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Nir Zuk : The Founder of Palo Alto Networks, the American Cybersecurity Company

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Another college drop-out and one of the most successful tech entrepreneur, Nir Zuk, always had a dream of starting his own business. It can be judged through his career graph that he likes to handle things on his own rather than following the order of some superior authority. This genius kid from Israel is a serial entrepreneur, who is really allergic to bureaucracy. The founder of Palo Alto Networks is happy in running a small business than working for a multimillion company.

Early Life

Zuk was born and brought up in Rehovot, Israel. He was in high school when he convinced his parents to buy him a Dragon 64 computer, as a few years ago, one of his friends has also got one. He started learning computer programming by reading books and was capable enough to write small codes, only in a year.

zuk_nir
Image Source: crn.com

When he was sixteen, he started writing commercial programs and earned enough money. At the same time, the first computer viruses very emerging, which caught Zuk’s attention immediately, and he became of the first persons who wrote one of the earliest virus programs.

According to the rule of the Israeli government, Zuk had to go through military training. But as he was a whiz kid, he got a job in the military’s IT department. Alongside his job in the military, he started going to college, where he took mathematics as his majors.

Career

Zuk spent a whole five years in the military, and before he could complete his degree, on the basis of his experience, he was recruited by Checkpoint, in 1994. Here he became the part of the team that was handling a major project and along with them, invented a technology called stateful inspection, which is the basis of network security technology today.

In 1997, Zuk moved to the US, to work at the U.S. head office of CheckPoint in Redwood City, California. After moving to the US, he worked with the same company for two more years and left the job.

Soon after leaving Checkpoint, Zuk went on to found his own startup company OneSecure, in 1999 and started working on the intrusion prevention system that sits behind the firewall, to make sure that the traffic passing the firewall is attack free. The system is the first of its kind.

In 2002, OneSecure was acquired by NetScreen. Even after the acquisition, Zuk retained his position of CTO in the company. Being in the company, Zuk had adviced NetScreen, to build their own firewall, such that it would be more profitable for them, but NetScreen was not ready to take the risk. Hence, after a year, Zuk left the company, to found his own company, and to build its own firewall.

Founding Palo Alto Networks

In 2005, Zuk, after teaming up with 25 of his colleagues from NetScreen, founded Palo Alto Networks. He had raised a total amount of $9.4 million for the startup. Within two years of the inception of the company, in 2007, it released its first firewall product, which was the world’s first “next-generation firewall”.

By 2011, Palo Alto Networks had become one of the most prominent cybersecurity firms and was listed as a leader on its enterprise firewall Magic Quadrant by Gartner. The company went public on the NYSE on July 20, 2012, having raised $260 million with its initial public offering.

In 2014, along with Fortinet, Mcafee, and Symantec, Palo Alto Networks founded the Cyber Threat Alliance, a not-for-profit organization for improving cybersecurity.

The revenue earned by the company in 2018, was estimated to be over US$2.27 billion. Currently, it is providing its service in the field of network security, cybersecurity, cloud computing. The company has got its headquarters situated in Santa Clara, California, U.S.

Tim Norton : The Kiwi Serial Entrepreneur & Founder of 90 Seconds

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Startups these days have certainly become a trend. Several good ideas are revolving around the investors to get their initial fundings. Many of which are successful in receiving the same, but happens to the ones who are not able to get one and end up with failure? Surely owner of those idea gets disheartened and drop their plan of startup.

But when you are really talented and have helped many other companies with their businesses, you get the confidence to start your own a hundred times even if you have failed multiple times.

The New Zealander self-made entrepreneur, Tim Norton, is one such personality, who kept on working on his ideas and built multiple startups until he founded 90 Seconds.

Early Career

Tim Norton, the serial entrepreneur, is a native of New Zealand, often described as the Steve Jobs of New Zealand. He was born and brought up in Matamata, a town in New Zealand’s North Island. He completed his graduate degree in commerce from the University of Canterbury, in 1999.

