At just 27, Jon Carder had enough money to retire.In 2006 after selling his online loan-finding website ClientShop for $10 million,he had a retirement party then spent three weeks travelling, surfing and catching up with friends.But when everyone went back to work, he realized he was too bored .”We had an epic time and I couldn’t have been happier,” he says. “I learned that money can buy happiness, but it’s a limited-time-only happiness.”Now 36, he told Business Insider: ‘I was bored. Like really freaking bored.
His career in business creation started when he was a teenager.
He started his first company, BabysHeaven, when he was a sophomore at Point Loma Nazarene University in San Diego where he studied philosophy and art.He sold it ‘for a few thousands dollars’ at just 22.Then it was on to the next project: Client Shop. The website helps people find the best loans to buy a property. Five years later, it made Carder a multimillionaire.
His success was so quick that he said his mother thought he had started dealing drugs when she saw his first car.It wasn’t until four years later when she saw a Fortune magazine cover with her son on it, with the headline: ‘Jon Carder sold his business, Client Shop, for more than $10 million’ ‘Ever since then she’s been a proud mom,’ he told Business Insider.
When he decided to ditch retirement, Carder’s first thought was to create a crowd-sourcing website to rate businesses. So within days he rushed to an internet cafe in Indonesia to buy a new website for company No. 3:, which was a place for people to find the best local businesses like plumbers, doctors, and restaurants by tapping into the wisdom of the crowds. ‘I realized that although being an entrepreneur was stressful and excruciating at times, it was so much more fulfilling to be building something that was making a positive impact on people’s lives than it was to be doing nothing.’
But when he discovered Yelp he ditched that plan, and eventually moved on to Mogl, an app which restaurants can use instead of issuing discount vouchers or coupons.
‘I may finally, after 16 years of struggle, be able to truly create massive impact. I might have missed the opportunity had I not retired and realized what really mattered most to me in life.’