The Wealth Choice: Success Secrets of Black Millionaires by Dennis Kimbro

Author:Dennis Kimbro [Kimbro, Dennis]
Language: eng
Format: mobi
Publisher: Palgrave Macmillan
Published: 2013-02-18T14:00:00+00:00

FOUR

TO THINE OWN SELF BE TRUE

FIND YOUR UNIQUE GIFTS

The Fourth Law of Wealth

Don’t follow where the path may lead. Go instead where there is no path and leave a trail.

—Ralph Waldo Emerson

Creating and building one of the fastest-growing technology firms in the country—a company that currently nets more than $200 million per year in sales and has been valued at more than $1 billion—not only required Amos Winbush III to master the fourth law of wealth but forced him to call on and utilize gifts and talents that he never knew he possessed. Barely 30 years old, his business acumen and savvy have earned him numerous awards, including Entrepreneur magazine’s 100 Brilliant Companies award and Inc. magazine’s 30-Under-30: America’s Coolest Young Entrepreneurs.

Ironically, it took Winbush less than two years to sense that a college degree was not for him. Although he enjoyed the collegial atmosphere and his business management classes at Louisiana State University, climbing the corporate ladder and dancing to someone else’s drum was less than appealing. After dropping out and moving to New York, what began as a hobby soon became his main source of income. If his last name sounds familiar, it should: Rhythm and blues singer Angela Winbush is a cousin. Most of Amos Winbush’s family found fame and fortune in the recording industry, and, in 2007, he was poised to do the same, landing a record deal after releasing a series of promising singles. But before his music career could advance any further, fate would play a role.

During a recording session, Winbush noticed that his iPhone had gone completely black, resulting in the loss of critical information and contacts. Frustrated and with nowhere to turn, he spent the better part of a week trying to recover the lost data. The experience led him to quiz other cell phone users as well as their mobile carriers. Baffled that no one had addressed what he believed to be an avoidable problem and angry that his mobile provider had not warned him of such a possibility, an idea was spawned. “I could barely sleep,” he recounted. “I literally dreamed about launching a company that would solve an industry-wide problem. The next morning I called my business manager and asked ‘How do I start a tech company?’”

Winbush was intuitive and had a keen instinct for making technology user friendly; his creativity as a musician also served him well. After consulting with a software engineer and a host of technology developers, Winbush took the plunge and bootstrapped his company out of his Manhattan apartment. With limited funding and no office, his small team worked from home and local coffee shops. Over the course of the next five years, Winbush skirted bankruptcy and began to frame what would become one of the hottest technology start-ups: CyberSynchs LLC. His goal was to design and build a universal wireless platform that allows users to store, synchronize, and transfer electronic data on the Web to and from virtually any media device—including cell phones, cameras, and personal computers—regardless of where the data are generated.

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