Thursday, September 18, 2008

Journey from First $99 Dollars to Millions

Check how first hard earned $99 dollars of Gurbaksh Chahal converted into Millions

When Gurbaksh Chahal was 15, he used to spend most of his time while surfing on the Internet. One day he noticed that a company called DoubleClick was providing Internet Ad services. He didn’t know how to program, but realized that advertisers would need a way to track visits online. He thought he could buy software to help him, and found a guy in London who had technology that he offered him for $30,000. He didn’t have the money, but made arrangements to pay him 90 days after Gurbaksh tested the software. He went online and incorporated the company for $99 with the help of his elder brother.

When three months were up, he had made $100,000 in revenue. He realized that he had a business. He named it “ClickAgents”. Within a year, he had $1 million a month in revenue. After some time an investment bank called and asked if he was interested in selling ClickAgents. Then he sold “ClickAgents” for $40 million. There after he started his second company called “BlueLithium”, an advertising network. In October 2008, Yahoo bought the company for $300 million cash, making him a multi-millionaire.

To know more about GURBAKSH CHAHAL’s achievements and his new adventures, please visit the site http://www.chahal.com

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