Tom Anderson is the co-founder of Myspace, which used to be the most popular social network before Facebook. Before Myspace, Tom started a company called ResponseBase with Chris DeWolfe; who he met at his previous job. ResponseBase was then sold to eUniverse, an internet marketing company. With the help of eUniverse, Anderson and DeWolfe were able to make the Myspace website in just 10 days. They used a rival social media company called Friendster as a model because Anderson saw that there were somethings about that website that he could improve upon. Myspace quickly gained traction among teens and was becoming extremely popular. Newscorp (owned by Fox Broadcasting) offered $580 million to purchase Myspace, which Myspace accepted.  After the purchase things seemed good for Myspace as it was only getting more popular, but soon Facebook was catching up. Myspace was getting too ad heavy, while Facebook was much cleaner. Tom Anderson was replaced as president of Myspace in 2009, blamed of slowing things down. Anderson was a very wealthy man from the Newscorp acquisition and could retire at a very early age. In 2014, Anderson now is a very active photographer and does not have any active roles in any startups. Myspace was sold in 2011 for a measly $35 million due to lack of users. Anderson is a great entrepreneur because he started the biggest social network of its time, and Social networks are now a huge market.

CitiKitty is a toilet training tool for your cat! CitiKitty was invented by 25 year old Rebecca Rescate when she moved to a small apartment and didn’t have the space for a litter box. CitiKitty’s main selling point is that your cat can go from litter box to toilet in as little as 3 weeks. The way it works is the kit includes 4 toilet seat covers, each ring gradually get smaller. The idea is that you get your cat used to using the toilet by installing the extra-large toilet seat so the cat is comfortable about not falling in, and gradually shrink the toilet seat until you don’t need the CitiKitty toilet seat anymore.

Rebecca recognized a problem and realized there weren’t any good solutions for it, so she developed her own. After tons of buzz on the internet, Rebecca decided to go on Shark tank. Kevin Harrington, the inventor of the infomercial, gave Rebecca $100,000 for 20% stake in her company. After its appearance on Shark Tank, CitiKitty brought in $350,000 in just one month; and over $1 million that same year. The same night the show aired, Citikitty was #1 in Amazon in the Home & Garden Department.

On Rebecca’s website (http://www.rebeccarescate.com/) she states that she is no overnight success. Rebecca dropped out of an MBA program to follow her dream and work on CitiKitty. She had no business experience and had to teach herself how to run a business and market her company for under $1000. Since the success of CItiKitty, Rebecca has invested in other ideas like the hoodie pillow, another product to air on Shark Tank. Rebecca is an example of a true entrepreneur, someone who notices a problem and has a unique solution to it that people will pay for.

To buy the CitiKitty on amazon follow this link http://www.amazon.com/CitiKitty-Cat-Toilet-Training-Kit/dp/B000F1OS20/