11 teens who struck it rich

Forget about living in your parents' home until the economy recovers. These youthful entrepreneurs are reaping the rewards of successfully striking out on their own.

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VIDEO ON MSN MONEY

137Comments
Sep 7, 2012 12:06PM
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While it's nice to see these kids make something for very little and become successful I noticed something about every single story.

 

All of them simply produced a service taking advantage of holes in existing strategies from other larger companies to exploit the market place.  Kudos to them for seeing those holes.

 

However, not one of them actually produced a tangible product.  That's the sad part.  In the long run it's the tangible products that allow service people to keep their jobs, or even have a job.  That's where the true 'innovation' that moves society forward comes from, not social media, games, pimping your ride, slick marketing through websites, or becoming a direct seller and replacing an existing middle man.

 

I'm happy anyone is doing well, but I'll save my darling accolades for true innovators.

Sep 13, 2012 2:04PM
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This page is riddled with comments of envy.  If you want special privileges do something special with your life.  **** equality for all, communism doesn't work.  People with great ideas and that have the guts to act on their instincts/ideas deserve great rewards.
Sep 13, 2012 8:32AM
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My daughter is only 14 years old, and is a special needs child, and she started her own business (with our help).  Social programs may not be available for her when she is a young adult (the way things are going with this country now), so we are taking matters into our own hands, and have begun a business that will help the environment, help create jobs, and help make money for my daughter's future.
Sep 13, 2012 4:17AM
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We are going to need more than 11 smart teens if this country is to survive in the future.
Sep 13, 2012 3:03PM
Sep 13, 2012 11:35AM
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If I had a brother with $250,000 to spare, I'd be an entrepreneur too.
Sep 7, 2012 9:38AM
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I don't know why these people in here continue to post things that are unrelated to the stories.  I guess they figure that they too want to attract attention to their websites.  Never the less; is great to see how these young people were able to create their own niche and are successful in their endeavor.
Sep 7, 2012 11:24AM
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After reporting the spam sites there was only one real comment left on this page other than mine! Hey MSN WTF. ANyway congratulations to all of these kids. It shows what a determined young person can do when they put their mind to it.
Sep 13, 2012 11:57AM
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I have to say that the kid who formed Resight deserves all the fortunes he can get.  It's commendable for someone that young to think about caring for others.
Sep 13, 2012 9:14AM
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Understand the truth behind the myth....

 

A person has an idea. Then they make proposals to investment groups, relatives, friends or draw off retirement or pension funds. This is how they get the investment or 'seed money'. It takes money--lots of it and time--to become millionaire. You do have to show a prototype and hard figures for investors to invest.

 

You may have the idea but (most of the time), the investors put together (or are) the management team.They do have to protect their investment capital. A smart entrepreneur would maintain a controlling interest in the enterprise--through legal means.

 

Dont fall for the 'today I was eating Ramen noodles and now I make billions' legends. There is a logic behind story they dont tell you and this is the beginning of it. 

Sep 13, 2012 9:45AM
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I think we have to first off be positive and give some acknowlegement to these kids for being displine enough to start their own businesses! I also think that a person can determine the level of success they accomplish by how hard they are willing to work for it! Don't be upset with these kids for being smart enough to make money!!
Sep 13, 2012 2:04PM
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This page is riddled with comments of envy.  If you want special privileges do something special with your life.  **** equality for all, communism doesn't work.  People with great ideas and that have the guts to act on their instincts/ideas deserve great rewards.  Good for these kids, they should be praised and not ridiculed by the common, retarded, and pathetic American general public.
Sep 26, 2012 8:48AM
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These child richies must have had fabulous mentors.  It's time for each parent to step up and take reposibility for their own children.  Welfare breeds more welfare.  If you bring a child into this world on your own, than quit expecting the working class to provide funds for you to support your child.  It's easy...get a J.O.B.!!!

Sep 13, 2012 3:17PM
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How does "you didn't build that" apply to these proactive young men and women?
Sep 26, 2012 10:37PM
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To those who say, "It takes money to make money," here's something to take into account:
If you A) graduate from high school, B) don't get pregnant (or get someone pregnant) before graduating from high school, and C) don't get pregnant before getting married, your chances of living below the poverty line go down to around 10%.  Add some more common sense to your life, the number goes even lower.  Now, these are all things that pretty much everyone in America can do.  Stay in school, keep your pants on, it's pretty simple. 
That considered, getting the money that it takes to make money doesn't have to come from family or investors - it can come from savings from a day job.  What this says to me is mainly the truth that you don't have to follow the beaten path to be successful.  These people decided to leave the mainstream route of "high school then college then employed by company."  The key is having the creativity to start looking at the potential of things you have (like work ethic and ideas) to overcome obsticles (like lack of money or connections).
Sep 13, 2012 9:48AM
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All I wanted was to open upa BBQ drive thru reastaurant. My property was valued at $5 Million and the banks wouldn't give a $200,000 loan. GO FIGURE!
Sep 13, 2012 2:18PM
Sep 13, 2012 9:55AM
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CAPITALISM @ it's BEST is ALL it really is!!
Sep 13, 2012 3:26PM
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@Fairwitness, You're calling these successful teenagers filthy? Hmm, what an ignorant statement, i guess students making alot of money selling drugs, or prostituting is ideal , right? According to you're logic.
Sep 13, 2012 11:15AM
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I mean what 17 year old doesnt have enough money to buy a bus...

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