Friday, May 8, 2015
Mark Cuban
Mark Cuban is a billionaire businessman. He is known for holding the record for largest e-commerce transaction, which made him a billionaire. Like most, he started small. He moved to Pittsburg and found work as a bartender. Later, he was fired and Cuban decided to start his own business. This wasn't a large scale operation, and began simply as a software reselling business. He ran it for a few years, until it was bought for approximately $6 million, $2 million of which Cuban kept after taxes. This served as seed money for his next businesses. He began a small online video hosting business with a former Indiana University alumnus. It started very small, but soon grew in the midst of the dot com bubble. After a while, it was generating $14 million of revenue each quarter, and employed 330 people. It was known as broadcast.com. This was during the dot com bubble, and these companies were often highly overvalued. Yahoo.com offered and eventually did buy broadcast.com for $5.7 billion. This instantly made Mark Cuban a billionaire. He knew, however, that the dot com bubble was just that, a bubble. He diversified his assets in order to keep himself safe in the event of a market crash (which did happen later). Now, he is the proud owner of the Dallas Mavericks and several other businesses and entities. This is a prime example of a young, aspiring entrepreneur that worked hard and paid his bills and had it pay off. Some would say he got lucky because his company was bought during the dot com bubble, making him tons of money, but in reality, he saw an opportunity and took advantage of it.
Microsoft
There may not quite as legendary a startup as Microsoft. Its cofounder and former CEO is the richest man in the world. It produces some of the most widely used and available software on the planet. Its work has simply revolutionized the world in many different aspects. Its operating system, Windows, is far and away the most popular in the world. And it all started with a few pieces of paper. Years ago, there was a computer created that claimed to be the first personal computer, the Altair 8080. For all intents and purposes, it was a personal computer. It wasn't practical, however, as everything was inputted into the machine using switches, with data coded in binary. The results would also be binary coded with a series of light bulbs. It would take about 2 minutes to calculate 2+2, using binary inputs and interpreting the outputs. It was totally impractical. Gates' friend, Paul Allen, told him that Altair was looking for basic code to run on the machine, to allow it to be controlled with a terminal (monitor and keyboard setup). Bill Gates went to work and wrote a basic code for the machine, which essentially acted as a baseline operating system. Gates didn't have a computer to test any of the code on, so he wrote it completely on paper and debugged it that way. He then converted to code to punch paper so that it could be fed into the machine using a machine called a teletype (read punch cards and converted it to binary to feed to the machine). Paul Allen brought it to the Altair manufacturers and the code was tested for the first time. It was flawless. Allen called up Gates and told him the good news, that the code had functioned without a single error. Both of them were elated. The two decided to team up, and the first Microsoft product was born. The rest is history. Now, both Allen and Gates are multibillionaires. A bit of hard work and a unique product that fits the market can transform the world and change the lives of thousands.
Warren Buffet
When someone mentions the name Warren Buffet, you instantly think of vast riches and knowledge. This is more than a fair assessment, even though he doesn't act like it. Warren Buffet is the third richest man in the world, valued at $71 billion. He did this all through business deals and investment. This is a different approach to success than the usual "small startup takes off an takes over the world," like Apple and Microsoft and Facebook did. Warren Buffet started in 1950 with $10,000 in seed money and grew it to what is now about $358 billion (market cap of Berkshire Hathaway, Buffet's conglomerate). From a young age, Buffet knew that he was destined to be make a lot of money and become rich. He never paused in his mission, and is, to this day, positioned at the head of Berkshire Hathaway, towards the end of his 80s. It is, of course, always necessary to have intelligence if one is expecting to become rich through investing and asset aquisition. What separates rich intelligent people from poor intelligent people is the sheer dedication that money making requires. Buffet always said that his hobby is to make money. This quickly became his life, and he was good at it. Millions of people from around the world listen to him and heed his advice, in the hope that they may one day become half as successful as he is. The lesson that he preaches is that if you wish to be successful, you cannot just wish it. You must work tirelessly to achieve your goals and work towards what will become your destiny.
