Author Archive for coddingtonkm22

Emily Oberg: Sporty and Rich

“Aesthetics matter. Attractive things work better,” Pink wrote. Emily Oberg’s creation is one of the best example of this. She created a clothing line “Sporty and Rich” where one of the most important features of her product is design. In all clothing, design has at least some degree of importance. Functionality plays in when it comes to clothing specific for climates and activities. However, even when looking for functionality in clothing, design is at the very least in the back of one’s mind. Most clothing lines make an effort to make their clothing look attractive or trendy, even if the clothing has any functional value other than preventing someone from being naked. Oberg however, took this emphasis on design to another level. As you can probably tell by the name of her clothing line—”Sporty and Rich”—Oberg’s goal was to make her aesthetic sporty and rich. Oberg made her brand expensive for the sake of being expensive. She used athletic and minimalist clothes where she made her brand mean “these clothes are what rich people wear.” Her clothes look normal, but what makes them expensive is that the brand is expensive and it’s a way of showing other people “I have money.”

Pulkit K. Agrawal 🍺

Pulkit K. Agrawal is the perfect example of someone that combined a skill and a “like” (it’s weird to say “passion” if it’s beer, maybe that term is more applicable for the act of brewing). He has a degree from Harvard and has a talent for computer science and data science. How can this possibly relate to beer?

The name of Agrawal’s company shows this collision of unrelated things very well. He named his business The 5th Ingredient. I did not quite get it at first, so I read the about page of his company’s website. The first two sentences say, “There are four essential ingredients in beer: water, malt, hops, and yeast. There is, however, an equally as important, fifth ingredient, which is crucial for breweries in taking their practices and results to the next level – data.” Agrawal developed a software company that allowed breweries to “improve beer quality, save costs and time, and achieve the perfect brew” (according to Forbes).

As a computer science major who is unsure about her passion for computers as much as just the act of coding, this is very inspiring to watch someone use his coding knowledge and apply it to an outside area of interest. Agrawal made it into Forbes’s 30 Under 30 this year.

Chirps Chips

The founders of Chirps have a unique story that follows a common model for groups forming to innovate. The entrepreneurs of Chirps all have a shared experience. To understand this experience, you have to understand what Chirps are. Chirps were initially chips but have spread to cookies and protein powder. All of these are made with powdered crickets. These have three times more protein and 40% less fat than a tortilla chip.

Now when I say all of the entrepreneurs had a shared experience of eating a bug, it makes a lot more sense. Chirps describes their story as, “in 2013 three college friends ate bugs at the same time on opposite sides of the planet.” That is a great way to get people to say “what???” It is an interesting story—it includes the “weird factor” that makes people interested and a common value like friendship. How the story goes is that, while studying abroad, someone ate a caterpillar in Tanzania, another a scorpion in China, and the last had worms in New York. The students returned to their home together and shared their experiences and collaboratively created a hunch.

Their hunch took off and they made a deal with Mark Cuban on Shark Tank. The founders also made it into Forbes’ 2016 30 under 30.

Ben Silbermann: Co-Founder of Pinterest

I thought it was only right to dedicate a blog post to the man who’s app gets me through stressful days. I love at the end of a long day to just scroll through pictures of flower bouquets and fields. Some people use this app for recipes, project inspiration, or even shopping. You probably guessed by now that I am talking about Pinterest. Ben Silbermann, the CEO and cofounder of Pinterest, is one of the richest millennials and self-made billionaires in the world.

Every entrepreneur starts with an interest or a problem (or usually both!). For Silbermann, he enjoyed collecting things as a kid. “Collecting tells a lot about who you are,” he said. He also mentioned that, after looking online, “there wasn’t a place to share that side of who you were.” Silbermann had a hunch to create a virtual pinboard.

He took to this hunch to a liquid network to get other input and help. He did this by entering the NYU Stern Business Plan Competition. “The prize was meeting with venture capitalists First Mark Capital in New York, which gave us half our money.” This was a catalyst for the creation of Pinterest. He now has a net worth of $1.5 billion.

