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Sure, we all know that Facebook was famously launched from Mark Zuckerberg’s dorm room, but the social media giant isn’t the only successful company to rise from pizza box-cluttered surroundings.
From successful startups to massive, multinational brands, we’re going to tell you about 7 companies you never realized were founded by college students.
Insomnia Cookies
Insomnia Cookies/Facebook
It’s a dilemma familiar to every college student – it’s late, you’re hungry, and you’re bored with the few remaining food options. When Seth Berkowitz was a junior at the University of Pennsylvania in 2003, that craving proved an opportunity.
Later that year, Berkowitz founded Insomnia Cookies, baking and delivering fresh cookies to his fellow students. One year later, the company’s first retail location opened in Syracuse, NY – today there are more than 100 storefronts, most located near college campuses.
FedEx
Facebook
In 1962, Yale student Fred Smith submitted a business proposal for an economics class, outlining the creation of a global logistics company that would handle cargo from pick-up to delivery. According to legend, Smith received a C.
Undaunted, Smith raised $ 91 million in venture capital after graduating, and launched Federal Express, later FedEx, in 1971. Today, the company’s annual revenue exceeds $ 50 billion.
ModCloth
Modcloth/Facebook
Not only was the indie and vintage retailer ModCloth founded out of a dorm room by Susan Gregg Koger and Eric Koger, the two of them were also high school sweethearts. (They’re now married.)
While students at Carnegie Mellon, the pair launched the site to feed Susan Kroger’s love affair with thrift shopping. Fifteen years later, in March 2017, they sold ModCloth to Jet.com, in a deal reportedly worth between $ 51 and $ 75 million.
See the rest of the story at Business Insider
