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Garrett Camp: The Entrepreneurial Mind Behind Uber and StumbleUpon

Garrett Camp: The Entrepreneurial Mind Behind Uber and StumbleUpon

Canadian businessman Garrett Camp has had a big influence on the tech industry. This piece examines his path, showcasing his creative endeavours and offering some important advice for would-be business owners.

StumbleUpon and Early Career

Garrett Camp: The Entrepreneurial Mind Behind Uber and StumbleUpon

Image Source: investopedia.com

Camp, who was born in 1978, has an early interest in technology. In 2002, while attending the University of Calgary, he was a co-founder of StumbleUpon. This platform provided users with a customized surfing experience and was a forerunner to social media discovery. Due to its success, StumbleUpon drew interest from investors in Silicon Valley, which allowed it to relocate to San Francisco and eventually be acquired by eBay in 2007.

Uber: An Unsettling Ride

Camp has more in mind than just StumbleUpon. Alongside Travis Kalanick, he was a founding member of Uber in 2009. The original concept transformed city transportation and was inspired by a snowy Parisian evening when no taxi was available. Uber’s ride-hailing app, formerly known as UberCab, debuted in 2010 in San Francisco and quickly spread throughout the world. Camp was a key contributor to Uber’s initial funding round and held multiple board positions.

Beyond Expa Laboratories

In 2013, Camp founded Expa Labs in addition to Uber. This endeavor supports and finances fledgling businesses, encouraging innovation in a range of fields. In 2015, he founded Mix, an improvement on StumbleUpon, motivated by his interest in tailored discovery tools.

Even though Camp’s original attempt to enter the cryptocurrency space with Eco was unsuccessful, it shows that he is open to investigating new technologies. Eco is available as a personal finance app right now.

Charity and Giving Something Back

Camp’s achievements go beyond monetary gain. As a signatory to The Giving Pledge, he has pledged to contribute half of his fortune to worthy causes. The 2018-founded Camp Foundation is dedicated to global impact and environmental initiatives.

Garrett Camp's Journey: Lessons

Camp’s entrepreneurial experience provides insightful advice for budding company executives:

  • Feedback: In order to improve your ideas, keep asking for input from a variety of sources.

  • Accept the Early Grind: It takes time and unrelenting effort to build a successful startup.

  • Having passion is essential: Never give up on your beliefs in the face of initial doubt.

  • Finance oneself When it’s feasible: If you can, bootstrap your business for as long as possible to keep control.

    The tale of Garrett Camp is an inspiration to creativity, tenacity, and a desire to have a positive influence. He remains a significant personality in the tech industry, serving as an inspiration to upcoming business generations.

Garrett Camp : The Co-founder of the Online Discovery Platform StumbleUpon

If you are skilled enough you are destined to achieve the goals you set even before you are a graduate. Garrett Camp, a Canadian entrepreneur, was still a student when he started his own business along with three of his college mates. The company gained popularity and within a year, bringing him into the spotlight and making him one of the Top Innovators under the age of 35.

Early Life

Garrett was born on October 4, 1978, in Calgary, Alberta, Canada, to an economist father and an artist mother. Later, his parents started a business of architecture. Garrett completed his high schooling from a local government school. Later, he joined the University of Calgary and received a degree in electrical engineering, in 1996. During his junior year, at the college, he went through an internship, in speech recognition technology from Nortel Networks, Montreal. After graduating from the University of Calgary, he enrolled in the Masters in Software Engineering, in the same University and researched on the collaborative systems, evolutionary algorithms and information retrieval.

Garrett Camp
Image Source: designerfund.com

Founding StumbleUpon

Garrett was still in College when he came up with the idea of StumbleUpon. StumbleUpon was the first discovery engine, that was used to find web content for the users. Garrett founded StumbleUpon, with his friends at the University and established its office in San Francisco. The company received its first funding from the Silicon Valley’s Angels Investors. In 2007, eBay acquired StumbleUpon for $75 million. The company expanded its service to 25 million registered users in the next year. Camp re-acquired the company in 2015, as it went under debt, and helped the company recover its original status, once again. The company is still running its website successfully.

Other Ventures

In 2009, with Travis Kalanick, Garrett co-founded Uber, a transportation network company as UberCab. He made the initial funding for the project of $250K, himself. The idea behind Uber was to make the black taxis affordable for the people. Till mid-2012, Uber launched UberX and Uber SUV, making its way in the list of Forbes Top 10 Companies of 2012. Uber has become popular among the people as an affordable medium for travelling and is running its business in 500 cities across the globe.

In 2013, Garett started another venture named Expa that helps other startups financially, by raising funds from the major investors of Silicon Valley.

In 2007, Garrett was listed among the Top Innovators under the age of 35, at Technology Review’s Emerging Technologies Conference, at MIT and Bloomberg Businessweek named him one of Tech’s Best Young Entrepreneurs in 2008. He spoke at the Wireless Influencers and South by Southwest, many a time and attended the DEMO Mobile 2013, as the judge and the panel member. In 2015, his total wealth was estimated to be US$5.3 billion by Forbes.