10 Incredible Tech Startups Started By College Dropouts
Great Point Energy
According to Forbes magazine "Andrew Perlman left Washington University in St. Louis to devote his time and energy to enterprise. He launched five successful technology startups after that before founding Great Point Energy in 2005."
Kevin Rose left the University of Nevada to focus on coding, the decision that led to the 2004 launch of Digg. Digg is now perceived as the precursor to user voting sites such as Reddit. Currently Rose works with Google Ventures.
Matt Mullenwerg dropped out of college before launching WordPress, which according to Forbes is now responsible for powering 16 percent of the Web.
Palmer Luckey, the 21 year old creator of Oculus Rift "became the latest person to join the tech industry college dropout hall of fame." According to Business Insider the virtual reality headset, Oculus Rift, was recently purchased by Facebook for two billion dollars.
The creator of WhatsApp, Jan Koum, is a San Jose University dropout who days before his 38th birthday became a billionaire. WhatsApp was sold to Facebook in cash and stock for 19 billion dollars.
Arash Ferdowski dropped out of MIT in 2007. He left in order to start Dropbox. According to Business Insider the company quickly grew "from a tiny startup to a service used by hundreds of millions of people, on its way to an IPO."
Business Insider reported that Stacey Ferreira decided to drop out of NYU when she received the news that Richard Branson and Jerry Murdock would be investing into her cloud-based startup, MySocialCloud.com. The startup was later purchased by Reputation.com for an undisclosed sum.
Daniel Ek left his university studies just after two months in order to pursue his startup ideas. At the age of 21 he co-founded wildly popular music-streaming service Spotify. Business insider reports that the company currently has 24 million subscribers worldwide.
Zach Sims is a 2011 Columbia University dropout who built Codecademy. According to Business Insider "the company raised more than $10 million in funding from investors including Richard Branson to support its vision of making it possible for anybody to learn how to code."
Ben Milne dropped out of the University of Northern Iowa to follow his tech entrepreneurial calling. His first company was Elemental Design, which was followed by his second venture, Dwolla, an online payment system that competes with credit cards. Business Insider reports that the company is moving millions of dollars in transactions daily.