<p>Hi. I am a rising junior, hopeful of being the CEO of a company (that i'm starting)</p>
<p>Would being a CEO at 16 years old, having a cum GPA of 3.3 and SAT of 2330 be "broad" enough for me to be accepted to a top 10 university? I want to go to Princeton preferably and get my Executive MBA at Harvard Business School.</p>
<p>Or should I pull a "Mark Zuckerberg"?</p>
<p>I've heard from many, many reputable sources, including hedge fund managers and Michael Dell himself that this venture could be exponential in it's earnings and could POSSIBLY be a F500 Company (I kid you NOT)</p>
<p>I'm thinking college and being a CEO is too stressful and requires full time care (hence the Zuckerbergs, Gates')</p>
<p>Can I please get a plausible answer? THIS IS NOT A JOKE. I am 150% serious. This is not a gimmick or a hopeful "childhood dream". This is real and once it starts there is no turning back for me.</p>
<p>The title “CEO” or Chief Executive Officer connotes someone who is the head of a company, overseen by a Board of Directors and a large management organization. You state that this business model is in line to be a F500 company. Then why are you applying to college? Really. Otherwise…</p>
<p>What you seem to imply is “entrepreneur” or “started a business”. If I read CEO, I’d be extremely skeptical if not downright prone to scoff.</p>
<p>If indeed your business model is in line to be so successful, then go that route. Seriously – I’m not kidding. And best of luck to you.</p>
<p>The other reality is that your 3.3 Culm GPA won’t get in in any top 25 college at all.</p>
<p>well I mean I can always bring up my GPA, because i’m a rising junior, but wouldn’t they take into consideration that I WILL be THE CEO of a company whilst attending high school and getting an B+ to A- average? Would that be taken into consideration?</p>
<p>$1,000 in capitalization – HS resume fodder
$10,000 in capitalization – interesting entrepreneur
or $10,000,000 in capitalization – now this will get someone’s attention. </p>
<p>Big differences. CEO of what? A lemonade stand versus a company with 500 employees? C’mon. Stop trying to pull that “CEO” stuff. Want to rent office space? Purchase raw materials? </p>
<p>You’re a minor – and can’t legally sign a contract. </p>
<p>CEO? Really? </p>
<p>Seriously though, you speak b/c you’ve gotten positive feedback on a business idea. Great. Then do your work and find out what it takes to incorporate (I highly doubt your state’s incorporation laws will allow a minor to do it). If you keep chattering this “CEO” stuff, your trip from “interesting” to “meriting derision” will be very fast.</p>
<p>Finally,</p>
<p>“I mean I can always bring up my GPA,”</p>
<p>You do the math on your GPA. If you 4.0 for your next three semesters, you’re a 3.6 Culm GPA at the end of that – still very very very shaky.</p>
<p>If your company has the potential that you describe it to have, then college probably would inhibit its growth and would waste your time. On the other hand, if it isn’t going anywhere, then it won’t do anything for admission.</p>
<p>If you still insist on using it as admission make sure a few things are in place:
Don’t call yourself CEO (as previously stated). CEO does imply something you are not (as of now), and misusing these terms could damage your app
Make sure your filed as an actual business (Proprietorship, LLC, LLP…). Learn the forms of business organization and choose the one that best fits your current needs / future plans. Your parents may have to do this for you since your a minor but that shouldn’t be too big of a problem
Make sure that you file taxes accordingly. If its a proprietorship, your parents will include it in their income (may hurt you if they make a lot of money or if you have large profits). If its a corporation, your parents will still have to file for you but it won’t be accounted for in their personal income.</p>
<p>I don’t want to be harsh but understand that it is unlikely your company will become a F500 company. If these hedge fund managers and/or Michael Dell do provide seed capital to you that is impressive in itself, and depending on how much they provide you could definitely overcome the 3.3.</p>
<p>Lastly, “Pulling a Mark Zuckerberg or Bill Gates” involved entrepreneurship at a much later age (and greater maturity). At 16 years old, genius or not, you may be a bit too young to be taken seriously in the corporate world.</p>
<p>Will the real Avery please stand up? The facts you cite in your posting history are all over the place. Are you a chameleon? You want to be a Doctor, you want to be a stockbroker, you have a 2.3 GPA, you have a 3.7 GPA. No mention of your potential F500 company in any of your previous posts where you’re seeking advice on programs and other “chance me” threads. </p>
<p>"I have a 99 in AP Calculus BC and i’m a sophomore. Also since i’ve almost exhausted the math programs that my school offers, I might even consider going to college senior year instead wasting my time "</p>