Richard Branson
Richard Branson, or Sir Richard Branson, is a legend in the business world. He is easily the most eccentric and outgoing billionaires in the world. He is the head of Virgin Group, a multinational conglomerate with scores of entities under its control. Like many billionaires, he started with a little bit of money, some confidence and motivation, and an idea. The first step he took in the business world was opening a record shop and label with his friend, which they named 'Virgin Records.' The idea behind the unusual name was from Branson believing that they were both 'virgins' to business. The company bought an estate in Oxford and set up a studio. The two of them leased out time to local artists and such, and looked for young, aspiring artists. They often picked controversial bands that other companies hesitated on contracting with. Soon, Virgin Records gained popularity, and the company was able to expand. Branson then bought nightclubs, and bid on several small companies to add to his soon to be conglomerate. In 1984, he started Virgin Atlantic Airways for reasons he later explained as: "I wanted a challenge, something seemingly impossible." Since, he has founded Virgin Mobile, a mobile phone provider, Virgin Media and his newest creation, virgin Galactic. Virgin Galactic is his plan for a company that will take paying passengers to space. Through the years, in addition to creating companies, he has aquired companies to add to Virgin Group, and sold companies, such as Virgin Mobile and Virgin Records. He has dabbled in nearly every industry, making him one of the most successful and legendary entrepreneurs on Earth.
The project started as many do. Small. Between 2009 and 2010, Kevin Systrom and Mike Krieger were working on an small but featured HTML project. Their lives were destined to change once they decided to focus that HTML project on mobile photography. The two of them decided that they wanted to do something big, and wanted to start a seed funding campaign to raise some money. Anyone with startup experience knows that, unfortunately, money is often a dictating aspect of a startup. Without money, it may be difficult for your product to be recognized, or even seen by any audience at all. In early 2010, Systrom finished a seed funding project and finished with $500,000. With this money, they accelerated development, and were able to hire three new employees over the course of the next year. The Instagram team then added various features over several updates, including filters, hashtags, borders, etc. The app gained popularity quickly, and soon reached 1 million users, and several milestones beyond. Today, the app has over 300 million registered users. In 2012, Facebook offered to buy the app and the work of its employees for $1 billion cash, as well as stock options for its nine employees. This was a part of Facebook's new diversification strategy, and at the time seemed to be an overestimate of the company's worth. Three years later, however, the app is more popular than it ever has, feeding Facebook copious amounts of revenue. In this case, the small company that two college students founded turned them into multimillionaires in just a few years. This shows that when Silicon Valley inspired projects reach heights, they reach astronomically high heights.
Friday, February 6, 2015
The RFID Card
I don't exactly remember what year in high school it was, but there was a kid in my class, let's call him Scott, that somehow somewhere was able to obtain one of the RFID cards that would get anyone entry into the school. Essentially, an RFID card is a plastic card with a chip inside and a coil. When the card is placed near a sensor, the electromagnetic field that the sensor puts out is inducted through the card's coil, and power is fed to the chip inside. The chip then emits a wireless string of numbers that the sensor receives, and then either accepts or rejects the card. If it accepts the card, the door unlocks. The doors could be opened simply by holding your wallet with the card inside up to the sensor. Getting this card was one hell of an achievement, and came before I ever got the master key. He realized that he now had quite a bit of power, and wanted to sell it. He had no idea how to copy these cards, and so came to me, one of the nerdier kids of the class. I did a bit of research and found that he could buy an Arduino microcontroller and an RFID read/write shield and be able to read, store, copy and write RFID cards. He bought everything he needed, totaling about $70. I helped him write and set up the code, and load it onto the Arduino. After that, we were successful in reading the number emitted by the RFID card, and then store and write that number to writable cards that he had bought with the Arduino. Once we successfully wrote and tested our first card, we felt very accomplished, but also realized that some people could actually do a lot of unnecessary harm to the school, and so I backed out. Scott decided to go on his own and sell the cards himself, leaving me completely out of it, which I was very happy about. He sold a few cards, I don't recall for how much, and apparently made some decent money. As always, though, some people weren't careful enough, and the whole scheme was taken down by the administration. I'm sure that there are still a few people out there that have a card (at least I do), and surely it will come in handy come senior prank time. Scott had an out of school suspension for three days, and was "sentenced" to an extra 30 hours of community service inside the school. At the time, a lot of people were actually expecting him to get kicked out, but he graduated along with me a year or two later. It was a fun time, but that is an example of a failed business startup. That taught me a valuable lesson, if you're going to start a business, at least let it be legal.
Monday, February 2, 2015
The Locker Based Business
At the end of each school year, the office of the Dean of
Students would send out a notice letting students that the time has come for
requesting lockers. Each grade has its own floor; juniors have the bottom
floor, freshmen the second, seniors the third and sophomores the fourth. There
were clusters of lockers scattered on each floor, one assigned to each student.
