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Prominent German businessmen under 40
What growth opportunities are available today for Germany’s economy? The global economic crisis and deepening recession of 2009 have resulted in a dire situation for companies around the world, and there has been a dramatic 20 percent increase in the number of German companies filing for bankruptcy.
The German Central Bank (Bundesbank) recently revised its forecast for the country’s economy. In its semiannual report published on June 5th, the Bundesbank stated that the German gross domestic product (GDP) is expected to contract by a record 6.2 percent in real terms.
This came as no shock, as over the preceding few months, the president of Germany’s Bundesbank, Axel Weber, had already implied that the German Central Bank would revise the figures considerably downwards.
Despite the fact that in 2008 Germany still had an average annual economic growth of 1.3 percent, and 2.5 percent in 2007, the country today is mired in the sharpest recession of German history.
Yet even in the face of the global economic crisis, Germany’s top managers are optimistic about Germany’s future prospects for business growth. In particular, they are counting on certain young entrepreneurs, whom they believe will be of vital importance to the future of Germany’s economy, and whose success stories offer hope and promise of better days ahead.
When 800 top executives were surveyed as to which young German entrepreneurs they believed had led their companies to greatest success by delivering top notch performances, they cast their votes. Following is the list of Germany’s most popular young entrepreneurs.
1. Marco Börries
At age 16, Marco Börries (39) founded the company Star Division and proceeded to develop StarOffice – computer software that offered an alternative to Microsoft Office. In 1999, Star Division sold for tens of millions of dollars, and two years later Börries founded his next company, VerdiSoft. This new enterprise, which developed a technology called Yahoo! Go, was bought by Yahoo in 2005, with Börries remaining on as executive vice president.
2. Oliver Samwer
In 1999 Oliver Samwer (35) co-founded the internet auction house alando.de, patterned after the US company eBay. After only six months, Samwer sold the company to eBay for $50 million US, and one year later founded Jamba! GmbH, which became the largest European provider of cell phone ring tones and applications. In 2004, the US group VeriSign took over Jamba! GmbH for $273 million US, and Oliver Samwer became an angel investor, working with startups within the internet and mobile telephony industries.
3. Lars Hinrichs
New economy entrepreneur Lars Hinrichs (33) is the founder of XING (formerly openBC), a global internet networking system for the private and business sectors. In 2003, Hinrichs originated Xing AG, a web-based platform for online business networking and today considered to be one of Germany’s most successful internet enterprises.
4. Lukasz Gadowski
Entrepreneur Lukasz Gadowski (32) is the founder of the pioneer social commerce company, Spreadshirt.com. Established in 2001, the company now has over 300 employees worldwide. Lukasz Gadowski remained as chairman of Spreadshirt’s supervisory board until 2008, when he left to work with his newly established holding company, Team Europe Ventures, a venture capital firm that invests in new startup companies.
5. Jens Schumann
In 1999 Jens Schumann (35) founded the company Tipp24 AG, offering almost every state lottery game over the internet. From the beginning the company showed an impressive expansion rate, and today it has roughly 200 employees and more than 2 million customers. Since March 2009, under a new gambling treaty, www.tipp24.com has been operated by the London based Tipp24 Services Ltd.
6. Lars Windhorst
Lars Windhorst (32) founded his first company, Windhorst Electronics GmbH, in 1993, at the age of 16. Within one year the company had reached $90 million US in sales by importing electronic components from Asia and selling assembled personal computers across Germany and Europe. By 1996, the Windhorst Group had diversified into a trading and investment conglomerate with activities in electronics, industry, trading, real estate and finance. Today Lars Windhorst runs the German company Sapinda Deutschland GmbH as CEO.
7. David Finkenstädt
At the age of 16 David Finkenstädt (26) developed www.Beepworld.de, a website generator that allowed users to construct their own personal homepages. Beepworld is one of the few internet platforms that do not depend on advertising revenues, but is based rather on membership fees. With almost 4 million private and business member sites having already emerged from Beepworld, the company’s current annual sales volume is in the millions of Euros.
8. Alexander von Strombeck
In 2003 Alexander von Strombeck (38) founded the company Riftec GmbH. The company’s success rests on the new, internationally renowned welding technique of ‘friction stir’, which saves manufacturers both resources and expenses. Today Alexander von Strombeck provides manufacturing for the machinery, medical engineering, shipbuilding, aerospace and automotive industries, and the company’s annual sales volume comes close to 2 million Euros.
9. Oliver Enderlein
CEO of Dacapo Holzbau GmbH, Oliver Enderlein (24), founded his company in 2000. It soon rated among Germany’s most prosperous carport groups, and by 2007 its annual turnover reached six million Euros. Dacapo builds roofing for automobiles, as well as special constructions and carports for the Middle East. In December 2008, Oliver Enderlein resigned from the company.
10. Sebastian Bärhold
Sebastian Bärhold (28) is one of the six young founders of amiando AG. Established in 2006, amiando’s web-2.0 platform provides a tool for online event organization – the first of its kind in Europe. The platform supports invitation management and community building for events of all kinds, and plans to enter new markets are already in the pipeline.
About the Author
Kathrin Hoffmann is based in England and has been a professional writer for more than 10 years. Kathrin specializes in writing board level biographies and resumes. Kathrin also teaches professional writing and offer professional writing workshops. An example bio page written by Kathrin: Lars Windhorst Bio
Tayfun Aksun – Egenium GmbH: Um die Ecke denken (DE)
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