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Monthly Archives: October 2010

via Yahoo

Mark Zuckerberg, co-founder of Facebook, and his geek-to-billionaire story is the inspiration of the new hit movie The Social Network. “Young people are just smarter,” he told a Stanford University audience in 2007. Zuckerberg started Facebook from his Harvard dorm in 2004 as a sophomore. Now he’s a 26-year-old philanthropist, recently donating $100 million to the Newark, N.J., school district.

Zuckerberg’s youthful fame and fortune makes a great come up story. But across America every year, plenty of entrepreneurs make their first million before the age of 25, some in high school. It takes vision, smarts, opportunity, determination and a lot of luck. Here are five of them, along with their advice for achieving wealth  and prosperity.

 

Michael Dell

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Age now: 45
Title/Company: Founder and CEO, Dell Computers
Made his first million by age: 19

Dell launched his computer company in 1984, just before dropping out of the University of Texas. By selling direct, Dell lowered prices and won over customers. At 24, the company had revenues of $258 million. At last check, his estimated net worth was $13.5 billion.

His advice for young entrepreneurs: “You’ve got to be passionate about it,” he said in an interview with the Academy of Achievement.

“I think people that look for great ideas to make money aren’t nearly as successful as those who say, ‘Okay, what do I really love to do? What am I excited about?’ ”

 

Catherine Cook

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Age now: 20
Title/Company: Founder, myyearbook.com

Made her first million by age: 18

In 2005, Catherine and her brother founded the social-networking site, which functions like a digital yearbook with pictures, friends and virtual currency called “lunch money.” Today, it boasts 20 million members and is one of the 25 most-trafficked Web sites in the U.S.

Her advice for young entrepreneurs: “Stop just thinking about it, and make it happen.

When you’re young is the best time to start your own business, as you do not have the responsibilities you will have when you’re older. The worst that can happen if you fail now is that you have firsthand experience to make your next venture a success.”

 

Sean Belnick

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Age now: 23

Title/Company: Founder, BizChair.com

Made his first million by age: 16

Belnick’s been selling business furnishings online for nearly a decade now, but the recent B.A. graduate of Emory University’s Goizueta School of Business still saw value in a college education.

His advice for young entrepreneurs: “It is never too early to start. I started when I was 14.There was a lot of great information on the Internet. Just do the research and find a way to do what you want to do.”

 

Juliette Brindak

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Age now: 21

Title/Company: Cofounder/CEO, MissOandFriends.com

Made her first million by age: 19 (Brindak won’t divulge when she earned her first million, but says that her company was valued at $15 million when she was 19)

At 10, Brindak started drawing the “cool girls” cartoon figures who became stars in 2005 of her online community for tween girls. Today, she is seeking investors and preparing to take the site public as she attends Washington University in St. Louis.

Her advice for young entrepreneurs:: Find a solid support team who believe in your idea. “If someone starts to doubt your company and what you’re doing, you need to get rid of them.”

 

 

 

Matt Mickiewicz

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Age now: 27

Title/Companies: Founder, Sitepoint, 99 Designs and Flippa

Made his first million by age: 22

Mickiewicz, who launched his first company in 1998, points out that the Internet enables immediate customer feedback, making it relatively inexpensive to test and launch new ideas.

His advice for young entrepreneurs: “People who say it takes money to make money are using the worst excuse ever. . . Create massive value for others by providing a solution where no other exists.”

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Hip Hop Album Sales: The Week Ending 10/17/2010

via HipHopDX

Top 200 Album Sales (Top 10 Hip Hop/R&B)

Rank Artist Album This Week Est. Total
1 Lil Wayne I Am Not A Human Being
125,000 259,000
5 Eminem Recovery 50,000 2,818,000
12 Bruno Mars Doo Wops & Hooligans
27,000 82,000
13 Trey Songz Passion, Pain & Pleasure 27,000 407,000
21 Waka Flocka Flame Flockaveli
18,000 55,000

Rank Artist Album This Week Est. Total
33 Gucci Mane The Appeal: Georgia’s Most Wanted 12,000 92,000
68 Pimp C The Naked Soul of Sweet Jones
6,400 24,000
75 Chiddy Bang The Preview
6,000 6,000
99 Ice Cube I Am The West
4,700 35,000
133 Foreign Exchange Authenticity
3,600 3,700

Oct. 18: Soldiers and police guard detainees next to packages of seized marijuana during a presentation for the media in Tijuana, Mexico.