Tim Norton
Image Source: Twitter

Soon after he graduated, Tim started working at Energy Intellect Ltd. as the Product & Growth Manager and led many projects there. With his leadership quality, Norton was able to raise $1 million revenue within first 12 months of his entry in the company. Later in the same company, he also handled the post of IT systems administrator and managed the development team. He also successfully raised capital funding for the company.

Beginning of Entrepreneurship

After working for three long years in Energy Intellect, Norton left the job in May 2003. Having gained much experience as a leader, he thought of starting his own business. In the same year, in the month of July, he started his consultant firm Little Ones, where he managed projects for web application development companies.

Although the company was doing really well, he wanted to try out other businesses too. After Little Ones, he started another venture, EvolutionOne, that hosted many open source business apps on the cloud, to provide the various organisations with a single platform, where they could manage their business online.

After these two startups, Norton went to found a few other startups, too, including Decisive Flow, StartupMedia, Airspace and Love to Ride.

Although, not all of his startups succeded, and he ended up borrowing up to a million dollars of debt.

Founding 90 Seconds

In 2010, Norton founded his most successful startup, 90 Seconds Limited, the Cloud Video Production Service. At the time, he was still under a huge debt. In the beginning, Norton shot small videos for free and posted on the platform. He knew that people do not like to watch ads in between the videos and also avoided watching longer videos, so he selected a 90 seconds’ time frame for the videos to be uploaded on the platform, and from here only he discovered the name for his startup.

At the same time, Norton started travelling to various other countries to shoot videos on different topics and to promote his startup in other countries too. In the early stage of the inception of the company, 90 Seconds opened an office in London.

The startup was a huge success, and within one year of its launch, Norton was able to pull off all his debt.

In 2015, the company reported the production of over 10,000 videos for more than 1,000 brands, in 80 countries. The recorded growth rate of the company had reached to 10% month on month, in the same year.

In 2016, 90 Seconds raised a $7.5million funding from Sequoia Capital. At the same time, it also got investment from 40 other investment firms. By Feb 2016, 90Seconds had established offices in five countries and seven cities.

The life story of this Kiwi entrepreneur is really inspiring in terms of the failure he faced in some of his startups, and even then he kept on experimenting to find the one business that would transform his career entirely.

Pankhuri Shrivastava : The Founder of GrabHouse, the First Indian Broker Free House Hunting Platform

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Moving from one city to another or shifting your whole setup from one place to the other, within the city, is as painful as finding the perfect rental apartment in the required budget. In the cities, this painful work starts from going to different brokers offering various awful deals, and in the end, you have to pay a huge amount on brokerage too. Sometimes the place is good but is far from your workplace. Sometimes it has all the facilities but there is a shortage of water. Though many of the online platforms have sorted out this problem through many good deals, still, these platforms are not completely broker-free. Then there comes GrabHouse, which have been built to provide people with the broker-free services, such that to help them find the perfect apartment, as the founder of GrabHouse, Pankhuri Shrivastava, was also a victim of the same.

Early Life

Pankhuri was born and brought in Jhansi. She went to Rajiv Gandhi Technical University, Bhopal, to receive a B.Tech degree. After graduation, this young entrepreneur had two choices, completing higher education, or attending the two years fellowship program with Teach India. Pankhuri went with the fellowship program and started teaching in a municipal school in Mumbai.

Founding GrabHouse

The time Pankhuri was working with Teach India, she moved to Mumbai and her struggle to find the suitable shelter began. In three years of her living in Mumbai, she had moved from over five flats and had gone through bad brokers experiences.

Pankhri Shrivastva with Prateek Shukla
Image Source: officechai.com

This was the time when Pankhuri realised that there should be a better way to find a suitable home at a suitable price. As she had already paid hefty brokerage amount for the five flats, she had lived in before. She had got fed up of this conventional method of house hunting.

In the end, she came to the conclusion that someone has to create a better platform to avoid those hurdles during the home search, and that someone could be her. So, without waiting anymore, Pankhuri approached another fellow from Teach India fellowship Prateek Shukla, who is an IIT Kanpur pass out and the other co-founder of GrabHouse.

