Git Hub, a web-based hosting service for software development projects that uses the Git revision control system, was founded by Tom Preston-Werner, who turned down 0,000 from Microsoft in 2008 in order to go full-time on Git Hub, along with Chris Wanstrath and PJ Hyett.This started as a weekend project, with the founders covering the costs involved to buy a domain, and when the decision was made to bring Git Hub into fulltime operation they funded the setup costs themselves.After this, the founders left their day jobs and focused full-time on the business by working various hours and locations, and began to release products that may not have been perfect at the start, but with customer feedback they corrected the issues, and the business grew.
To start a business and bring it to a successful fruition takes a sound mix of confidence, risk tolerance, self-discipline, determination and competitiveness.
By taking an idea – and using talent and professionalism – to build a worthwhile business, without backing from investors or having little or no starting capital, takes great dedication, sound work ethics and pure single-mindedness to achieve this.
He scraped by doing many different types of work -- from emailing to truck driving – so that he could design his product, which he did by hand because he didn’t have enough computer design experience to do so electronically.
In 2004, the company sold its first camera system, which was a 35mm analog camera, but eventually evolved to digital.
The initial money raised to found the company, $10,000 dollars in bootstrapped cash, came from selling bead and shell belts out of Woodman’s VW van.
He moved back in with his parents at age 26, and working many long hours to develop his product.
In 2010, Tech Crunch was sold to AOL for a rumored million.
At the time, Arrington personally owned 85% of the company.
Tech Crunch, a technology website, was founded in 2005 by a successful serial entrepreneur, Mike Arrington, along with Keith Teare.