Author Archive for Samuel Davies

Jon Schlossberg – Even

In the United States 55% of Americans live paycheck to paycheck. Which leads to many problems such as payday lenders and overdraft fees. Jon wanted to help these people out by giving tips on budgeting and saving. It would also let people get an advance on their paychecks without the severe interest rate that other companies use. In 2017 he created his app Even. Walmart made his app available to their employees and more than 250,000 people signed up, 75% are using it every week. Now it is gaining popularity and having to keep up with the demand.

Russell Ladson – Drop

Many people believe the future is augmented reality and virtual reality. Hundreds of companies are trying to produce the best virtual reality headset. However, Russell Ladson saw potential of using this technology and created a new browsing experience through VR and AR called Drop. Drop is an internet browser that you can download for your VR or AR headset. The best way to describe the experience is thinking of a regular browser that surrounds you 360 degrees. He has earned investments from HTC who will use Drop in their new VR headset. Russell saw that everybody was focusing on the headset itself, and he took a different approach by making a new immersive browser.

Jose Andres and World Central Kitchen

After hurricane Maria hit Puerto Rico, a cook named Jose Andres wanted to find a way to help the people. With $10,000 of his own money and some credit cards he traveled to Puerto Rico and found a kitchen, bought supplies, and found volunteers to help serve. On his first day, he served more than 1,000 meals. Later on with some private donations and government funding Andres and the non profit he founded, World Central Kitchen, produced more than 150,000 meals per day from 26 different kitchens in Puerto Rico. Since then his team has prepared more than 3.7 million meals outpacing the Red Cross and Salvation Army. World Central Kitchen travels to places affected by natural disasters and provides meals. This a perfect example of a redemptive entrepreneur. Jose Andres used something he was good to start a nonprofit that helps those hurt by disasters.

Anne Wojcicki: 23andMe

After graduating from Yale, Anne Wojcicki started her career as a health care investment analyst with Passport Capital. After deciding this job was not for her she quit. Initially she thought about appearing at MCAT to do her medicine. However, her love for biotechnology prevailed and she started doing research. This led her to team up with Linda Avey, who was a biologist, and together they created 23andMe. The startup was a hit, and was featured as the “Invention of the Year” by Times Magazine in 2008. Today 23andMe has built one of the world’s most exhaustive databases of personal genetic information. Empowering people to take charge of their healthcare. Anne believed that scientist do not get their deserved fame as other celebrities do. So she decided to take measures into her own hands and thus co-founded the Breakthrough Awards in the USA to felicitate eminent scientist.

Mark Burnett

From a British paratrooper to selling t-shirts on California beaches to creating some of the most popular tv series. Mark Burnett has a rare set of skills. He has some unique ways of defining success and failure. Success, he says, isn’t about buying things with money you make, but rather, providing yourself with the “glorious privilege” of being independent–an idea culled from the work of Scottish poet Robert Burns. Failure, on the other hand, is an “imposter,” per Rudyard Kipling, who implied it was an event that would eventually result in success. With “Survivor” on its 39th season, it is hard to argue that Mark’s views are faulty. In this conceptual age Mark has made the most out of his R-Directed Thinking style.

Alex Timm’s new look on car insurance

Since the age of 14, Alex Timm has been in the car insurance business. He worked for his father’s company making phone calls to help customers with their insurance policies. Despite it being a very complicated, mathematical type of business, he loved how there was a noble cause to the business. After finishing college Alex took a position with Nationwide Insurance. During his time working for the insurance giant, he saw the insurance industry needed to make some changes, especially in customer satisfaction. So he created his own company, Root Insurance, with a more customer-friendly system in mind.

Root utilizes analytics, digital channels, and self-service together to make a more accurate quote for policyholders. The company promises better drivers with a reward of lower rates. Getting a quote is very simple.  All you have to do is download the app and over a period of three weeks it will track how well you drive. Next, they send the data to a team who runs predictive analytics on it to generate a quote for the driver.

When creating his company, Alex had no intention of making the technology and selling it off to a major insurance company. He saw how broken the system of pricing car insurance was and wanted to fix the problem. This all comes from his passion to serve the customer. The idea takes away needless variables and focuses on how the customer drives. Recently, Root has cooperated with Tesla to provide a discount when drivers use Tesla’s Autosteer system while driving. This is a questionable move by Root, since many people predict autonomous driving will hurt the car insurance business. However, Alex believes insurance will have to evolve with the innovation of self-driving cars making insurance cheaper.