Name/age:Bill Nguyen, 28
Company/description: Onebox.com is a communications application service provider.
Based: San Mateo, California
1999 sales: Sales just started
2000 projections: $1 million-plus with more than 2 million users. The company has recently been acquired by Phone.com of Redwood City, California.
Watch and learn: With only eight credit hours left, Nguyen dropped out of college at Houston Methodist University and began his journey to success. He became a financial analyst and participated in an entrepreneur-in-residence program at a VC firm before starting Onebox.com in 1998, his fifth start-up. "Watching other people do it is the way to learn," says Nguyen.
Taking advantage of natural resources: Starting a business in Silicon Valley has its advantages. With a support structure already in place, Nguyen found it wasn't difficult for him to get capital, a solid banking relationship, an office manager, office space, furniture and an HR manager when he started.
Eureka! "From an intellectual standpoint, you figure this is like the Gold Rush," says Nguyen. "You have all these brilliant people from all over the world coming to Silicon Valley to prove they have the best idea. Competing against the brightest people and succeeding- is the most rewarding thing for me."