edition of Forbes magazine, the Skullcandy earbuds were introduced as “the world’s coolest ear bud”. In 2011, the company acquired another headphones manufacturing company, Astro Studios. In the same year, the company filed for its first IPO with the Securities and Exchange Commission.

In 2016, Skullcandy was acquired by Mill Road Capital for $196.9 million at $6.35 per share.

Rick Alden has been issued the patents for inventing technology to integrates mobile phones and music players, known as LINK, and designing the Orvis Batternkill Large Arbor Fly Fishing Reel.

The Inc Magazine ranked Alden at number 31 in the Inc 5000 Award for Skullcandy’s three-year (2004–2007) growth. He was also named “Entrepreneur’s Entrepreneur of the Year” in 2009.

Trip Hawkins : Silicon Valley Entrepreneur & the Founder of the Gaming Pioneer Electronic Arts

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“I’ve never been content with a straightforward job,” says Trip Hawkins, the American entrepreneur and the founder of startups like Electronic Arts, The 3DO Company, and Digital Chocolate. This may be the reason how a person who was once handling one of the most successful video game companies (EA), left it to pursue a new challenge of running a startup (3DO) all over again. Trip Hawkins, who has registered his name as the eighth person into the ‘Academy of Interactive Arts and Sciences’ Hall of Fame for his contribution to the video game industry, believes that if one wants to succeed in life, he has to be ready to fail first.

Hawkins was born as William Murray Hawkins III on 28 December 1953, in Pasadena, California, U.S. He was a bright student and a video game lover. According to Hawkins, every time he played video games, it switched on his brain. Therefore, eventually, it became his passion.

trip-hawkins
Image Source: playworks.org

After completing his high school education from a local school, he entered Harvard University. Interestingly, here he majored and graduated in a self-designed course, Strategy and Applied Game Theory.

As soon as he completed his college, he joined Apple Inc. as the Director of Product Marketing in 1978. He was one of the first fifty employees of Apple. During this time, the company saw its first most successful years and also filed for its first IPO in 1982. The company also registered its name among the Fortune 500 companies and increased the number of employees to one thousand people.

In 1982, Hawkins decided to start his own financing venture named Amazin’ Software and met Don Valentine of Sequoia Capital to talk about the plan and raise funds for it. On the advice of Valentine, Hawkins left his job at Apple and shifted to a Sequoia office for his startup. On 27 May 1982, Hawkins started Amazin’ Software investing US$200,000 from his personal savings.

At the same time, he started working on his next startup Electronic Arts and hired a few ex-fellow colleagues from Apple. By November 1982, the company had hired over eleven people, and it was relocated to San Mateo.

Hawkins incorporated Electronic Arts on May 27, 1982. In the beginning, the company functioned with name Amazin’ Software, but most of the employees did not like the name and suggested for SoftArt, but eventually, ended up naming the company Electronic Arts. The company started building video games, and their marketing strategy included dealing with retailers directly. It was a great marketing move, and the company started running successfully.

Hawkins has always called the developers artists, and that is why the company name includes Arts in it. The next different thing that he chose to do in marketing was to give photo credit to his game developers on the game covers. In fact, the company released its first ever video game ad featuring the developers in it.

In 1987, EA released its first internally developed game named Skate or Die. The mega-hits from EA are Madden NFL, The Sims and Rock Band. In the early 1990s, the company started producing console games for the Nintendo Entertainment System.

In 1991, Trip Hawkins stepped down as EA’s CEO, after successfully leading the company for 12 years, to found another startup named 3DO. Currently, the company headquarter is located in Redwood City, California and Andrew Wilson heads it as the CEO.

3DO was a video game console company, which in 1993 released the most powerful and expensive gaming console of that time, costing US$599. Being at a higher price, the company failed to sell the gaming console, and eventually, stopped making them. Later in 1996, the company started producing video games that also failed to support the revenues, and it became bankrupt.

After shutting down 3DO, Hawkins went to found another video game company named Digital Chocolate, in 2003. The company produces video games for handheld devices. After serving the company as the CEO for over 9 years, Hawkins stepped down from the position in 2012.

In the same year, he joined the board of directors of Israeli technology company Extreme Reality, and in 2013 became the senior advisor to the board of directors of NativeX. He also joined the advisory board at Skillz, in 2014.

According to one of his interviews, when he was asked about if he was not an entrepreneur what would he be? He answered that he would have been a professor as he assumes himself a natural teacher.

In 2016, he joined the University of California as Professor of Practice in the Technology Management Program.