I became a multi-millionaire in my 20s and lost it all: Anupam Mittal

Anupam Mittal, the founder and CEO of Shaadi.com, recently shared on LinkedIn his journey of financial ups and downs and how he built Shaadi.com. 

Mittal initially achieved millionaire status but lost it all before rebuilding his fortune with the creation of Shaadi.com.

Mittal revealed he was a key player at MicroStrategy, a company that soared to a $40 billion valuation. 

However, the dot-com bubble's collapse in the early 2000s brought him into heavy debt as his finances plunged.

“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,” Mittal wrote in a Linkedin post. 

He added, “In fact, I got into heavy debt. By 2003, I was back in 🇮🇳 with nothing but the memory of winning - and losing big,”

After a setback, Mittal refused to give up. Instead, he saw it as a chance to start fresh. Driven by past experiences, he went 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. 

Mittal recounted that he somehow found the courage to take that bold bet and that leap of faith, despite the criticism & naysayers, and it changed his fortunes.

Social Media Reaction:

One user wrote, "Winning and losing is entertainment - meant for the audience... the entrepreneur has to keep going..winning or losing is not in the radar of a true entrepreneur."

Another user commented, "Inspiring journey, Anupam! It's a reminder that success is not a straight path but a series of ups and downs. Your story highlights the importance of resilience, learning from failures, and having the courage to take bold risks. Congratulations on your achievements, and thank you for sharing this with us!"