17-year-old Jake Fisher and Weina Scott, who met via an online message board, started their business in June 2005.

Switchpod is a podcasting hosting service that provides both free and premium accounts. You can create a podcast with their technology, upload it to Switchpod and be podcasting to the world in a matter of minutes.

Switchpod’s product soon generated 800,000 downloads and was bought out by Wizzard Software in an all-stock transaction worth $200,000. The sale also provides the partners with annual salaries of $40,000 for a 20-hour workweek.

Photo by Inc..

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