Everyone is familiar with the story of how David Karp launched the successful blogging website Tumblr from his mother’s apartment, at a time he was broke and helpless. Flash forward ten years later, at only 26 years old David Karp has built an empire of 1 billion dollars and now he is receiving roughly up to $220 million from selling the site to Yahoo.
Up to this day, David Karp story of his steady rise to fame has inspired many entrepreneurs who are struggling to set up their own business. We have taken tips of creating a successful business from Karp and other successful social media website owners alike such as Mark Zuckerberg and Evan Spiegel, on how to launch a successful startup.