How would you feel if you have created something that 25% of the world uses, but not many people know about you?
This post is about a Ukrainian Jew, who, in 1992 at the age of 16, emigrates to USA with his mother, survives on social security, works as a cleaner, somehow gets into college, drops-out, fails to settle into a job, quits, creates an app, builds a company, makes history by being acquired for a record USD 19 billion and becomes a billionaire himself.
This post is about Jan Koum, the creator of WhatsApp!
Over 2 billion people the world over use WhatsApp, including my 65-75 year old parents and in-laws. Funnily, hardly anybody knows much about Jan Koum! So, here are a few facts about him.
His birthday is 24th February. Guess who else was born on 24th February? Yes, Steve Jobs. Guess who else? Yours truly!
At the age of 21, he drops out of college, joins Yahoo!, befriends Brian Acton (who co-founds WhatsApp with him in future), works in Yahoo!for 9 years, gets bored, takes an year off, travels to South America with Brian Acton, returns and applies to work for Facebook, gets rejected, buys an I Phone, is impressed with its new concept - App Store, and decides to create WhatsApp. He chose that name because it sounded like "What's up?"
WhatsApp was also born on 24th February, 2009. Wow!!
Within three months, WhatsApp looked like being a flop, with no takers. Then Apple came up with push notifications for all its apps. So, Koum changed WhatsApp to ping users when they receive a message. Soon, it became a hit. By December 2013, it had 400 million users.
In February 2014, Mark Zuckerberg, founder-CEO of Facebook, asked Koum to have dinner at his home, and formally proposed Koum a deal to join Facebook's board. 10 days later, on February 19th, Facebook announced that it was acquiring WhatsApp for US$19 billion, a value about one-tenth that of Ukraine's GDP at that time!
So basically, Jan Koum, penniless immigrant at 16, jobless at 30, became a billionaire at 37. Today, he is worth USD 10 billion.