<p>Your HS mathematics classes are below you but you can’t correctly project your GPA.</p>
<p>Here’s what you need to do: have a serious discussion w/your school’s guidance counselor (I believe you stated you attend a top 20 Boarding school right? Good, then your GCs will be fantastic). Ask him/her for advice.</p>
<p>At least stop contriving scenarios for us to comment upon…</p>
<p>What a massive ■■■■■. If the idea had F500 potential, college isn’t even a question. For that matter, if Michael Dell believed it had true F500 potential he would’ve had MSD snap it up.</p>
<p>Calling yourself the CEO of a company that is not successful won’t help you much. If your company is doing well…then it is fine. Otherwise…I would just make reference to starting your own business and running it, but not use the term CEO.</p>
<p>Do what you love, but also think about others who might have the same or similar experience as well. Rule of thumb is you want to be one of the best in whatever field you want to. People may tell you you cannot do this or that to get accepted, but they are wrong.</p>
<p>Can someone give me a guidance plan on what to tackle? I’ve had input but not many individuals have given me step by step instructions on what the running of a “website company” entails. </p>
<p>It is basically a type of “Ebay” or “Autotrader” that connects the buyer and seller proactively, and i’m hoping to get in contact with Google to use some of their technology (which would be beneficial to my team and I)</p>
<p>This is exploiting a market that hasn’t been touched yet, and I believe that profit margins will be exponential. </p>
<p>I will not disclose any specific information about the idea, but if I can get a website designer that has contacts it would be MUCH appreciated.</p>
<p>I need Google to help me with this endeavor. This is a part of the market that Google themselves haven’t even touched, and if they can be a partner and I can program Apple Applications, the possibilities are endless.</p>
<p>Theoretically speaking, I believe this is possible.</p>
<p>I have also “founded” a “company” of my own and I am currently a Junior. I have heard many different opinions on its weight on my applications. What I have learned is this:</p>
<ol>
<li><p>It is much better to undersell your position at very successful “company” than oversell your position at a weak one. It seems like you are overselling your position, and you have not truly provided evidence as to the fortitude of the “company”</p></li>
<li><p>Make sure it is aligned with the rest of your application. For example, I love teaching math and science. Therefore, my E.C’s include; tutoring, teaching at a summer school, Interning at an education foundation, creating lecture videos for my physics class, and creating my business. I created the business as a result of my passion, not as a way to get into Stanford (my goal). The business is structured around education, and so it follows my passion and I will in the end be able to write a strong essay about my experiences with it.</p></li>
<li><p>Sure, your business is possible. Idealistically, it will be a great thing to have. Realistically, it is going to take work. Is it really worth it, to pour hours into the business during your Junior year, arguably the most crucial of HS? I am almost at launch date for my site, and it took a TON of work. BRD’s, PRD’s, product req. stuff and feature lists take time. Even after you have that done, you will need to find a programmer (I did this phase myself-took even more time). Do you have any wireframes up? Your main focus should be grades if you want to get inside the threshold at any top 10 school. The business will get you through the door.</p></li>
</ol>
<p>Also, it doesn’t take a math/business genius to know that your product margins will not be “exponential”. Start small, and integrate it into something you clearly like doing. </p>
<p>Hope I have helped. If you have questions about my business, PM me. I have answers.</p>
<p>I know some people that would fit your bill. But their time is valuable, and I’d be putting my name on the line for an idea I can’t even explain. What am I supposed to tell them? “This kid wants to make an ebay for a market that hasn’t been touched which supposedly has ‘exponential’ profit margin growth and is only ‘theoretically’ possible”?</p>
<p>Generally speaking, when wannabe Zuckerbergs start talking to me about “exponential profit margins” my eyes glaze over. You’re going to at least have to give a little more color on what you plan to do before any reputable web designer or engineer will jump on board.</p>
<p>If you want to be taken seriously by an admissions officer–or, for that matter, by anyone reading your resume–don’t call yourself CEO. It makes you sound like you’re full of yourself. Right now, you’re probably just the founder of the company. Were your company to succeed and grow, you could then call yourself CEO without people laughing at you.</p>