Archive for App – Page 17

iCracked.com

In January 2010 AJ Forsythe launched his iphone repair business, iCracked.com, along with Anthony Martin and Leslee Lambert.  AJ got the idea for this business after breaking his phone countless times and finally deciding to try and fix it on his own by ordering parts online. He was a junior at California Polytechnic State University at the time and decided to take a chance and “go for it.” The business started on their campus and within a year grew from serving one university to serving 65 universities. They currently have 109 locations worldwide which is impressive considering the company is only four years old.

The business is run on a turn key business model similar to that of a franchise. Cracked is comprised of iTechs who are equipped with the marketing, training parts, operations manuals and backend support to successfully repair iPhones and other Apple devices at any of the iCracked locations. Their company also offers mail-in services, wholesale distribution, iPhone buyback and refurbishing and has just recently entered the retail space.

One of my favorite parts about this company, and what I find most unique is that the repair men, “iTechs,” come to your house to fix your device.  They liken the importance of fixing your broken phone, to fixing a broken down car, and say they are the Triple A for phones. iCracked currently has 295 employees and 1079 iTechs located all over the world. To ensure the quality of their service all of the iTechs are trained and overseen by the iTech manager who keeps in constant contact with all of the locations. iCracked.com capitalizes on the inconvenience of mail in repairs, or traveling to the nearest Apple store and offers customers something no one else does.  Not only is this a much more reliable option than bringing your phone to that repair kyosk in the mall, but it makes it one step more convenient for the customer by bringing the repair right to their door.

Forsythe has a passion for giving back to the community and has done just that by opening a retail space in Long Beach, CA which will be run by youths ages 18 to 21 who have outgrown the foster system, whose wages will be subsidized. They refurbished a 1920s era hotel into a retail space and above the offices they created rooms for the youth to help them in their transition out of the foster care system. They train the youth and teach them skills to help them become responsible adults. A few of these youths will be hired to work in the retail space of the store and will be managed by a former iCracked repair technician.  I admire Forsythe’s extreme success and unique business idea as well as his desire to give back to the community and help people who are often overlooked. His story is an inspiration because he was my age when he started it all.

 

 

Scan

For most of us our first job usually looks something like 7$ an hour working a register, flipping patties, or stocking shelves, but for Garett Gee his first job was starting his own company and receiving over a million dollars in seed funding before he even graduated college.  Gee is a young kid from a small town in Utah that made a great guess and a great product.  In 2011 while at BYU the iPad 2 was set to come out and Gee realized that that meant there would be some blog stating what the top 10 apps anyone needs for it and he was determined to be on this list.   Gee’s idea was to create an app that was beautiful and effective in the QR code market.  Gee said about the smart code industry, ““When I came across smart codes for the first time, I thought, ‘Wow, this is really cool technology in a really ugly, crowded space. Someone should make a pretty product for this.'”  As Gee began to navigate Utah trying to find someone to support him and his idea one investor asked ‘why should we choose you when I could partner with a company with much more experience?’ Gee gave a simple straightforward and honest answer and won over his investor, “because we’re young and we were raised on the iPhone—we know the ins and outs of it.”  Gee’s Scan was a huge success and his ‘rookie’ team was making a huge splash! In less than a year Scan has over 10 million downloads and is used in over 75 countries.  He also got onto the list that he predicted there would be.  For a kid from a tiny town in Utah I would say he is doing pretty well for himself.  Scan now has 9 employees and Gee’s next plan is to figure out he to make his free app Scan profitable.   Gee believes that his product will remain on top in such a crowded market in the future.  When asked what he thinks he said, “When someone sees our logo they understand it’s associated with quality, speed, and good user experiences.”  If your interested in more young entrepreneurs making a difference pull out your Scan app and scan below!      

Password Required? I’ll Pass.

Launch Key banner

We live in an age of technological insecurity. With the seemingly endless digital accounts that people have these days between banking, email, Facebook and other social media, there is a heightened risk that one of those accounts will be hacked. Passwords are becoming increasingly weak and obsolete as  hackers improve their methods at breaking in and stealing personal information. The news is always proclaiming the latest security breach at the hands of computer hackers and yet not much has been done to improve the security of these accounts. Until now.

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LaunchKey is a truly innovative application that allows you to quickly and securely log into an online account without having to use a password. Just swipe your smartphone and you are in. It works by pairing any personal account like banking or a blog account with your LaunchKey account and whenever you need to log in, it will send your phone a notification for you to swipe and therefore log in. No more trying to remember dozens of unique passwords that you fear may be cracked. LaunchKey has simplified and bolstered the the process of securing and logging into accounts.

launchkey-pano_25641Geoff Sanders (far right) was 28 when he launched LaunchKey (pun intended). He raised over $750,000 in start up funds to design and promote his product. His goal is to streamline the sign-in process by making passwords a tool of the past. By doing so he has solved two big problems when it comes to using passwords.

1) The awkwardness of remembering countless combinations of letters, words and characters.

