Wednesday, December 03, 2025 | 06:53 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

How to turn your mom's savings into $1 bn using Amazon? Ask this ex-Googler

Seven years later, Anker Innovations Technology Co. sells products ranging from smartphone chargers to portable power banks on Amazon.com

anker innovation
premium

Anker Innovations sells chargers on Amazon

Blake Schmidt and Venus Feng | Bloomberg
After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

So Yang combined his Google money with his mom’s, and with less than $1 million in seed capital he moved from California to Shenzhen, a hub in southern China for technology companies. Seven years