Severin Hacker: Co-Founder of Duolingo

I had the privilege of meeting Severin Hacker, the co-founder of Duolingo, at a technology event in 2018. Just by the way he talked, anyone could tell he was extremely passionate about what he did. This passion started long before 2018 or even when Duolingo was created in 2011. “What originally drew me to computers was video games and the desire to build your own games and understand how those games are built. I was somewhat obsessed,” Hacker said. He was able to take his interest and hobby, and use it as a starting block for his entrepreneurial thinking.

Hacker went to college at Carnegie Mellon University (which was actually my second choice to Grove City) in Pittsburgh. His initial idea was to create an application that could translate internet sites. In fact, Duolingo was what Hacker called a “happy mistake.” This example affirms what we learned in class that the best ideas sometimes come by accident when we put our initial ideas out there for testing and review. This “happy mistake” later led him to be included in the MIT Technology Review’s “Top Innovators under 35” and receive One Young World’s Entrepreneur of the Year Award. If I learned anything from this, it’s to not hold back my incomplete ideas because they might just be a few steps away from being successful.

Maddie Huang—a head start to entrepreneurship

Maddie Huang may be a senior in high school, but she is way ahead of most other people her age. She has worked at both a preschool and a local coffee shop before, but her main source of income comes from her artistic ability and creativity. She developed a talent for nail art about a year ago through a lot of practice and trial and error. She does not have a job at a nail salon though, despite the stability it would offer and risk it would eliminate. She is a business minded entrepreneur that started her own salon out of her room: Nails by Maddie.

Maddie, however, did not always have her eyes on specifically maintaining a business permanently. When she started her nail business in February, her “original plan was to fundraise enough money to go on a missions trip to Panama.” Even though her business was only initially for fundraising purposes, she still attacked it with an entrepreneurial mindset. She created her business on a personal (yet universal) identified need. In her words: “salons cost way too much to be getting my nails done consistently.”

Before too long, she encountered great success. This success was not without risk though. “Starting off my business was a big investment for all the supplies and tools,” she said. “I believe I spent around $200 to get started but I have earned all that back and then some.” With $30-$35 appointments about four times a week, she is making a significant profit.

But what brought her this success? How is her business any different from just driving down the road to a local salon? When I asked her this, her response was: “I think my little at home salon is very set apart in that the prices are way cheaper, and each manicure is done with love and care. I love connecting with my clients and keeping up to date with them. I want every person that gets their nails done to feel valued and leave 100% satisfied.” By paying for Maddie’s nail services (and by paying, I mean paying significantly less than you would at a salon), you are not just paying for a manicure. You are paying for an experience.

I know I personally traveled an hour from Grove City College to my nail appointment with her. Why? At a salon, a random adult will do my nails, and that’s about all that happens. I leave with pretty nails, but that’s all. When I go to Maddie’s at home salon, I leave feeling full. I am able to talk and connect and relate to a fellow girl my age. There is more friendship and relationship involved with the very personal elements of her business. Though her setup in her room is just as professional as that of a salon, there is an added factor of connection.

Maddie’s business has been successful, but it has not just fallen together naturally. There have many numerous challenges that have had to be ironed out as well as hard decisions to be made. Maddie reflected on these and said, “I have definitely made many connections and grown closer with a lot of people through my nail business. Being it is done in my house, I keep my clients limited to close friends and family, with the occasional exception of a friend of a friend, etc. Because of my public Instagram account, I have had people reach out to schedule an appointment, but I have to turn them down due to the fact of it being my home.” Maddie limiting the scope of her customers reminded me of what Blake, a speaker in my entrepreneurship class once said: “as a business owner, you have to often say no to people.” From both Maddie’s and Blake’s experience, it is evident that this is a necessary challenge of being an entrepreneur.

Also, entrepreneurs are real people. Sometimes the business owner’s emotions can affect his or her work. In Maddie’s case, she has experienced moments where she has become disillusioned with the idea of doing nails. Between becoming bored or burnt out, she told me that it has not always been easy to continue Nails by Maddie. That’s just something she has had to figure out as her business has matured. She said to me, “as my business is continuing, I am learning to balance all my activities and nail appointments, along with school and time with family.” That is a real thing that almost every entrepreneur has had to experience. As exciting as dreams are, they can be very hard work to fulfill.