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Min-Liang Tan : The Lawyer, Turned Billionaire Gaming Tycoon

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Having your name ranked with leaders like Elon Musk and Jack Ma, in the Top 10 Most Influential Leaders in Tech, is a real achievement, and when you are a non-tech person, then it is huge. It’s the Singaporean entrepreneur, Min-Liang Tan, who got his name ranked ahead of these two tech savvies. Tan studied law and eventually, ended up starting up a tech company, i.e. Razer and became one of the most influential people in the Tech world. This billionaire from Singapore is in love with video games and shares an inspirational story with the world.

Early Life

Tan was born on 5 November 1977, in Singapore. His father, Tan Kim Lee, worked as a real estate consultant and his mother, Low Ken Yin, is a homemaker. He has three siblings, one of whom is the famous clinician-scientist Min-Han Tan. One of the other two is also a doctor, and one is a renowned lawyer.

He completed his primary education from Raffles Institution, and then, attended the Hwa Chong Junior College, to pursue high school education. Later, he went to join National University of Singapore Faculty of Law and received a bachelor’s and master’s degree in Law. He got ranked 20 in his master’s degree.

Early Career & Founding Razer

As soon as he completed his education, Tan started working as an advocate and solicitor for the Supreme Court of Singapore. But the future had held some other plans for him.

Tan, since his childhood, loved playing video games, as he was not much into outdoor games. His father had brought an Apple II computer, for him and his brother, upon which he played lots of games.

Image Source: alchetron.com

The idea of starting a video gaming peripheral manufacturing company came up to Tan, when he met the future co-founder of Razer, Robert Krakoff, through a social media website, in 1999. The two coincided on their interest for video games and started working together to design the world’s first gaming mouse – the “Razer Boomslang,” when Tan was still in college. Even, after graduating in 2002, along with his job as an advocate, he devoted most of the time on working for Razer.

Finally, in 2005, the two acquired the rights to the Razer brand and Founded the company Razer. The two headquarters of Razer are located at San Francisco and Singapore. Tan holds the post of the CEO of the company.

The company produces the peripherals for gamers, and the software for those peripherals, but does not publish games. The motto of the company is “For Gamers. By Gamers”, as both of the co-founders are avid video game lovers.

As one of the first products of Razer, the Razer Boomslang was more responsive, accurate, and faster than what tech companies were producing at that time, it attracted the attention of many venture capitalists. The company started obtaining funding from many investors, and it started manufacturing other gaming hardware, including headsets, a handheld gaming device, the Razer Edge gaming tablet computer and Razer Blade laptops, etc.

In 2015, Razer acquired software division of video-game company Ouya. It also acquired THX in 2016 and Nextbit in 2017.

In 2017, the company went public through an IPO in Hong Kong and was the 2nd most successful IPO of 2017 in Hong Kong stock exchange. In November 2017, the company launched its first Smartphone named Razer Phone.

Personal Life

Tan, currently, lives in Singapore in his family house with his parents. However, he keeps travelling back and forth from Singapore to San Francisco. Tan despite being an owner of a gaming hardware manufacturing company lives a life of a celebrity as many of Singapore people consider him as their idol. People get tattoos of the company logo, and one of them even tattooed Tan’s face on his arm.

In 2015, Tan was listed among the “Top 10 Most Influential Leaders in Tech” by Juniper Research. He was also named in the list of “The 25 Most Creative People in Tech” by Business Insider and was ranked one of the top 40 most powerful people in gaming by Kotaku. TechinAsia ranked him No 1 of the 30 top South East Asia tech founders and was also named the Asian of the Year in 2016 by the Straits Times.

In 2016, he was among the Forbes Singapore Rich List with a net worth of $600 million and was the youngest Singaporean self-made billionaire.

Tan is also in philanthropy and in 2014, he donated a US$10,000 to raise funds for ALS and a £10,000 to fight Motor Neuron Disease, in 2015.

Warby Parker : The Story of the Most Innovative Startup of America

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Buying goods online is the most convenient way to get things delivered to your doorstep. At present, there is almost nothing that you can’t buy online. Food, grocery, clothes and air tickets, you can get all these things just in a few clicks. Although almost ten years ago, there were limited things that you could order online, slowly the list got enhanced. One such thing that added to the list of the online available items was the customized eyewear, that was introduced by the famous Warby Parker.