-AP

Soldiers and police guard detainees next to packages of seized marijuana during a presentation for the media in Tijuana, Mexico.

TIJUANA, Mexico — Mexican security forces seized at least 105 tons of U.S.-bound marijuana in the border city of Tijuana on Monday, by far the biggest pot bust in the country in recent years.

Soldiers and police grabbed the drugs in pre-dawn raids in three neighborhoods after police arrested 11 people following a shootout, army Gen. Alfonso Duarte Mujica said at a news conference.

The marijuana was found wrapped in 10,000 packages, which were displayed to journalists by soldiers in masks. Duarte said the drug had an estimated street value in Mexico of 4.2 billion pesos, about $340 million.

For Full Story click here

What is the state of Today’s Music?

According to  R&B star Erykah Badu, the sound you’re hearing is most likely “cornball a** music“.

Check out Erykah’s view on today’s hip hop, courtesy of RTNY.

“How y’all gone stand by and let our music turn into pop techno cornball ass music. We don’t own our music no more. Come to think of it, did we EVER own it? when I say own our music , I’m not talkin bout the artist I’m talkin bout the people … let me be quiet. I wanna hear from the young people? easy for me to complain about this techno-pop cause i have a taste for something else. but how do u feel? These rappers ought to be shame of they damn selves, I’m talkin bout the mc’ s rappin over this pop techno music. I believe in pimpin the system buy got DAMN! not like this. #pop-technosongs. I like the idea of no distinction in race when it comes 2 music, but SOULkeepers, U dont give up the boom bip and the hump 4 the payday. I love house and techno as a side dish .But now it’s served as the main course AND that’s ALL u gone get. like chittlins in the back house. I love music PERIOD. just not ready to say goodbye to the boom bip and the hump .. kinda painful for my generation to see. just strange 2me. Yes, no1 wants 2B poor again. artist have2 sacrifice integrity of the music sometimes 2 make ends meet. this is understood.but gotDAMN now. if you’ve never tasted good p*ssy your satisfied with ass hole. (that’s terrible ain’t it .) lol”

-Erykah Badu

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They are heads of state and first ladies, bankers and cultural icons, CEOs and entrepreneurial athletes.   Checkout the most powerful women in the world via Forbes.com.

Full list after the jump.

Michelle Obama

Coming in at #1 is US first lady Michelle Obama. See the full list below.

Top 100 Most Powerful Women

*GWOP Magazine recognizes Breast Cancer Awareness month.

 

As of today, text from Jay-Z’s book Decoded will be featured in locations throughout NYC, Los Angeles, New Orleans, Miami and London until the Nov. 16th release. The pages will be located in areas corresponding to each excerpt.

“If in certain pages Jay-Z is talking about something related to Times Square, then those pages might be on billboards in Times Square,” said David Droga, creative chairman Droga5, the New York agency heading the campaign.

Fans will be also be able to find them through Bing/Jay-Z and will be eligble to attend Hov’s New Year’s Eve concert in Las Vegas.

Kanye West has announced that he will be premiering his short film “Runaway” on October 23rd at 8 p.m.

Yeezy took to twitter to make the announcement about his short film named after his new hit single:

“My 35 min film ‘RUNAWAY’ will premiere simultaneously on MTV BET MTV2 MTV.com BET.com VH1.com next Saturday October 23rd @ 8pm est.”

After trips to Paris, London, Tokyo, and Sydney, the rapper will bring the Hype Williams-written film for one more private screening in Los Angeles, before making it public on every music channel on cable.

 

From left to  right: Kareem “Biggs” Burke, Jay-Z , Dame Dash

via HipHopWired

A rap mogul who helped launch Jay-Z‘s career was busted Friday with 43 other people when the feds rolled up a drug ring that controlled much of the pot market in the city.

According to the New York Post, Roc A Fella co-founder Kareem “Biggs” Burke was arrested this morning along with 43 other people in a massive drug investigation spanning up and down the East Coast.

Also notably nabbed in the dragnet was Matthew Stang, a writer and senior ad rep at High Times magazine.

According to the paper, the 44 arrests, which followed an 18-month investigation into the lengthy drug network headed by Geovanny “Manny” Rodriguez Perez – resulted in $1 million in seized profits and 177 pounds of marijuana.

Pictured above: Kareem “Biggs” Burke, Beanie Sigel, Dame Dash

(From l.) Matthew Woodstock Stang, Kareem 'Diggs' Burke and alleged ring leader Manuel Rodriguez are taken in custody from 26 Federal Plaza Friday.