Author Archive for SteenJM24

Reddit – Young, Dumb, and Driven.

The power of a dormitory cannot be understated; a whole building populated with young, driven men and women, all pursuing higher education is a recipe for innovation. At least this was the case for Steve Huffman and Alexis  Ohanian, two young dorm mates at the University of Virginia. Steve was studying computer science and Alexis was studying history. Both students decided to submit and idea to Y Combinator, a startup investment company. Their first idea was denied but that did not stop them. They submitted the idea to create “the front page of the internet.” It is funny to think that even now, over half of the things you can look up will provide you with a reddit thread. Y Combinator granted their request for $12,00 of startup money and they got to work. Steve got the site coded within 20 days while Alexis, have a certain business acumen, handled the logistics of the business.

In 2006 Reddit was acquired by Conde Nast. 6 years later after Alexis and Huffman had both stepped away from the company, Yishan Wong, member of the PayPal Mafia, became the CEO of the company and sky rocketed it’s success. In 2015 Huffman rejoined the company and became the CEO and Alexis stepped up as a board member. In march of 2024, Reddit offered its IPO. Today Huffman remains the CEO of the company, and Alexis married Tennis legend Serena Williams and has had 2 children of his own. Reddit is currently valued at $10 Billion and will only grow since going public.

Both of these men were just young college students with a dream. Coming from different backgrounds and pursuing completely different degrees, both men started one of the most viewed internet sites running today and it all started because they decided to room with each other.

 

Ryan Hudson: From Coupons to Cold Hard Cash

Online shopping for many people has been a blessing. The ability to peruse thousands of virtual shelves, buy seemingly anything you can imagine, and have it delivered right to your door has become the standard form of shopping for many people. With this style of shopping however comes a very unfortunate caveat: the possibility of overspending. We all know the feeling of adding things to our cart, pressing that big yellow “buy now” button, and then checking our empty bank account. Before online shopping, this problem could be solved by finding coupons in magazines, newspapers, and grocery store bulletins. Now days these coupons come in the form of hard to find, unintuitive, online codes. Ryan Hudson, a recent MIT graduate with an MBA in business noticed this problem and decided to solve it.

 

For Ryan, it was not a lightbulb moment, or a sudden “eureka!” that gave him this idea. At the time Ryan, who had a history in computer programming, was fascinated by the browser extension feature that many search engines like Goggle were adding. He believed it opened up a whole new market for interesting, innovative programs. He was especially interested by how easy they were to create, program, and implement. It did not take a genius to make something like this, and yet it is incredibly accessible to people. He was looking for an excuse to develop a browser extension and noticed how often he found himself looking for online coupon codes. The idea of Honey was born. It took him 6 weeks to develop the program, and in October of 2012 he launched it.

 

It wasn’t as if there was not already competition in this field. There were already many online coupon code finders such as Rakuten. What Ryan noticed was that these companies were all focused on application based technology. Apps were the rage, and all the major companies were focused on developing tech for that space because it was the “new thing.” Who would develop a browser program? That was old news. Everyone was doing things on their phones. This was not the way that Ryan saw it. He noticed that he mostly shopped on his computer  so many other people must do the same thing. He disregarded the trend, paid no attention to his competitors, and did his own thing. Today Honey is the most widely used online coupon finding program in the world.

Ryan’s story is a classic entrepreneurial adventure. He did not plan to work in computer programing. He had interest in it, but his MBA was business, and out of college he was working in venture capitol. Ryan’s story should be inspiration for those who do not know their current path. He eventually sold the program to PayPal for $3 Billion, and has started working on other future business ventures of his own. Ryan is a multi-billionaire, not because he cheated, abused, bullied, or had family ties. Ryan pursued a hunch, created something no one else could compete with, and reimagined online shopping forever.