The online merchandise was founded by Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider, four students from Wharton, in 2010. The company was founded in Philadelphia and its headquarter is located in New York City.

Image Source: pinterest.com

It was the time when the four friends were sitting in their college lab and discussing how and why the eyewear was so expensive, and there came up the idea of launching a website to sell eyeglasses online. All four of them were convinced that it will be really convenient for people to buy eyewear online. They also discussed the idea with their teachers and got motivated when they too liked the idea.

At the same time, their college hosted an event, the Venture Initiation Program, that was organised to grant money to the new businesses. Luckily, the four got the grant. The grant was worth $2500 which played as the seed money for the launch of Warby Parker.

The four launched Warby Parker after they went through a one-month marketing training. The name for the company came from a journal by author Jack Kerouac.

At the time Warby Parker was launched, the eyewear industry was already dominated by other big company named Luxottica. Luxottica sold the most stylish eyewear at that time and had every brand available at its stores. The problem with the company was that it was selling every brand, but was putting a big price on it.

It was a golden opportunity for Warby Parker, as it was an online store and was letting customers try on five pairs at their homes. The products sold on the site was also affordable, with a starting range of $95.

According to co-founder of Warby Parker, Gilboa, “The idea was really based on two simple premises. One is that a pair of glasses should not cost more than an iPhone, and two, that eyeglasses could effectively be sold online.”

The idea was unique and was providing people with affordable eyewear sitting at their homes. Within a year of its launch, Vogue covered the story. This helped the company with its marketing.

Later, in 2011, the company earned its first round of funding of worth $2.5 million. In the month of September, in the same year, it raised a Series A round funding of $12.5 million, following by a $37 million Series B round funding in the next year. In 2013, American Express and Mickey Drexler invested a $4 million in Webly Parker.

In 2011, the company had sold over 10,000 pairs of eyeglasses, and the company grew to 60 employees.

Next business move that the company took was to launch a physical store. In 2013, Warby Parker launched its first pop-up shop with the name ‘Holiday Spectacle Bazaar’ in a garage in SoHo, New York. Going offline from online was considered a crazy move by many, but it only raised the popularity of the company. Later, they also opened another shop in a school bus, which functioned for a long 18 months.

Now, the company has its physical stores in over 15 different cities. In 2015, the company was valued at $1.2 billion.

Then in 2016, following the footstep of its rival Luxottica, Warby Parker announced to launch its own optical lab in Rockland County, New York, to have its own manufacturing, in order to bypass the middlemen expenses. The company also announced that it would invest $16 million, to build the 34,000-square-foot manufacturing unit, and will employ over 130 people.

In 2018, Warby Parker raised $75 million in Series E funding, making its total funding about $300 million.

The Warby Parker also contributes in the philanthropic works, as it donates a pair of glasses on every pair of glasses sold by the company, under the “buy one, give one” model. In June 2014, Warby Parker reported the donation of 1,000,000 pairs of eyeglasses. The company also claims to be 100% carbon neutral.

The success story of Warby Parker is no less than any other inspiring story. From the story, we learn the importance of people, as the reason behind the success of this company was that it focussed on its customers and their needs.

Todd McKinnon : The Founder of Okta, a Company that Specializes in Enterprise Security

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Taking risks, is what most of the people are afraid of, especially, when they are running in their late 30s. At the time when people are earning enough money by working under someone else, it was Todd McKinnon, who wanted to pursue his childhood dream of becoming an entrepreneur. Even he was heading a team of more than a hundred employees in his last company and was earning an adequate amount of money to survive in a place like Silicon Valley, he decided to leave the job and just work for his dream. Having years of experience and a great vision, today, he is the founder of a billion dollars company, Okta.

Early Life

McKinnon was born in Southern California and grew up in its bay area. His father was a VP of HR, who worked for various different companies, and his mother was a homemaker.

He completed his under graduation from Brigham Young University, and later, went to the California Polytechnic State University, where he completed a degree in computer science.

Career

McKinnon finds himself lucky, to be born and brought up in the capital of technology. Being a native of Silicon Valley, since his childhood, he was convinced that he would work for an IT company in Silicon Valley.

