Mittal, now a well-known figure in India’s startup ecosystem, revealed how he initially achieved millionaire status, only to lose it all before rebuilding his fortune with the creation of Shaadi.com.Mittal revealed that he was a key player at MicroStrategy, a company that soared to a staggering $40 billion valuation. He also added that at the height of his success, he indulged in the luxury of a Ferrari. However, the dot-com bubble’s collapse in the early 2000s brought his financial empire crashing down.
“But as quickly as it came, it all vanished. The dot com bubble burst, and with it, the money disappeared. In fact, I got into heavy debt,” said Mittal in the post.
Despite the devastating setback, Mittal refused to give up hope. Instead, he viewed it as a chance to start fresh. Driven by the boldness he had gained from his past experiences, he embarked on a new business venture. “The domain cost $25,000, and we had only $30,000 left. It was an all-or-nothing move. People thought I was crazy. They questioned my business sense too,” added Mittal.
Read the complete post here:
I became a multi-millionaire💰in my early 20s. And then lost it all in the dot com bubble of the 2000s.
Back then, I was riding high as part of MicroStrategy that skyrocketed to a $40 billion valuation. Life in the US felt like a dream. So much so I even ordered a Ferrari 🤑
But as quickly as it came, it all vanished. The dot com bubble burst, and with it, the money disappeared. In fact, I got into heavy debt.
By 2003, I was back in 🇮🇳 with nothing but the memory of winning – and losing big.
But I wasn’t done yet 😅
With the kind of audacity that only comes from losing it all, I set out to build another dot-com venture— Shaadi.com (amongst others such as makaan.com & Mauj Mobile)
The domain cost $25,000, and we had only $30,000 left. It was an all-or-nothing move. People thought I was crazy. They questioned my business sense too.
But I went all-in because I felt this could the game-changer. I turned out to be right.
Somehow I found the courage to take that bold bet and that leap of faith, despite the criticism & naysayers, changed our fortunes.
To me, It was never about the money—it was about proving to myself that I could rise from the ashes, that my spirit of entrepreneurship wasn’t tied to a single success or failure.
Today, I try to carry that same mindset to everything I do. Success isn’t about going along with the popular opinion – It’s about walking in the other direction of the crowd and hopefully being right 🍀
So, to the risk-taking professionals & founders out there – keep backing yourself. The game isn’t over until you win 💪🏼
