Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Rishabh Java, 18, realised there was pent-up demand in the UAE for online classes taught by young instructors while delivering lessons to others during coronavirus-induced school closures. So he teamed up with friends Aadithyan Rajesh, 14, Neel Adwani, 19, and Khawaish Gulati, 18, to launch Tangled.ae, a new peer-to-peer learning website, in August last year.
The teenagers built the platform in 20 days and it now features 50 instructors and 1,000 users.
“We all were at home during the lockdown, had a lot of time and wanted to build something that was bigger than ourselves,” says Mr Java, who has also been involved with a neuroscience start-up called Aces for three years. “We are helping students build skills free of charge through Tangled.”
The founders recruit instructors, known as Untanglers, aged from 13 to 23 years through a three-stage process. First, they complete a form listing their achievements, then an interview and finally a demo class. Most Tangled learners are from the UAE and India, while instructors are from as far afield as the US, Canada and Australia.
The founders say that STEAM (science, technology, engineering, arts and mathematics) subjects are the most popular on the Tangled platform. However, it also offers courses on karate, dance, cooking and economics, among others.
Meanwhile, the learners, who must be aged between 7 and 21 years, are incentivised by using Tangled tokens.
“You start with 200 tokens. When you attend a class, you lose tokens but you can gain more by watching a video, for instance. Every post on the discussion forum gives you a Tangled XP token. This decides your rank on the leaderboard, which motivates the students and gamifies the learning experience,” says Mr Rajesh, who has also been working on a digital agency called Trinet Solutions for two years and will soon join Microsoft as a software engineering intern.
Mr Rajesh is the chief experience officer at Tangled, while Mr Adwani is chief technology officer and Ms Gulati is responsible for outreach and communication.
The platform is free of charge for both learners and instructors, so the Tangled founders use other means to fund operations.
“As teenagers, the one thing we don’t have is money,” says Mr Java, whose title is "chief Tangler".
“What we are doing to finance the project and keep it running before tapping sponsors is to participate in competitions, pitch our ideas and if we win, the entire prize money goes towards Tangled. We recently won Dh1,400 in prize money at a competition, which went into a virtual private server for a year.”
The four teens have collectively spent about $700 to date. Expenses include $400 for web hosting and cloud services, and about $100 to find a unique domain. While the co-founders did most of the development and back-end work on the website themselves, they also spent $100 on freelance work for the platform.
“Getting funded as a young start-up is challenging anywhere in the world. Right now, we are operating at a very small scale. Trying to make do with limited financial resources is a huge challenge,” Mr Java says.
The teen entrepreneurs are building a premium model of Tangled, where learners will have to pay a small monthly fee for extra features, such as attending class recordings that they have missed or have a one-on-one session with an instructor. In the future, they also plan to move to a YouTube-based revenue model, where approximately 60 per cent of the profit will be paid to the instructors. The founders are also working on an app for Tangled.
What we are doing to finance the project and keep it running before tapping sponsors is to participate in competitions, pitch our ideas and if we win, the entire prize money goes toward Tangled
Although the teens say their driving force is hitting milestones, such as the number of registered users, they are often confronted with a lack of credibility when pitching their start-up to schools.
“People don’t think we are legitimate because we are offering free courses. It’s very difficult to get an opportunity for a face-to-face meeting with school principals and pitch our idea to them,” says Mr Java.
This problem also resonates with Rajvir Kohli, founder of another peer learning platform called StudySmart. The 18 year-old says schools are hesitant to promote such platforms because they think student-led initiatives lack credibility.
"My business is not something I am doing just for fun," he tells The National.
StudySmart is a free, student-developed platform that offers retrospective timetables, crash-course videos, tailored studying advice, self-produced revision guides, and other custom features for the GCSE, IB and A-level examinations. The platform began as a way of disseminating resources as a way of combating resource inequity between students in the UAE.
“While there are a lot of tutoring organisations in Dubai, there are not a lot of resources that teach students how to study, how to effectively revise or manage stress along with their regular exams,” says Mr Kohli. He launched StudySmart two years ago to address this market gap.
The teen has taken 12 to 13 students on board to work on content production and website development. The platform has so far garnered 180 learners organically.
The entrepreneur says raising finance is the toughest part for a student-led initiative. He pitched the business to the Silicon Fen Venture Fund, an ecosystem for young innovators, and was affiliated with them and received guidance on how to manage finances.
“As students, it is difficult to pitch to angel investors. We have gone through private means, by getting referred to people through friends and family,” says Mr Kohli, who also invests money earned from his tutoring endeavours into the business.
The start-up, which has been funded with $1,200 since launch, recently raised another $1,800 privately. The founder is planning to launch a few optional paid features, such as a question bank.
My business is not something I am doing just for fun
“Other challenges are our time constraints. The level of work we put in fluctuates based on our exams and other academic responsibilities. That holds back progress on the platform. Eventually, when we scale up, we will also have to start paying people, so we may need to restructure the organisation,” adds Mr Kohli.
The teenager says he will continue working on the start-up in university. “Universities abroad have a much bigger audience. They usually have incubators to help start-ups. There will be a lot more opportunity to grow.”
One of the few places where teen entrepreneurs can gain access to funds is through friends and family, says Jazeer Jamal, founder of GrowValley, a start-up studio building start-ups at scale, and co-founder of Kidstarter, an online marketplace where children can run their own business with minimal adult support. Once the business is launched, “there are multiple options to raise money from the likes of incubators, accelerators and VCs such as Hub71, 500Startups and Sheraa in the UAE”, he adds.
Mr Jamal also recommends that teens read The Art of Start-up Fundraising by Alejandro Cremades to learn about raising funds.
