Young millionaire: Andrew Mason, 29

His claim to fame: He created Groupon, a coupon site like no other. Revenue is estimated to hit $350 million in 2010, and the company has been valued at $1.2 billion.

His blueprint for success: Mason harnessed the power of collective buying action. Groupon, available in cities nationwide, offers discounts from local businesses -- generally significant discounts, like 59 percent off admission to a laser-tag arcade or 67 percent off a week at a daycare center. If enough consumers respond that they'll take a particular deal, it goes forward. If not enough respond, the business can pull the deal. It's a win-win situation for everyone, since customers save a ton of money, businesses gets an influx of customers, and Groupon takes up to 50 percent of the cut.

Young millionaire: David Chang, 32

His claim to fame: Back in 2004, he created Momofuku, a noodle bar in New York City, which has since spawned a mini empire of line-out-the-door restaurants across the Big Apple.

His blueprint for success: Since opening his original noodle bar, Chang has expanded to several other locations, including Momofuku Ko, a 12-seat restaurant that takes reservations six days in advance, online only, and on a first-come first-served basis -- infuriating some fine-dining folks who want to eat there sooner and more frequently. Nonetheless, the restaurant is always packed. Chang has also authored a cookbook, and for his creative-yet-affordable culinary creations, earned himself a spot on the 2010 Time 100 list.

Young millionaires: Chad Hurley, 34; Steve Chen, 32; Jawed Karim, 31

Their claim to fame: If you've ever watched a video of a cat playing the piano or Susan Boyle singing her heart out, you know these guys. Yep, they co-founded YouTube.

Their blueprint for success: Hurley worked at PayPal and talked up the idea of a video-sharing site with two coworkers, Chen and Karim. When they were given a bonus after eBay bought PayPal, they used that -- along with some venture capital -- to build an office in a garage. It was there, in February 2005, that they started YouTube. While Hurley, Chen, and Karim's exact net worth is unknown, but you can do the math: Google bought YouTube in November 2006 for $1.65 billion.

Young millionaire: Kevin Rose, 33

His claim to fame: He created Digg, a content-sharing site with estimated revenue of $31 million.

His blueprint for success: Like a lot of these young millionaires, Rose tapped into the wisdom and acceptance of crowds. Rose's business depends on people from all walks of life around the globe. In a nutshell, Digg asks people to vote on a story, asking them if they "Digg" it. Rose was featured on the cover of BusinessWeek in 2006 with the cover line: "How This Kid Made $60 Million in 18 Months." Despite plenty of critics who question whether the site has a solid business model, BusinessInsider.com recently suggested that the company could be worth $250 million.

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