Archive for Databases

High School Philanthropy – Jack Kim, Benelab

Entrepreneurial development: At this point, Jack is in his early twenties and has used his skills in creating computer software to create a number of successful online programs. The first of these which was profitable for him came at the age of 14: he called it Twigoogle, a search engine specifically targeting fans of the well-known Twilight series which made money through advertising. More notably however, was his development of a program know as Benelab a few years later at the age of seventeen. Benelab focused on the problem of the inaccessibility or lack of ease of philanthropy in modern day life. This software sought to solve this problem. Benelab is a search engine which generates donations from online traffic. Anyone who uses the search engine is therefore being philanthropic because all of the revenue generated from people using it goes directly to charity.

Among Kim’s most notable characteristics is his ambition: he started off his Benelab project with a budget of only $1,500 dollars and a goal of raising $100,000. He was also unique in his implementation of his adult policy- stating that only kids could work on the program along with him. He started off with a number of failed search engines, and eventually he refined his craft and was successful. I respect greatly the fact that someone so young can be focused on philanthropy as well. It was a successful idea because many people would like to be philanthropic, but often wont go out of their way. With this solution, people can conveniently be so without any money coming out of their pockets, they lose only the convenience of using a different search engine. Jack has really shown the importance of finding a niche in which you work best and enjoy working, and one in which there exists room for continued innovation- Jack has since founded a number of similar programs whether for profit or charity. He is also insightful in his revelations that,all he is doing is putting a bunch of small parts [or ideas] together to make one big product nothing is from scratch He goes on to say that this is no different from any other product in the world, even a search engine is the result of a number of small parts coming together to create a whole.

Here is a link to the video where Jack gives a Ted Talk on his discovery of what he calls the incredible world of entrepreneurship –  https://youtu.be/r1L91sVbN64

Millennials Needed to help with Social Media Management

As social media has become increasingly popularized in this generation, companies are using all social media platforms to market and reach customers. However, reaching the public and getting activity on their accounts turns out to be a lot harder than they thought. A lot of companies didn’t understand how people moved through social media: what caught their eyes, what they click on, what they care about. But people who are regularly using social media know how people use it. Millennials are, for the most part, masters of social media. Many use various social media sites every day and some have millions of followers just because they post content that the users want to see.

Because millennials are so knowledgeable about social media, companies are looking to hire millennials to coach them on how to manage their accounts or to completely run the account. This is a great opportunity for millennials to aid companies in reaching the market and getting the most out of traffic through their accounts.

Tracy Samantha Schmidt who is 32, is a social media educator and digital marketing consultant. She says social media coaching is a low-cost, potentially lucrative business idea. She has helped various companies with their social medias and is getting paid for it. If you use social media every day chances are you know more about social media than the average person. Why not put that knowledge to good use and make money for it? Start small and help a local company or friends company. Then use those experiences to work your way up the ladder and maybe someday you could be the Social Media Manager at a Fortune 500 company.

The Offline Search Engine

Deepak Ravindran, the co-founder of “Innov”, has created the offline Google for the billions of “dumb-phone” users around the world.  Innov is an automated artificial intelligence that receives SMS (text messages) from subscribed users and then replies via text message with the information asked for.

innov

Innov plugs the gap for people who have phones, but have no internet access.  Deepak created Innov with the dream of giving people access to information in a simple and affordable way.  In developing Innov Deepak said, ” We don’t want to be another Internet company competing with Android, or any other OS.  We just want to provide a solution for all of us to bring the Internet to the people that don’t have it.”

Innov offers an affordable monthly subscription plan of 30 rupees per month, which is less than one US dollar.  This plan offers dumb-phone users full access to the offline web.  Deepak launched Innov in India, however today they are operating in seven different countries.  “More than 120 million users have tried the service around the world so far,” says Deepak. “We’re focusing on developing nations – we want to be the Google for the developing world.”

Deepak’s innovation and goals as an entrepreneur are inspiring.  He saw a problem, people having cell phones with no internet access, and found a simple yet innovative way to solve the problem.  Not only has his business been successful, but it has brought about social change for good, bringing information to groups of people who before have no access to the internet.

Mashable

Image result for pete cashmore

Mashable is a top 10 multi million dollar blog that reaches audiences of all sorts; from the tech world to sports, to news stories with hot and relevant information on the top new products and info in the market. In 2005 it’s founder Pete Cashmore started this revolutionary data generator at the tender age of 19. His clever blog design, quick tips, tech advice, and social cultural aspects have attracted over 29 million followers on the many social media platforms he posts on. Cashmore grew his business from the ground up by adding sites for consumer contact and departments in the company itself to expand the empire. On the site itself found here, http://mashable.com/, you will find a variety of posts on a variety of topics for a variety of viewers. Its humorous takes on noteworthy company failures, quick views on sports games and reviews of new tech products and software are what make the blog so successful. By 2012 Cashmore was ranked in Time Magazines Top 100 Most Influential People for his great work in the social media world. Along with Mashable’s commitment to excellence and accuracy in their posts, Cashmore has also committed it to give back to the community by finding job opportunities in the career realms of “technology and social media, marketing and business, and design and development.” It also promises to attribute to a concept of “Social Good” to “make the world a better place.” In all these senses of this company I believe Mashable and its founder are both the stuff of the future we need to continue to push us into the future.

CoatChex

Derek Pacque found the inspiration for his business, CoatChex, when he lost his coat when he was out one night because there was no coat check.  His business originally started as a simple, collapsible coat checking business that operated inside local bars, but he quickly became frustrated with the traditional model of giving customers a ticket when they check their coat, meant to be exchanged at the end of the night for their coat back.  Customers constantly lost their tickets and coats were easily confused.  So, Derek innovated a new coat checking system.  Instead of using tickets, CoatChex uses its own app, pictures, and QR codes, which not only makes the coat checking process much simpler, but has the potential to create even more revenue for the business because the venues that CoatChex works in desire information about their customers that CoatChex can get through their app and provide to the venues.

CoatChex actually worked at the 2012 Super Bowl in Indianapolis and did over $100,000 in sales, incredible!

Derek appeared on the TV show Shark Tank, asking for $200,000 for a 10% share of CoatChex.  Mark Cuban offered him $200,000 for 33% equity, but Derek turned him down, unwilling to give up that much of his business.  He is now seeking $1 million from angel investors to use his technology in other services and develop brand partnerships.

Derek Pacque is an exemplary entrepreneur, not because he simply found a solution to a problem, but because he developed that solution even further when it had problems of its own.  He went beyond the simple solution and innovated to find a better one.

For more information, I encourage you to visit their website, http://www.coatchex.com/, (which, might I say, is very well designed).