ToddMcKinnon
Image Source: sbnonline.com

During his graduation, he got recruited by PeopleSoft, in the campus placement, in 1995. At the time, he was building a database application for the recreation department on campus. Co-incidently, the recruiter from PeopleSoft was also working on a similar project and liked Mckinnon’s work and recruited him.

McKinnon was hired as an engineer in the company and received multiple promotions in the span of eight years.

After working for eight long years in PeopleSoft, in 2003, McKinnon left the job and started working at SalesForce. In 2009, he left SalesForce to start his own company, i.e. Okta.

Founding Okta

Besides the dream of working in a Silicon Valley company, McKinnon was also fascinated with the idea of starting his own business. The reason he gives for not starting a business earlier is that he always had good jobs in hand, and those were helpful in gaining good business experience.

In SalesForce, he was managing over hundreds of employees, and he had got a good reputation. He decided that it was the right time to start a business, as he was financially and mentally capable of doing that at the time.

At the same time, people got introduced to the cloud, and not many were sure how long it is going to last. But McKinnon saw an opportunity in the same. He started off developing with a macro product, and when he went out to talk and sell the product to people, he realized there was much more to the cloud, and finally, started working on identity management on the cloud.

McKinnon pitched the idea in over 75 meetings in a span of four to five months. He also asked a former SalesForce colleague, Freddy Kerrest, to join him for the startup, and finally, after seven months of hard, work was able to raise a million dollars seed funding to start the business and founded Okta in 2009. Okta provides cloud software that helps companies manage their employees’ passwords, by providing a “single sign-on” experience.

The company earned its first paying client, in December 2009. In 2015, the company was valued at $1.2 billion and raised $75 million in venture capital from Andreessen Horowitz, Greylock Partners and Sequoia Capital.

In 2017, the company went public, and in its IPO it raised $187 million. Okta has its offices in Bellevue, Toronto, London, Amsterdam, Sydney, San Jose and Washington D.C., and its headquarter is located in San Fransisco. In January 2019, the company reported a number of 100 million registered users on Okta and the company valued at over $7 billion.

Personal Life

McKinnon is married and has two children. He lives with his family in San Francisco. He is a fitness freak, and in 2017, he was named as the 14th fittest man on earth in the age group of 45-to-49, in the annual CrossFit Games, held in Madison, Wisconsin. Currently, he serves as the CEO of Okta.

Daniel Borel : Swiss Entrepreneur & Co-founder of Logitech

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In any business, you must keep an eye on the upcoming opportunities and grab it as soon as it shows up. In business, the success comes to those, who keep the courage of doing the same thing in a different way. One of such business personality from Switzerland is Daniel Borel, who always knew that he wanted to do something big and that big thing resulted in a multimillion tech company, i.e. Logitech.

It was Borel’s capability to see in the future such that he was sure that starting a business of mice manufacturing, that was just arrived in the market and could be a risky one, surely will lead him to success. Today, Logitech is not only world’s largest mice manufacturing company, but it also supplies other products including remote controls, security cameras, keyboards, webcams, speakers, B2B video conferencing equipment, computer accessories, gaming products, etc. at a global level.

Early Life

Born, on 14 February 1950, Daniel Borel is a native of Switzerland. In 1973, he completed his graduation in Physics from Ecole Polytechnique Federale de Lausanne. Even being a physicist, he wanted to do something else, so he switched to computing and in 1977, did his masters in computer science from Stanford University.

Early Career & Founding Logitech

After his post-graduation, Borel moved to the Silicon Valley. It was a huge culture shock for him, as people were working on innovative ideas and the technology was changing at a rapid rate. This inspired him a lot, and he along with, Pierluigi Zappacosta, one of his friends from Stanford University, started working on word processing.

Borel Logitech
Image Source: itreseller.ch

The two were doing quite well in both software and hardware, and at the same time, they started Logitech. They started the company in a farm of Borel’s father-in-law in Apples, Vaud, Switzerland in 1981, along with a former Olivetti engineer, Giacomo Marini.

At the time, around the early 80s, the computer mouse had just arrived in the market along with the personal computer. Borel found an opportunity in the same, and as he was already in contact with big companies like Apple and HP, he decided to manufacture mice for those companies.