“Frugality is something that teen entrepreneurs need to learn. Most importantly, learn to spend less than what you can afford and put the maximum funds in developing the business,” he adds.
Schools and other educational institutions in the UAE offer entrepreneurship programmes that teach various skills such as writing business plans, pitching to investors, prototyping , marketing and hiring a team. However, most of these programmes do not teach the key skill of financial literacy, says Marilyn Pinto, founder of Kids Finance Initiative.
“A majority of young entrepreneurs will be bootstrapping their business and this is where their knowledge and habits of being careful spenders and budgeting efficiently will come into use,” says Ms Pinto. “They need to distinguish between and prioritise their needs over their wants. Lack of this basic awareness will lead them to burn through their funds at an alarming rate, thus paving the way for an entrepreneurial disaster.”
She also recommends that teen entrepreneurs understand how credit works, steer clear of costly debt and realise the importance of maintaining a good credit history.
“Many bank lenders look at personal credit histories before they agree to give entrepreneurs start-up loans. Having a poor credit score will scuttle their chances of getting those loans, even if they have the best business plan out there,” Ms Pinto adds.
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Killing of Qassem Suleimani
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Liverpool’s fixtures until end of 2019
Saturday, November 30, Brighton (h)
Wednesday, December 4, Everton (h)
Saturday, December 7, Bournemouth (a)
Tuesday, December 10, Salzburg (a) CL
Saturday, December 14, Watford (h)
Tuesday, December 17, Aston Villa (a) League Cup
Wednesday, December 18, Club World Cup in Qatar
Saturday, December 21, Club World Cup in Qatar
Thursday, December 26, Leicester (a)
Sunday, December 29, Wolves (h)
At a glance - Zayed Sustainability Prize 2020
Launched: 2008
Categories: Health, energy, water, food, global high schools
Prize: Dh2.2 million (Dh360,000 for global high schools category)
Winners’ announcement: Monday, January 13
Impact in numbers
335 million people positively impacted by projects
430,000 jobs created
10 million people given access to clean and affordable drinking water
50 million homes powered by renewable energy
6.5 billion litres of water saved
26 million school children given solar lighting
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
The lowdown
Bohemian Rhapsody
Director: Bryan Singer
Starring: Rami Malek, Lucy Boynton, Gwilym Lee
Rating: 3/5
MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Global state-owned investor ranking by size
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UAE
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Norway
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Canada
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Singapore
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Naga
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About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support
KILLING OF QASSEM SULEIMANI
WITHIN%20SAND
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POSSIBLE ENGLAND EURO 2020 SQUAD
Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
Midfielders: Declan Rice, Harry Winks, Jordan Henderson, Ross Barkley, Mason Mount, Alex Oxlade-Chamberlain.
Forwards: Harry Kane, Raheem Sterling, Marcus Rashford, Jadon Sancho, Tammy Abraham, Callum Hudson-Odoi.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
UAE currency: the story behind the money in your pockets
MATCH INFO
Championship play-offs, second legs:
Aston Villa 0
Middlesbrough 0
(Aston Villa advance 1-0 on aggregate)
Fulham 2
Sessegnon (47'), Odoi (66')
Derby County 0
(Fulham advance 2-1 on aggregate)
Final
Saturday, May 26, Wembley. Kick off 8pm (UAE)
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Ain Issa camp:
- Established in 2016
- Houses 13,309 people, 2,092 families, 62 per cent children
- Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
- Most from Deir Ezzor and Raqqa
- 950 foreigners linked to ISIS and their families
- NGO Blumont runs camp management for the UN
- One of the nine official (UN recognised) camps in the region
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Volunteers offer workers a lifeline
Community volunteers have swung into action delivering food packages and toiletries to the men.
When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.
Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.
Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.
“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.
Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.
“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
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More from Rashmee Roshan Lall
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
THE BIO
Age: 33
Favourite quote: “If you’re going through hell, keep going” Winston Churchill
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in
Astroworld
Travis Scott
Grand Hustle/Epic/Cactus Jack
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
MATCH INFO
Europa League final
Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports
RIDE%20ON
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Kandahar%20
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Structural%20weaknesses%20facing%20Israel%20economy
%3Cp%3E1.%20Labour%20productivity%20is%20lower%20than%20the%20average%20of%20the%20developed%20economies%2C%20particularly%20in%20the%20non-tradable%20industries.%3Cbr%3E2.%20The%20low%20level%20of%20basic%20skills%20among%20workers%20and%20the%20high%20level%20of%20inequality%20between%20those%20with%20various%20skills.%3Cbr%3E3.%20Low%20employment%20rates%2C%20particularly%20among%20Arab%20women%20and%20Ultra-Othodox%20Jewish%20men.%3Cbr%3E4.%20A%20lack%20of%20basic%20knowledge%20required%20for%20integration%20into%20the%20labour%20force%2C%20due%20to%20the%20lack%20of%20core%20curriculum%20studies%20in%20schools%20for%20Ultra-Othodox%20Jews.%3Cbr%3E5.%20A%20need%20to%20upgrade%20and%20expand%20physical%20infrastructure%2C%20particularly%20mass%20transit%20infrastructure.%3Cbr%3E6.%20The%20poverty%20rate%20at%20more%20than%20double%20the%20OECD%20average.%3Cbr%3E7.%20Population%20growth%20of%20about%202%20per%20cent%20per%20year%2C%20compared%20to%200.6%20per%20cent%20OECD%20average%20posing%20challenge%20for%20fiscal%20policy%20and%20underpinning%20pressure%20on%20education%2C%20health%20care%2C%20welfare%20housing%20and%20physical%20infrastructure%2C%20which%20will%20increase%20in%20the%20coming%20years.%3C%2Fp%3E%0A
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
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Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
