When researching millennial entrepreneurs there seems to be a connection between all of them. They did not begin a certain business, or create a product to gain revenue from it, but rather they had an idea, and put that idea to work. Consequently it usually ends up that their idea makes them money. But it is just the fact of providing a good or service that seems to drive these people.
Eric Koger and his wife Susan Gregg Koger were two young adults attending Carnegie Mellon University together. They both had a want to create a better way to get vintage and vintage style clothing. They figured that the best way they could accomplish this was through a website. So in 2002 launched the website Mod Cloth. This website went into full time operation by 2006.
While this idea seems menial to many of us today, due to the vast amount of web sites we can access at the touch of a button, In 2006 this was innovative for the service it was providing. Since there take off in 20006 they have moved from the Strip-District in Pittsburgh to San Francisco, where they are based.
A move in location was not the only thing that happened however. A move in the direction of online selling had also been created due to these two college students.
These two young entrepreneurs show me that innovation is a result of a network greater than yourself. Who knows, if Eric Koger didn’t meet Susan, the internet shopping experience may be a little different today.
I did a little research on ModCloth for tech and the company itself is cool! I’m always amazed when a group of people make something great out of a dorm room, and that’s where ModCloth started. That’s insane. Start with an idea, and go for it.
So interesting! I love ModCloth, so it is actually fascinating to hear how they started!
I actually love ModCloth. I feel like their clothes is well-known and generally respected; it’s cool to hear of how they began.