Borel, as already had made plans on manufacturing computer mice and its software interface, visited Taiwan and China, to look for companies that could help him manufacture them. At the time, Microsoft also had started using the mouse for its word processor.

Logitech was successful in developing mice for the personal computers, along with a software interface, and approached Microsoft in order to sell those mice to it. Microsoft also showed an interest, but the deal never happened. At last, Borel had to adopt another marketing technique. He published coupons along with an ad in the Byte magazine, where he offered a price as low as $100 for the Logitech mouse when others were selling the same at $170.

The marketing technique went quite well, and Logitech was showered with orders. Since then, the company is growing at a rapid rate and has developed many other products under its name.

In the year 2008, Logitech reported the manufacturing of over one billion mice since 1985. In the same year, the company acquired Ultimate Ears, a supplier of Bluetooth speakers and custom in-ear monitors for professional musicians. In 2011, it also acquired the mobile visual communications provider, Mirial and in 2017, it acquired Astro Gaming.

As of 2018, the reported revenue for the year was US$2.57 billion, and a number of its worldwide employees have grown to 7000 people since its inception. The the two of its headquarters are established in Lausanne, Switzerland and Newark, California, USA.

Personal Life

Borel worked as the chairman of the company between 1982 to 2008, and as the CEO of the company from 1982 to 1988 and 1992 to 1998. Currently, he serves on the board of directors of Logitech and Nestlé. He has also founded Defitech, a foundation to make computer technology for handicapped people, where he also serves on the board of the company.

Jack Wong : CEO & Founder of Meizu; A company Making ‘The’ Futuristic Phones

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The race about whom beats who, in the Smartphone industry is on since over a decade now, and there seem to be mixed answers about who, actually, is the best. As of now, there stands a number of companies that are delivering their best services, to increase their consumer base. Though Google, Apple and One Plus are some of the companies which are at the focus of the limelight, there are some other companies which are equally good and deliver the newest of the technologies remaining underground. There is no doubt that these companies provide cost-effective services and are efficient in their work. Meizu is one such company, that is beyond this era and is delivering future based phones. The founder and the CEO of the company, Jack Wong, shares a story that glorifies the fact that success doesn’t need a degree.

Jack was born on February 13, 1976, in Meixian, Meizhou, Guangdong Province in China. Since his childhood, Jack was very much into electronics and electronic devices. He was 16 when he got expelled from high school. So, due to this reason, he could not attend college and doesn’t have a degree.

Jack Wong
Image Source: mgp.ca

Jack started working as a pier porter but was not satisfied with his job, because he wanted to work in the electronics industry. With this mindset, Jack moved to Shenzhen, the hub to electronics at that time. Starting from there, he, joined as the General Manager at ‘Argean’. The company focused on manufacturing speakers and MP3 players. Jack looked forward to innovative products and induced the systems with high battery and more storages.

It was mid-2002 when he decided to leave Argean, because of the divergences within the company, which made the environment unhealthy. He, at that time, had gained plenty of experiences in making music devices. At the end of 2002, Jack decided to invest 100,000 RMB to start a new company, naming it ‘Meizu’.

The first product of the company was the MP3 players. The company focused on the quality of work, rather than on the design. The M6 player series had immense quality but had a poor design. But they soon realized the importance of design and started working on it, to raise their level for the competition.

Jack, being the CEO, wanted to bring more success to the company. The experience that he had, he applied it all in the company’s working, that gained him notable sales in 2006, which was recorded to be more than 10 billion Yuan. Meizu stepped up in the game when they launched their first smartphone, Meizu M8. The phone had a touch screen of 3.4”, Windows CE 6.0 OS, and a RAM of 256 MB.

It was not until three years when they launched their next device, and this time, the device was based on Android OS, i.e. Android 2.3, with a 3.5” screen and QHD resolution.

Since then, the Meizu phones have become very popular based on their quality. It has rivalled many of the top-notch devices having lost and won the races. In recent times, the company has launched Meizu ‘Zero’ which has become the first ever smartphone device with no physical buttons. These phones are pressure sensitive and come with a wireless charger, having no volume and power buttons. The device hails no sim tray, which also, makes ‘Meizu’ the first company to introduce the concept of ‘E-sim’. The international availability of those phones, though is not confirmed yet.

