15 year old in St. Louis has a 3 year old tech company worth 3.5 million(fox2now.com)
fox2now.com
15 year old in St. Louis has a 3 year old tech company worth 3.5 million
http://fox2now.com/2013/09/02/15-year-old-millionaire-owns-it-company/
7 comments
"... to explain how he starting building a company when he was only 12."
IT consultancy worth over 3 Million dollars? I must be doing mine wrong.
Do they say where the number comes from in the video? I couldn't find any source.
In a letter from the CEO, on the company's website, he states that a few "informal valuations" estimated the value at between 100k to 3.75million.
edit: here is the link to the letter: http://bit.ly/14VcIDP
edit: here is the link to the letter: http://bit.ly/14VcIDP
It's a bullshit article. Kid runs a little consulting agency.
So they say they're great at webdesign, but then they have black text over black / dark backgrounds?
How is this worth $3.5M? Is it just a 1 man shop? Not to be a hater (if true, I am jealous and proud of this kid), but it seems like the media made up this number. Kudos to him for building something as a teen (When I was his age, I was doing web design and programming work freelance).
In the interview, he said he had 150 contractors working for him now. No matter how part-time those contractors are, that's clearly not a 1 man shop. When I was a teenager, most of my friends could barely remember to keep their shoelaces tied, let alone manage a business with 150 staff. Good for him!
"2012 was rich with large clients and strong finances for Bledsoe Technologies. Throughout the year, I received multiple inquiries on taking this company public. I answered most of these inquiries with soon! Due to these inquiries I reached out to many business brokers for informal valuations. These valuations returned numbers from $100,000 to $3,750,000. "
It sounds like a broker just drew the $3mm number out of a hat. Still cool that he is working hard but the article is a bit of a fluff piece.
It sounds like a broker just drew the $3mm number out of a hat. Still cool that he is working hard but the article is a bit of a fluff piece.
Side rant: Can we please not use mm to represent millions?
The Roman numeral M is often used to indicate one thousand, and MM is used to indicate one million.
http://blog.accountingcoach.com/what-does-m-and-mm-stand-for...
http://blog.accountingcoach.com/what-does-m-and-mm-stand-for...
Edited the title for clarity - thanks!
millimeters or millions? bean counters.