How Tumblr founder David Karp became a billionaire?
David Karp, who sold Tumblr to Yahoo for $1.1 billion in 2013 and put $275 million in his pocket, made his mark among the millionaires of the internet industry. David Karp, who was only 26 years old in 2013, draws attention with his life story as well as his company.
Karp is the son of a composer father who makes music for television series and a teacher mother. Learning to code on his own at the age of 11, the young millionaire started writing HTML and then started making plans to start a business.
David Karp then continued to improve himself, and after this process, he dropped out of high school with the approval of his family. Meanwhile, David Karp started his career as a technical consultant for UrbanBaby.com, a New York-based forum site acquired by CNET in 2006. However, Karp drew attention to the fact that he completed the projects that would be completed in a few days within hours, and he became the head of the product division. Let's even share that David Karp bought some shares in the company.
Continuing to work at UrbanBaby.com until the age of 17, David Karp went to Japan to improve himself and focused on his software skills. Karp, who stayed in Tokyo for 5 months and returned to New York, founded a consulting company called Davidville. Another product of Davidville, which has many products, is Tumblr.
When the dates showed 2007, David Karp posted the Tumblr he had been working on for a long time from the room of his Manhattan home. Tumblr, which grew like an avalanche after this period, received its first investment in 2007. The young millionaire sold 25 percent of Tumblr's shares for $ 750 thousand at that time. In fact, Karp describes that period in an interview with the Guardian newspaper: "In the first three years, there were people who pulled me aside and tried to convince me that I could get rich right away at 23."
On the other hand, David Karp has an investor hat as well as an entrepreneur. David Karp, who has made very different investments so far, made his first investment in 2012 in a mobile news startup called Circa in April. His second investment was in Picturelife, a photo and video sharing service. Another investment by Karp was in Kitchensurfing, a food discovery service.
What does David Karp do? David Karp, who owns a $1.6 million home in Brooklyn, has been living with his long-time girlfriend Rachel Eakley. Let's share that Karp, a Vespa enthusiast, has a 1996 Porsche 993 Carrera 4S.