The two started working on the concept and launched GrabHouse, India’s first brokerage free house hunting portal, in 2013. But launching the startup was just not enough, the startup also needed the funding to move further. So the two co-founders participated in a boot camp, organised by India Quotient and the potential of their idea made the company reach to the top 10 companies, that would get the funding.

Finally, the company received its initial funding from India Quotient, and soon other investors were also approaching them. The company managed to raise $12million in Series A funding from Kalahari and Sequoia capital with the help of India Quotient, in 2015. As soon Pankhuri and Prateek started the development and coding process, they decided to move the company to Koramangala, Bangluru, where all other startup companies had established their headquarters.

Reaching out to house owners and heading up as a rival against the conventional broker-based house hunt, was the most challenging task. But yet again Pankhuri found the most convenient way. She used the various Facebook flat finding groups to reach out to people and expand the scope of Grab House.

In the span of two years the company grew to 11 cities and got enlisted among the top five house hunting web portals.

In November 2016, Online classifieds company Quikr acquired Grabhouse in an all-stock deal. Allegedly, Quikr paid a sum of $10 million for the start-up.

Personal Life

Pankhuri is an avid reader and also love writing blogs. Her fellowship with Teach India also turned her into a philanthropist.

Greg Tseng : The Co-Founder of Tagged, A Site Bringing People Together

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It has always been said that the human being is a social animal. And, that is because only humans are capable of interacting with its surroundings and other creatures around him. Humans are able to make friends, besides their families. But making new friends is something that is both challenging and difficult. But, there are many, who even have a problem in starting a conversation and find friends, with whom they are comfortable with. But, for making this challenging task simple enough, Greg Tseng built such a site, named ‘Tagged.com’, which allows you to see who’s around you.

Tagged.com can be defined as a social discovery site. A site where you can view, talk, share tags and also share virtual gifts with people around you. Tagged was launched in 2004, by Harvard masterminds Greg Tseng and Johann Scheiler-Smith, who were science class buddies since class 7th. They both wanted Tagged to be different from all other social networking sites out there, mainly from Facebook.

greg tseng
Image Source: gettyimages.com

To make their website stand out, apart from other, Greg and Johann targeted the audience of age group between 13 and 19. Hence, the site was set up for teens at first. The design and the concept were such that users could meet other people in a short period of time. In October 2006, Tagged expanded its user base. Now, the network was not just for teens only, it was open for all the age groups. The move went as it was planned. Tagged, eventually, saw an increase in the number of its user (at that time) by having more than 80 million users registered, and 7 billion views on the page per month.

But, Tagged also attracted some negative publicity towards itself. In 2009, Tagged was on the verge of getting sacked due to ‘deceptive email marketing and invasion of privacy’. In the same year, Time Magazine’s journalist Sean Gregory mentioned Tagged as the ‘The World’s Most Annoying Website!’ During that time period, Tagged paid an approximate of $1.4 million to settle down all the lawsuits that were against it, and soon after that, inherited new privacy policies.

After having a smooth sail for years, Tagged again started drawing criticisms from the users about the inappropriate content that was on the site. So, following the protocols, Tagged limited its services to users who were above 18, from February 2014.

Tagged has a simple sign-up process for a free account. A profile is built with all of the key features such as public profile and a display profile. Tagged shows you people around you in accordance with the similarity of interests which is surely a standout from Facebook which restricts you among the people you know. The site also has a gold membership which is VIP status with a monthly fee. The VIP membership, however, allows you to see who visited your profile.

The site also has games on it, which is Greg Tseng’s “hi5’s” work. He built this game studio during the development of the website. On the Tagged.com, people can collect pets (Other Users) and can share virtual gifts with each other.

Alongside this, Greg also developed flyingchickens.com and CrushLink. In 2015, he stepped down as the CEO of the company. “I initiated it and it’s happening the way I want”, he said, when asked about why he was leaving the post. Tagged has projected more than $45 million in revenues, and seek a $1 billion valuation IPO. The company also changed its name to If(we). Greg’s own net worth is around $25 million.

