Sam Altman is the founder and CEO of Loopt, which is a location-based social networking application for mobile platforms, that allows friends to find each other with greater ease. Sam founded Loopt in 2005 during his second year at Stanford University, where he studied computer science.
Sam Altman managed to raise $5 million in funding from New Enterprise Associates and Sequoia Capital when he was 19 years old and had just set up Loopt.
When he was 21 Business Week named Sam as "Tech’s Best Young Entrepreneur in Technology."
After he completed his second year at University he decided to leave education and work on Loopt full time. Now he is competing with the likes of Google and EarthLink.
Loopt currently has well over 3million users and that is growing at a rate of 15% per month.
At the end of the day Altman says “There are some days when it looks like everything is going to blow up and other days when things look insanely good, if you let that get to you, you never actually get any work done.”