Muslim entrepreneur sells Webs.com for $117.5 million
Haroon, a 35-year-old Harvard law school graduate turned entrepreneur who sold his first company for $117.5 million dollars, is definitely on his way to achieving his goal!
After graduating from the University of Maryland with a degree in economics in 2001, Haroon and his brothers started a company, Freewebs.com, a platform to let people build their own website.
But after graduating from Harvard with a JD in 2005, Haroon had a decision to make “I had a choice between joining a law firm or doing business, so we decided to go all out in the business. I turned down that offer and didn’t take the bar exam. I decided that I’d rather be an entrepreneur than a lawyer,” he adds.
Along with his older brother, who quit his job at the National Institute of Health, and help from his younger one who was still in high school, they launched the company full time.A year later, they had raised $12 million dollars from two venture capital firms and a few Silicon Valley angel investors. By 2011, Freewebs, now called Webs.com, was doing extremely well and was acquired by Vistaprint and became their digital arm.
So what’s Haroon’s message to budding entrepreneurs? “Most businesses fail because they never get their first customer. A business isn’t really a business until you have a customer that is paying you. At the end of the day, a business and a product is a promise. And a promise is a very powerful statement.”
Things Muslims Like: Halal Products, Halal Tourism Offers, News and Info from the Muslim World!
TML brings you with the best, latest and most interesting information from the Muslim world. At TML, we manually go through the internet and collect the latest interesting releases from the best sites and blogs that are related to our topics.
We do not want you to miss out on any of that precious and interesting information. So we have made it our job to gather the best information out there and deliver it to you.
Join our mailing list today!
We won't rent or sell or spam your email ever. We promise!
We are sad that you are blocking advertisements on this site. Ad revenue allows us to provide you with quality content. If you enjoy our content, please consider supporting us by either whitelisting us or deactivating your adblocker. Our ads are never intrusive. Promised!