When requesting lockers, we could request a part of the floor and a top or
bottom locker at that area. Freshman and sophomore year I was given a bottom
locker and I was really sick of it by the time junior year came around. I had
requested a top locker, but it had apparently been denied as I was given an
even numbered locker. I really, really didn't want a bottom locker, and was
prepared to fight for one on top. I went to the office of the Dean of Students
and complained, but the employees there told me that there was, of course,
nothing they could do. I then got my cross country coach, a personal friend of
mine, to write a letter to the office explaining that I was injured and my
knees were in bad shape, and I shouldn't be kneeling several times a day (there
was a morsel of truth to that). The office then later informed me that I was
given another locker assignment. It was the locker directly above my older one,
which pissed me off because that one had been empty the whole time. Now I had a
good locker and then an "extra" right below mine. They never changed
the combination, so for a while I enjoyed the space of having two lockers. A
friend of mine, let's call him Scott again, said that maybe we should put
drinks and food in there and just share it between a few of us; a private food
storage locker. I thought that was a great idea, and so we went to Shaw's and
picked up Mountain Dew, chips and candy, the bare essentials of course. We
enjoyed that for a while, until Scott thought that maybe we could make a bit of
money selling what was in my extra locker. I, again, thought that was a great
idea, and that was the foundation for our "business." We decided we
would sell Monster and Mountain Dew out of there, the drinks high school kids
live on. It was surprisingly profitable. We sold Mountain Dew for $1/can, which
we bought for about $0.60 . We sold the Monster for $4/can, or $6/2 cans, $9/3
cans, etc. We sold the Monster for $4 for the first, and $3 per each can in
"bulk," but made it look like they were getting a deal when really we
were completely ripping everybody off. It may seem absurd to buy a single drink
for $4, and it is, but the cafeteria didn't offer it and we did. Supply and
demand is very very convenient when you're the only supplier. We continued this
for no more than a month. It got pretty big and we were supplying the locker
with 24-packs every other day. As with all good things, however, it came to an
end. The administration of course found out about it, and they weren't happy.
They told us that Chartwells, the company that supplies the school with lunches
and drinks, were the only ones allowed to sell food and beverages at the
school. We declared that it was a monopoly and needed to be destroyed (now
we're just screwing with the school). They then told us that we weren't allowed
to run businesses on school property, and it would be best if we stopped. We
reluctantly agreed.
Friday, January 23, 2015
The Master Key
Most that read my previous post are probably wondering what kind of self centered guy decides to write about himself in his free time. I don't care. I consider this a sort of journal containing my memoirs. And so, I begin.
At Saint Thomas, there was one key that opened every door in the school, a key that only a select amount of faculty owned. It was called the "A" key, because of the A printed on the back of it, signifying it was the master key. Every student dreamed of obtaining this key, especially when senior prank time came around. Now one of my friends was what Saint Thomas called a "legacy student." Both his parents and his uncle went to Saint Thomas years ago. His uncle had always told him about a secret room that he used to up to during break. Scott told me about this but I honestly just thought his uncle was bullshitting him, making his uncle believe he was some sort of legend years ago. Scott believed him, though, and was determined to find this room. He was on the robotics team, which was led by the vice principal, Jason Strniste (a true legend at that school). Scott was pretty close with Strn, and asked him for some floor plans of the school. Amazingly, he agreed. Scott studied the floor plans and found the secret room. His uncle remembered that it was around the auditorium somewhere. Scott found the room on the plans. There was a problem, we had to go through three locked doors before we got to the door. Scott wanted the A key, and once asked Strn for the key to unlock the robotics lab. He made the mistake of giving Scott the key. Scott took a mold of it and later poured gallium into the mold and made himself a copy of the key. We went through the auditorium and found the room. Scott, however, told too many people, and Strn eventually found out. He made Scott give him back the key and he had to do 30 hours of community service. We then began to look for another way to get a key. I was once in the Dean of Students office for an undisclosed reason, and there was an "A" key, lying on the conference table. I swear it was a gift from god, if you believe in that. The table was completely clean and empty, except for that single key, with a Saint Thomas keychain on it. The Dean of Student's back was turned, and I grabbed it. It was so ridiculously easy. Soon, people heard about it, and suddenly people were calling in "favors." I only used it for the secret room, and after a week or two, we had set up an all out chill room. Scott had brought in two chairs, and we set up an alarm that rings when the bell rings, so we could go up during lunches and breaks without being late to class. That secret room is where I spent most of my lunches. When we graduated, we carried everything out, and I gave Strn the original key that I had taken (I made many copies). He looked at me and started laughing, and just told me not to tell him where or how I had gotten the key. That was a touching moment, one of the highlights of my high school career.