Got Funny? – Bryson Oppermann

A recent class I took for my Entrepreneurship degree had me design and launch a t-shirt company. During this class, I could not stop thinking, that there is no way this will work. The t-shirt market is way too saturated to ever succeed? I knew it was just an assignment, but it still bothered me that it was a company I could never scale…or so I thought until I discovered the story of Bryson Oppermann, founder and sole operator of Got Funny t-shirts.

Bryson was a full time marketing director with a passion for art and design. One day he was showing some of his friends his art, when someone made a slight comment about how they would wear that design on a shirt. Bryson got the idea to start a little side hustle. Like me, he did not believe that this is something anyone could do full time. He started posting some funny videos about his shirts on tiktok and after a few days of this, one of his videos blew up. As a consequence his sales exploded, and within days he had sold hundreds of t-shirts.

There was nothing special about his t-shirts. They were cool, funny designs not unlike something one could find on etsy. What sold the t-shirts, Bryson would later reflect, was his style of promotion. People liked his personality. Consistent posting of videos took time, so he eventually quit his job, and took on the job of selling t-shirts full time. Today, Bryson pulls in over $1 million annually, all as a one person crew.

Bryson is a true testament of hard work, creativity, and passion. There is nothing special about Bryson or his company. He runs a basic Shopify store, and prints all of his t-shirts through Printful, and yet he is a successful entrepreneur, making a six figure income. Through creative marketing, and hard work, Bryson turned a basic t-shirt design, into a top 1% income. To check out his store, visit gotfunnymerch.com, and to check out his full interview, visit the UpFlip YouTube channel. 

 

*BE ADVISED: shirts may contain explicit langauge

Kirk and Jacob – The Story of JunkTeens

Most people had a dream of starting a business while they were in high school. Most of us knew that it was not a realistic one, but that never stopped us from dreaming of being our own bosses, doing a job we love, and making a ton of money doing it. For the founders of JunkTeens, this dream was a reality. At the age of just 17, Kirk jr. and his brother Jacob were already providing their services of junk removal for cold hard cash. This idea turned out to be so profitable that they were able to scale the business such that today, the company is bringing in $1,000,000 a year.

When Kirk Jr. Was 17 years old, he was riding his bike around town with his friends when he came upon a dump. They decided to explore the dump, where Kirk found a set of speakers, that he later discovered, were in great condition. This inspired him to go back more than once to find fun, random items it that he could use. Eventually his mom got tired of the clutter filling his room, and convinced Kirk to get rid of some of it. This prompted Kirk to sell a few of his speakers on Facebook Marketplace.

After his first set of speakers had sold, he knew this was something he could enjoy doing. After many weeks of returning to the dump everyday, the workers there began to not only pick out and find things for him to sell, but they also began to teach him the ropes of junk removal. This gave Kirk a bright idea. What if instead of getting junk out of the dump, he could get it directly from people homes, and get paid to do it? Kirk bought a cheap $4000 truck and got to work removing junk for people for a small price. People loved his hustle, and very quickly his little business became a hit.

 

At about this time, he brought his brother on board to help him. That first year, with that one old pickup truck, and the drive of two young entrepreneurs, they managed to bring in $120,000 in revenue. Once they saw that they could scale this business, they decided to kick it into a high gear. In 2022, they rebranded what was previously K&J Removal and Disposal, to JunkTeens. With the money they had made that year, they bought their first dump truck, began paid advertising, and invested in physical advertising material. This proved to be an effective strategy, as that year they were able to bring in more than $400,000. Fast forward to today, Kirk is 21, and Jacob is 19, and the company has it’s own warehouse, countless employees, and manages to bring in close to a $1,000,000 a year.

These two Gen-Z Entrepreneurs started a successful company with nothing but hard work, determination, and grit. They put their minds to something and they accomplished it. Both of them are now in college, and the business continues to thrive. There is no substitute for hard work and getting started early, and these two are an example of this. For more information on these two inspiring entrepreneurs, visit JunkTeens.com

Or visit the Upflip podcast to see their full interview.