youth Tag

Online Market Dominated by 30 and Under Crowd

Multi-million dollar businesses usually conjure images of men in power suits wheeling and dealing with the aid of brandy and cigars. But Armani suits may just have to make way for Abercrombie denim, because the online market has forever changed the face of high powered business endeavors. As we move further into a technological age, the 30 and under crowd continues to dominate some of our most well-known companies.

If you don’t believe it, look a little closer at the faces behind Facebook, YouTube, Mozilla, WordPress, and Digg. What do they all have in common? For one, each company has a net worth over $30 million. But a more telling similarity is that each entrepreneur has yet to see 31 birthday candles. And they’re not the only examples. Check out the Top 50 Entrepreneurs Under 30.

Right now, no one believes more in the moneymaking power of the internet than Johns Wu. He recently sold his blog, Bankaholic.com, for $15 million. And at the age of twenty-two, Wu is just one example of how the internet has opened entrepreneurial opportunities for web savvy youngsters.
(more…)