At Saint Thomas, there was one key that opened every door in the school, a key that only a select amount of faculty owned. It was called the "A" key, because of the A printed on the back of it, signifying it was the master key. Every student dreamed of obtaining this key, especially when senior prank time came around. Now one of my friends was what Saint Thomas called a "legacy student." Both his parents and his uncle went to Saint Thomas years ago. His uncle had always told him about a secret room that he used to up to during break. Scott told me about this but I honestly just thought his uncle was bullshitting him, making his uncle believe he was some sort of legend years ago. Scott believed him, though, and was determined to find this room. He was on the robotics team, which was led by the vice principal, Jason Strniste (a true legend at that school). Scott was pretty close with Strn, and asked him for some floor plans of the school. Amazingly, he agreed. Scott studied the floor plans and found the secret room. His uncle remembered that it was around the auditorium somewhere. Scott found the room on the plans. There was a problem, we had to go through three locked doors before we got to the door. Scott wanted the A key, and once asked Strn for the key to unlock the robotics lab. He made the mistake of giving Scott the key. Scott took a mold of it and later poured gallium into the mold and made himself a copy of the key. We went through the auditorium and found the room. Scott, however, told too many people, and Strn eventually found out. He made Scott give him back the key and he had to do 30 hours of community service. We then began to look for another way to get a key. I was once in the Dean of Students office for an undisclosed reason, and there was an "A" key, lying on the conference table. I swear it was a gift from god, if you believe in that. The table was completely clean and empty, except for that single key, with a Saint Thomas keychain on it. The Dean of Student's back was turned, and I grabbed it. It was so ridiculously easy. Soon, people heard about it, and suddenly people were calling in "favors." I only used it for the secret room, and after a week or two, we had set up an all out chill room. Scott had brought in two chairs, and we set up an alarm that rings when the bell rings, so we could go up during lunches and breaks without being late to class. That secret room is where I spent most of my lunches. When we graduated, we carried everything out, and I gave Strn the original key that I had taken (I made many copies). He looked at me and started laughing, and just told me not to tell him where or how I had gotten the key. That was a touching moment, one of the highlights of my high school career.
Friday, January 16, 2015
Introduction to Saint Thomas
My name is Jack O'Reilly. When I found out that I had to write a blog, I had no idea what to do, so I decided to embrace my narcissistic side and write about myself. Most people, when they knew me in high school, had (or have) any idea of some of the adventures that I had in high school.
A lot of people that I've met here at Purdue have told me that they hated their high school and that they don't really have any particularly good memories from their high school days. I, personally, loved high school. Don't get me wrong, nothing compares to the short time I've had here, and the parties I've gone to, but while Saint Thomas Aquinas High School in Dover New Hampshire looked like a preppy Catholic high school, its students had a night life. This blog is going to be about my part in that night life.
Most parents sent their children to this school for its reputations as being higher class and offering a better education (it didn't). By the end of the first quarter, most freshmen would realize that not everything is as it seems. There were always little snippets of information passed between students at break or at lunch regarding the next party to come, who it was hosted by, who's bringing what drinks. These were big events and, as far as we know, the faculty never had any idea the scope of involvement with STA students. There was a sort of camaraderie going around before homecoming weekend, when everyone knew what was going to happen. That silent bond was something different that people from other high schools couldn't understand. The blog will also explore that, and tell plenty of stories about some of these experiences. Enjoy.
A lot of people that I've met here at Purdue have told me that they hated their high school and that they don't really have any particularly good memories from their high school days. I, personally, loved high school. Don't get me wrong, nothing compares to the short time I've had here, and the parties I've gone to, but while Saint Thomas Aquinas High School in Dover New Hampshire looked like a preppy Catholic high school, its students had a night life. This blog is going to be about my part in that night life.
Most parents sent their children to this school for its reputations as being higher class and offering a better education (it didn't). By the end of the first quarter, most freshmen would realize that not everything is as it seems. There were always little snippets of information passed between students at break or at lunch regarding the next party to come, who it was hosted by, who's bringing what drinks. These were big events and, as far as we know, the faculty never had any idea the scope of involvement with STA students. There was a sort of camaraderie going around before homecoming weekend, when everyone knew what was going to happen. That silent bond was something different that people from other high schools couldn't understand. The blog will also explore that, and tell plenty of stories about some of these experiences. Enjoy.
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