The story of Greg Tseng shows that to stand apart, you must have new ideas and also, that handing responsibilities to others after a certain period of time is required, so as to keep rolling new ideas and innovations. The ex-CEO of Tagged is someone to learn from.

Paul Forster : The Man On The Job To Provide You Jobs

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In this era, jobs are hard to find. Also, job hunting stands as a headache for a lot of working professionals, who want to change or start something new for the better. But every problem has its own solution, and when it comes to job hunting or searching, Indeed is there to find the ‘perfect job’ you seek.

Indeed is American employment search engine that works at a global level. In simpler words, you can refer to it as the ‘Google’ of job searching. Indeed was founded by Paul Forster and Rony Kahan, in November 2004, and Paul shares an interesting story about how he came forth with the idea of making the biggest job searching site of all time.

Paul Forster
Image Source: angel.co

Paul was born in Buckinghamshire, England. He did his M.Sc. from Oxford University, followed by an M.A. from Cambridge University, and an MBA from INSEAD. After completing his education, he started looking for a job and ended up working at many. It was his dream to start his own business and was not short of ideas, but wanted to work on something that troubled him the most. In 1988, he worked for International France Corporation, Washington, in the Human resources department. That’s when he realized that there was no job site that focused on providing jobs for the finance professionals.

He discussed this idea with his friend Rony Kahan. They both co-founded Jobsinthemoney.com. It did not take long when the site became a great hit because it, specifically, looked upon the ‘finance department’ of the industry. Jobsinthemoney was bought by eFinancialCareers which is a British Job site.

The next thing that Paul wanted to do was to start a new business. Soon after, with all the creative ideas and knowledge in his head, in November 2004, he launched ‘Indeed’, the first job search engine. In 2005, Indeed launched a beta version of pay-per-click job advertisement network which was similar to that of Google’s idea in 2004. Its working is also very much similar to Google’s. The site drew investments of only $5 million from Union Square Venture, The New York Times and Allen & Company. Indeed is headquartered in Austin (Texas) and Stamford (Connecticut).

Once again, Paul’s idea became a hit as the company became profitable in 2007. Indeed was selected by ‘Time Magazine’ as one of the top 10 websites in 2007 and one of the best 50 websites by ‘PC World’. It also won Weddle’s Users’ Choice Award in 2008 and was named the best job hunting site by Job-hunt.org.

The website’s working is done by aggregating job listings from thousands of websites, job boards, staffing firms, associations and company career pages. The site indexes your content for free but if an employer would want to come up on the searches on the site, Indeed takes a specific amount of payment. It also attracts more traffic to the company site which stands fruitful for both Indeed and the employer company.

Paul, when asked in an interview about “what tool Indeed is”, replied, “We want job seekers to find exactly the right jobs that fit their skills and interests. Our proprietary search algorithm is very effective at doing this with just a few keywords and the location of the job seeker. Users may refine their searches by job title, company name, location and other criteria; and more sophisticated users may conduct advanced queries. Job seekers can easily save their searches by email alert or RSS feed to receive new jobs matching their criteria. They can also set up a ‘My Indeed Account’ to track their job searches. This allows them to save jobs, add notes to jobs and manage their job alerts. These are great ways for both active and passive candidates to track and apply for jobs they are interested in.”

In 2012, the company who ran on just a $5 million funding was sold to Japan’s Recruit Co. Ltd., by the cost of nearly between $750 million to $1 billion, which came as a surprise. The company contributes more than 94% in GDP. The yearly revenues vary between $2 to $5 billion.

The site surpassed Monster.com in traffic job website. As of now, Indeed is the number 1 job site, with more than 250 million visits per month. The site is working in 60 countries and runs in 28 languages. There is a total of 120 million resumes and more than 100 million ratings in and about the site. An approximate of 10 jobs are added per second globally. Indeed has more than 7400 worldwide employees. The site holds the account for more than 500 million salaries which are the greatest number for any industry.

