5 Innovation And Technology Co. Success Stories [2024]

Updated: November 19th, 2023
Start An Innovation And Technology Co.

Here are some real life success stories of starting a innovation and technology co. :

1. OWC (Other World Computing, Inc.) ($162M/year)

Lawrence O'Connor, the founder of OWC, came up with the idea for his business when he realized there was a lack of consistent and reliable solutions in the computer technology industry. He started by offering upgrades and support for Apple products, and through word-of-mouth and strategic advertising, OWC grew to become a trusted source for hardware and software solutions with a solid year-over-year growth rate of 18.4% and over $148 million in revenue in 2020.

How much they make: $162M/year
How much did it cost to start: $20K
Current team size: 250

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I Was Too Young To Drive But Started My Business Anyway: Now We're Approaching $200M/Year

OWC Larry, founder and CEO of Other World Computing, shares how he started his business at a young age with just a credit card, now experiencing a solid year-over-year growth with a CAGR of 43.78% over the past 33 years.

About
OWC started OWC (Other World Computing, Inc.) over 35 years ago
Revenue
OWC grew the business to $13.5M/month
Costs
It cost OWC $20000 to start the business
Read by 4,602 founders

2. Vizologi ($96K/year)

helping businesses find new opportunities using their AI-powered SaaS platform. With 50,000 monthly visits and a gross income of around $8,000 MMR, Vizologi has built a community of innovators that utilize their tools to create unique and creative startups. They attract and retain customers through SEO, direct sales via LinkedIn, and the AppSumo marketplace, and have seen success in selling lifetime plans. The future looks promising as they continue to add new monthly recurring revenue and expand their product offerings.

How much they make: $96K/year
How much did it cost to start: $30K
Current team size: 3

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Our $8K/Month AI-Powered SaaS Helps Businesses Find New Opportunities

Vizologi generates $8K MMR from their AI-powered SaaS business, providing business model ideas through a combinatorial algorithm based on neural networks, with 50k monthly visits and a CAC of $50.

About
Pedro started Vizologi about 5 years ago
Revenue
Pedro grew the business to $8K/month
Costs
It cost Pedro $30000 to start the business
Read by 2,369 founders

So... can you actually make money with a innovation and technology co. ?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

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3. BioFit ($240K/year)

John Zarbock, the CEO and Founder of BioFit, came up with the idea for his business after seeing a Facebook ad for an exercise machine that claimed to provide effective workouts in just 20 minutes a week. Initially skeptical, he decided to investigate further and ended up purchasing two of the machines. After experiencing a highly efficient full-body workout and recognizing the potential of these machines, Zarbock decided to start his own business centered around them.

How much they make: $240K/year
How much did it cost to start: $100K
Current team size: 3

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I Built A $240K/Year Business While Deployed In Kuwait

BioFit is a fitness studio that offers safe and effective exercise through high-intensity training (HIT) methodology, using adaptive resistance exercise (ARX) machines that can achieve results in as little as 20 minutes a week, with an 80% closing ratio, over 70% client retention, 125 clients, and an average monthly revenue of $20k.

About
John started BioFit over 5 years ago
Revenue
John grew the business to $20K/month
Costs
It cost John $100000 to start the business
Read by 2,770 founders