Technology

Which Tech Giants Started Out in Basements?

basement tech companies

Setting up a tech business can be tough, as there is so much competition out there these days. However, at the same time, there is a huge demand for tech products and services because we now live in a digital age. This means that with hard work and commitment, you can make your tech startup into a success. However, one thing you have to work out is where you will operate it from.

Well, a simple and cost-effective solution is to operate your business from your basement. You may think that this is not fitting, but it is important to keep in mind that many of the huge tech giants once started out as basement tech companies, as the infographic shows. In fact, some of the biggest companies around the world started life in a basement, so it shows you can achieve a huge amount by starting small. In this article, we will look at some of the tech giants that started out in basements.

Some of the Big Players

Some people are amazed at the tech giants that were once startups in someone’s basement. However, you have to remember that all businesses were once new ventures and often they were run in places like the basement because it saved money. Some of the tech giants that did this are:

Virgin Group

Virgin has become a household name over the years, and now offers access to many goods and services including tech services such as broadband and mobile. However, while it has become a multibillion-dollar company now when Richard Branson first started out, he was aged just 16. He also started out working from a basement – and it wasn’t even his own basement but a co-worker’s. From this little basement acorn, he creates his own empire, and this has made him a very wealthy man today.

Amazon

Another company that managed to go from a little basement acorn to world domination is Amazon, the baby of super-rich Jeff Bezos. Amazon is a household name around the planet now and is worth a whopping $1 trillion. However, when Bezos first started out, he wasn’t even in a basement – he was in a double garage. He then moved to a basement warehouse with a handful of workers, and he built the business up from there.

FreshBooks

FreshBooks cloud-based accounting software is now used by huge numbers of people and businesses, bringing in around $8 billion a year. However, when Mike McDerment first started it back in 2004, he operated it from his parents’ basement. After two years, the money coming in was still only around $100 per month from invoices, but he stuck to it and remained in that basement for more than three years.

Qualtrics

This software giant was started by two brothers, Ryan and Jared Smith, in 2002. They too worked out of their parents’ basements, and one of the brothers gave up his job at Google to focus on the business. The hard work paid off, as it is now worth $11 billion.

These are just some of the tech giants that started off in a basement.

Tech Giants

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