Gurbaksh Chahal is a great Internet success story, as by the age of 25 he has been able to sell two companies he created for a combined total of $340 million.
At the age of 18, he sold his first company, ValueClick, to ClickAgents for $40 million in stock. At the ripe old age of 25, he sold his BlueLithium Network to Yahoo! (YHOO) for $300 million. He personally pocketed a cool $100 million out of the Yahoo! deal.
I want to mention one brief, important lesson Chahal teaches us: he correctly understood where the Internet would be going in reference to advertising. That's where his BlueLithium came in. He knew targeted advertising would be a big thing in the future of the Internet, and he got out in front of it.
That's the point I wanted to make: getting out in front of a trend, not following it. Those able to correctly identify where a market is going, will be one of its leaders, if they are willing to make the moves necessary to get there.
Chahal in all his interviews says how it needs to be done, and that's through the willingness to take risks. He has said many times that's what he considers his strongest attribute in the success he's enjoyed.
Of course included with that risk was understanding the market he was serving, and from there taking the necessary risks.
He is now working on a book called "The Dream," where he'll talk about the major experiences he had and what it took to get him to where he is today. "The Dream" is due out in the spring of 2008.
» Young Internet Millionaire Working on New Reality Show: "The Dream" from BizofShowBiz
Gurbaksh Chahal, who sold his first Internet business at the age of 18 for $40 million in stock, and then followed that up by the age of 25 with selling his Internet ad business BlueLithium Network to Yahoo! (YHOO), is... [Read More]
Tracked on: December 3, 2007 5:39 PM | Permalink to Trackback