How These Billion-Dollar Businesses Started As Happy Accidents And Side Gigs

  • Posted on January 05, 2021
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  • By Super Admin
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Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California.

How These Billion-Dollar Businesses Started As Happy Accidents And Side Gigs

Most of us don’t know what it’s like for an out-of-the-blue great idea to turn into a billion-dollar company. But history has proven time and time again that a light bulb moment or finding a seemingly simple solution to a common problem can change entrepreneurs’ lives.

From a forgotten wallet changing the way we exchange money to a group of college kids who just wanted to look up their classmates online, here are five examples of billion-dollar start-ups that were conceived practically by accident.

In 2009, Venmo co-founders Andrew Kortina and Iqram Magdon-Ismail were at a funk concert in Philadelphia, where they’d met as students at the University of Pennsylvania before graduating in 2005. At the concert, the pair watched from a balcony and talked about the idea of sending money to other people using just their phones because they were “too lazy” to go downstairs to tip the house band after a good performance, Magdon-Ismail said in an interview in 2016.

Weeks later, Magdon-Ismail forgot his wallet at home in Philadelphia when he went to visit Kortina in New York City. After that moment of forgetfulness, Magdon-Ismail said Kortina and he decided that their earlier idea to make mobile payments with a phone app connected to your bank account was worth developing into a reality.

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Super Admin

Super Admin

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