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Tuesday, March 13, 2012

Pete Cashmore who started website WORTH £127M in his BEDROOM in Scotland!

- 'Planet's sexiest geek' who started website in his bedroom in Scotland set to make $200MILLION as CNN target

- Pete Cashmore started the site to escape the boredom of his studies

- He said the site made him feel like he was achieving something in bed

- Mashable is now one of most read blogs with 50m page views a month

A blogger who started one of the world's biggest social media websites from his Scottish bedroom because it was 'something to do without getting out of bed' is set to become a multimillionaire amid the likely sale of the site to U.S. news giant CNN for $200million.

Pete Cashmore, now 26, created from his room in Banchory, Aberdeenshire, in 2005 when he was just 19 in a bid to escape the boredom of his studies.

Seven years on, the technology news site now has its head office in New York and Cashmore, who was once dubbed the 'planet's sexiest geek', is set to live up to his name by becoming one of the world's wealthiest men.

Now employing more than 40 people, Mashable covers and aggregates a wide range of news related to the fast-evolving social media and Internet sector covering companies ranging from start-ups to larger players including Facebook and Twitter and has 50 million page views a month.

Cashmore, who already writes a blog for CNN, went to his local school, Banchory Academy, but was forced to spend large amounts of time at home following problems after surgery for appendicitis aged 13 and fell behind with his studies.

It was then the self-described 'geek' discovered the internet which became his bedside companion and he began to blog about social media.

He said working on the site made him feel like he was achieving something in bed and following his health problems said he had become 'driven'.

The site soon began to make a small amount of money from advertising each month and he was able to take on another writer.


Lisa Bettany and Pete Cashmore founder of Mashable

Cashmore grew up in Banchory, 18 miles from Aberdeen.

He was educated at the Banchory Academy but suffered health problems following surgery for appendicitis aged 13.

Forced to recover at home he started spending time on the internet and began blogging about social networking aged 19.

He then turned his back on university and decided to work on the site full time when it began to take off.

The company is now said to be worth £127m and has offices in New York and San Francisco and he is dating model and photographer Lisa Bettany, pictured with the entrepreneur above.


p/s: At least he achieve something at his bedroom. Inspirational.

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