One of her businesses was eventually sold to payment giant PayPal for $400 million.
This story requires our BI Prime membership. To read the full article,MIT-educated engineer Lisa Shields became an"accidental entrepreneur" when she founded digital wallet company Hyperwallet following the dotcom crash.
In the early 2000s, Shield — an MIT-educated software engineer from Canada — co-founded a digital wallet technology company, Hyperwallet. The business was beset by the difficulties you might expect for a first time founder, with funding hard to come by in the midst of the dotcom crash. However, after a"bootstrapped" first eight years, by 2009 Hyperwallet was profitable and things were looking up. Shield's involvement in the company lessened after a private equity exit in 2014, but she stayed on as a board member as the business was sold on to payment giant PayPal in 2016 for $400 million.
"If you'd asked me before, I would have said run and hide do not start a tech company," she said."But when you assess things in retrospect, you tend to gloss over the dark times and actually sustained hardship can be really beneficial."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New firms help startups keep track of their ownersOf 135 American unicorns, the average raised money seven times, often issuing different share classes each time
Read more »
Here's Why Some People Are Upset Archie Harrison's Christening Is PrivateMeghan Markle and Prince Harry have decided to keep their son, Archie Harrison's, christening private, but some are upset since the royals use taxpayer money.
Read more »
Here’s why millions of millennials are not homeownersHomeownership among millenials is lower than their parents and grandparents. Here's why
Read more »
When resigning, here's why you should never accept that counterofferIt may seem like you have the upper hand, but the reality could be quite the opposite.
Read more »
Here's Why You Need To Invest In A Retinol Night CreamGo to sleep and wake up with no fine lines, hydrated skin, and a beautiful morning glow. This tube works overtime to moisturize and brighten dull and depleted skin.
Read more »
Learning to Live With a Partner Who Never Says ‘I Love You’I’m a words person. He’s … not.
Read more »