Paul stepped down from the position of CEO of the company in 2012, and at present, is a senior advisor in the company itself. He keeps on investing in technology products and startups that match the meet of the future.

The story of Indeed and Paul Forster is something that tells us that sometimes, the problem itself has the solution which can be easily found if one thinks with a calm and composed mind. Paul Forster, Founder of Indeed, indeed created a site that helps you in the biggest aspects of your life, i.e. job hunting, making it easier with the simplicity and transparency it holds.

Brian Armstrong : The Nerd Who Co-founded Coinbase; the Future “Google” of Crypto

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It is rare to find a single person with a technical background who also has a great sense of business. Such a person is capable of building a robust business model that will pay off really well and sustain in the changing technology and business needs. Brian Armstrong, a nerd from San Jose, who had been experimenting with various businesses, since his teens, and also had an immense interest in programming languages, ended up in building the world’s largest cryptocurrency exchange; Coinbase.

Early Life

Armstrong was born on 25 January 1983 and was brought up in the San Jose, in California. He was still in school when he developed an interest in computer programming. He started learning Java and CSS, that led him to get work from local firms from San Jose when he was still in school and created websites for them. His neighbour’s garage was his first office.

Brian Armstrong
Image Source: techcrunch.com

In 2001, after completing his school, he went to Rice University, where he completed a graduate degree in Computer Science along with another graduate degree in Economics. He also received a master’s in Computer Science from the same university.

Early Career

During his bachelor’s in Computer Science, Armstrong had done a four months’ internship as the Team Lead at IBM San Jose. There he developed tools for Network Attached Storage devices based on Java. Later, when he completed his graduate degree in Computer Science, he started working as an Enterprise Risk Management Consultant at Deloitte and Touche.

In 2003, he co-founded UniversityTutor.com. The website helped people find personal tutors in their area. On 16 May 2011, Brian joined Airbnb as the software engineer and worked there for a year.

Founding Coinbase

Armstrong was always interested in starting some business and actively thought of many ideas for that. By the end of 2010, he came across to the concept of Bitcoin. Being a technical product, it was quite amusing for him. At the same time, he got familiar to the fact that there were not many marketplaces for the exchange of bitcoin.

Being a computer programmer and an economist, he was capable of conceiving a plan to create an exchange marketplace for Bitcoin. In July 2011, Brian came together with Fred Ehrsam, who worked at Goldman Sachs, to co-found Coinbase.

It was the time when a single Bitcoin priced at $10 and buying Bitcoins required serious tech chops. Coinbase was the alternative for such transactional platforms, where people could use the traditional bank accounts to purchase cryptocurrency, similar to using PayPal. The two founders got Coinbase to enter into Y Combinator startup incubator, in 2012, to raise funding for the company.

In October 2012, the two launched the company and started operations of buying and selling the cryptocurrency through bank transfers. In 2013, the company received funding worth US$5 million from the venture capital firm Union Square Ventures.

Due to the ease of use, by the year 2014, the company had a million users using its services. In the same year, the company acquired Kippt, the blockchain explorer service. It also launched the vault service for secure storage of bitcoin as well as added a feature to process Bitcoins to payment apps like Stripe, Braintree, and PayPal.

In 2015, the company launched the Coinbase Exchange, through which the professional traders could exchange the cryptocurrency. By 2016, the company had added Ethereum to its platform and also rebranded the exchange name to Global Digital Asset Exchange (GDAX). Currently, the exchange process the transaction of multiple cryptocurrencies, but has stopped the same for Ethereum, due to suspicion of the attack on the network.

The company is currently processing its wallet in 32 different companies.

Personal Life

In 2017, Armstrong was listed as Fortune 40 under 40, and later, recode under the 100 list. By the end of 2018, he was among the list of billionaires, and his net worth was estimated between $900 million and $1 billion. Currently, he serves as the CEO of Coinbase, the company having over 200 employees.