Europes Young Entrepreneurs

October 10, 2006 at 3:06 am Leave a comment

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Fathi Said

Ecommerce Holding
Freistadt, Austria
Age: 24

An Austrian immigrant who speaks unaccented English, Fathi Said has the distinction of having launched and lost his first company, Web hosting outfit Hosting-Network Inc., by the time he was 20 years old. He says he got into business with the wrong partner-and clearly, the collapse of the firm, which hit $7.5 million in annual revenues in 2002, still hurts.

So guess what Said did? He started another Web hosting company in 2003-this time called Headquartered in Austria, but with its main data center in Kentucky, Ecommerce has attracted 80,000 customers and plays home to more than 150,000 Web sites. The company has 13 employees in five countries, and revenues should hit $12 million this year.

Said has big plans for the future, including a new $15 million facility in the U.S. that will allow dedicated servers and a hush-hush e-commerce project. He’s not resting on his mere comeback: Said aims to go much further than before.

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Entry filed under: Internet Startup.

23 Year Old Launches 1 Man Start-up Makes $300K/month

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My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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