“Jack prefers to be less sociable. He hasn’t given a single interview since entering the industry,” one of his co-workers said. However, Jack runs a Meizu forum, as the company is a user feedback based company and involve all the requirements that users wish to see in their devices.

Jack Wong, also known as Huang Zhang, like other successful drop-out entrepreneurs, has demonstrated another example to us that we don’t need any kind of professional qualification to put ourselves forth and prove ourselves. Knowledge comes from experience, and acquiring it can only be possible if you show the true passion towards it. Jack, gives this world the media and the ability to feel what the future may look like, by putting it in your own hands.

William Tanuwijaya : The Founder of First Indonesian Unicorn Startup Tokopedia

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There are many rags to rich stories that have been inspiring us. The story of this Indonesian entrepreneur, William Tanuwijaya, is kind of similar to those stories, expect it was not entirely based on good luck, but included lots and lots of hard work. Being born in a middle-class family, and having faced many struggles in life, Tanujania wanted to achieve something better in life, and he knew that without hard work, achieving his goals was impossible.

Early Life

Tanuwijaya was born on 11 November 1981, in Pematang Siantar, North Sumatra. He belonged to a middle-class family. He completed his school education from a local public school.

For his further education, he applied in the Universitas Bina Nusantara (Binus) Jakarta and later, got accepted for the degree course in Informatics. As he belonged to a family with an average income, he decided to work as a part-timer to support his education. He even did a 9 pm to 9 am job, at Warnet, to earn extra money. He graduated from the University as a software engineer in 2003.

Career

William
Image Source: tokyo.slush.org

Being a software engineer, like any other IT graduate, Tanuwijaya also wanted to work with big companies like Google. But since there was no Google branch in Jakarta, he started off his career as a software developer with a medium scale software company in Jakarta. He worked in the same profile with companies like TelkomSigma and Sqiva Sistem.

Gained much experience as a software developer, he shifted his interest in video games development and started working with Bolehnet. Later, in 2006, he joined Indocom Mediatama as the IT and Business Development Manager.

Founding Tokopedia

With an experience of over four years, Tanuwijaya gained enough confidence to start a new business for himself. In 2007, he started working on Tokopedia and called up his friend Leontinus Alpha Edison to work on the same, who later, became the co-founder of the company. The concept behind the startup was to create a platform, where Indonesian buyers and sellers could connect for free.

The basic plan to build this eCommerce platform was ready, but there were no investors who could help the startup to be launched immediately. At the time there were no IT-specific investors in Jakarta. So Tanuwijaya started pitching his plan in front of local investors. At the same time, his father was diagnosed with Cancer, so his plan of launching the platform in 2007, got delayed coming next two years, as the sole responsibility of his family had come on to his shoulders.

The first person Tanuwijaya approached for the funding was his boss from his previous company. His boss liked the idea and helped him to approach more people. Since Tanuwijaya did not belong to a business family, many of the people doubted his ability to handle such a big idea.

It took him two years to raise the required funding to start his business, and finally, on February 6, 2009, he launched Tokopedia. Tokopedia received its initial seed funding worth IDR 2.5 billion from PT Indonusa Dwitama. In the following three years, the company was able to get funding from global venture capitals like East Ventures, CyberAgent Ventures, NetPrice, and SoftBank Ventures Korea, etc.

In 2014, Tokopedia became the first technology company to receive a US$100 million investment from Sequoia Capital and SoftBank, in Southeast Asia.

Tokopedia is Indonesia’s first company that has grown too fast. In 2015, the company reported having more than 4.9 million active product listings, and in 2018, it recorded over 80 million monthly active users and over 4 million merchants registered on the platform.

The company also received a USD $1.1 Billion in funding from Alibaba Group in 2017. In the same year, the company became a Unicorn startup having a valuation above 1 billion US dollars.

Personal Life

William got married to Felicia H.W. on November 28, 2015. Currently, Tanuwijaya is heading the company as the CEO. Establishing Tokopedia as the biggest marketplace in Indonesia, he has become one of the richest people of Indonesia, having an estimated worth of 130 million US Dollars.