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Hotmail: An immigrant with $250 in his pocket to becoming a multi-millionaire

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Sabeer was working as a programmer and had a personal problem with accessing his email.

He decided to start a business and to his surprise, it grew very fast signing up millions of users.

He eventually sold it for $300+  million.

What you could learn from this episode:

  • How his heartbreak became the genesis to start his business.
  • How he met his co-founder at his work.
  • What his first business was and why he started it.
  • How a restriction at his workplace allowed him to come up with the idea for Hotmail.
  • Why he decided to work full-time and work on his business in the nights and weekends.
  • When it was time for one of them to be full-time, what did they do to meet both their expenses.
  • Why they were scared to share their idea with VC’s.
  • How they raised money while still hiding their idea.
  • How adding one line in the email catapulted Hotmail.
  • How they decided between charging users or keeping it free.
  • How their partner saw their growth and copied them and what they did.

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