2) The danger of someone hacking into your personal and private accounts.

Sanders’ vision is to see big corporations make the switch and avoid the risk of security breaches. LaunchKey will also alert you if another person is trying to access your account. The possibilities are endless. Anything that can connect to the internet is an option. In the future you may be able to unlock your front door or start your car with LaunchKey.

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).

 

Yik Yak

 

Yik Yak has become extremely popular not only at Grove City College but around the world. It is an app that allows people to anonymously post within a 1.5 mile radius of users in your area.

Brooks Buffington and Tyler Droll, graduated in 2013 from Furman University in South Carolina. While in school they worked on a few startup ideas together during their senior year and put their careers on hold to build a company after they graduated.

Yik Yak was born in 2013 and quickly became very popular. Buffington and Droll word spread very quickly and they raised $10 million dollars in funding.

According to businessinsider.com, “Since January, the founders say growth has been organic and the app is used heavily (by thousands of students) on about 250 campuses. At some of the schools, as many as 10,000 students are on it and 100 new messages are posted every ten minutes. At smaller schools, the app has penetrated 80% of student bodies.”

The only negative thing about Yik Yak is that some of the users abuse the fact that everyone is anonymously posting. Some bullying is happening on the site but Buffington and Droll hope to bring the bulling to an end in the near future.

By putting their careers on hold, Buffington and Droll accomplished something incredible. It goes to show that with the right idea and an incredible amount of will power one can push through difficult situations to succeed.

Coinbase

Ehrsam is a 25 year old Duke graduate who worked as an asset manager and investor for Goldman Sachs before he founded his company. His company is named Coinbase, it is essentially a virtual wallet for Bitcoin. It functions the same way as Pay Pal but uses a different currency. Bitcoin for those of you who do not know, is a new form of virtual currency. It is used globally and about $1.5 Billion worth of Bitcoins are in circulation. The major problem with Bitcoin is that it is very volatile, when the new currency was introduced, it was valued at $1200, now it is down to just over $330. Ehrsam is working to help provide more security to Coinbase users by allowing the user to instantly sell the Bitcoins when they are received to avoid deflation and the varying prices. Coinbase, makes it easier for companies to make large payments more easily as well as make transactions with foreign companies and dealing with exchange rates. Coinbase is available in 19 different countries as of now and is looking to expand. Ehrsam is attempting to make Bitcoin more mainstream. He has used the same model as Pay Pal but has put his own spin on it, Coinbase

allows the user to save their Bitcoins using the vault portion of the app. The vault is set up in a way that the currency can be stored safely, as well as allowing you and your business partner, or whoever you share the account with to cosign withdrawals digitally to avoid users to make unauthorized withdrawals. There are about 37,000 business that trust and accept Bitcoin, but the problem is that there are not enough users of this new currency. I’m interested to see where this business takes Ehrsam. Coinbase has almost 2 million users so far and is the “World’s most popular Bitcoin service.” Pay Pal is very successful and Elon Musk has moved on to bigger and better things, I’m wondering if Ehrsam will do the same, and his company will keep expanding, or if Coinbase will fail because of Bitcoin’s unpopularity and constantly changing exchange value.

Snapchat

Evan Spiegel, 24-year-old co-founder of Snapchat, showcases many exemplary traits that makes him an incredible entrepreneur.

Spiegel grew up in Pacific Palisades, California in a very successful environment because his parents were both outstanding lawyers.

He attended Stanford University, where he studied product design. Spiegel proposed Snapchat as a class project which quickly became a hit. In 2012, he dropped out to focus on Snapchat with only 3 classes left before he could have completed his degree.

On Snapchat.com the description says, “Enjoy fast and fun mobile conversation. Snap a photo or video, add a caption, and send it to a friend. They’ll view it, laugh, and then the Snap disappears form the screen – unless they take a screenshot.” This is not only creative but innovative. Over 700 million Snaps are sent each day.

Spiegel at the age of 23 turned down a $3 billion purchase by Facebook. He is proof that real success comes from taking big risks.

Spiegel is an inspiration to all young entrepreneurs because he demonstrated that if you are passionate about something and you work hard anything is possible.

 

The Innovation of Instagram

 

Instagram is a photo sharing, mobile, and social networking website/app that has become extremely popular. It enables its users to take pictures and videos, make edits, and share them on a variety of different social networking platforms.

Kevin Systrom graduated from Stanford University with a BS in Management Science & Engineering. His first intern experience was through Odeo which later became Twitter.

Mike Krieger also graduated from Stanford University where he studied Symbolic Systems with a focus in Human-Computer Interaction. During his time at Stanford, he interned on Microsoft’s PowerPoint team as a PM and at Foxmarks as a software developer. He also wrote his Master’s thesis on how user interfaces can better support collaboration on a large scale before getting connected with Instagram.

Together Krieger and Systrom (in the picture above) founded Instagram, and launched it in 2010.

Instantly Instagram became a household name with over 200 million active monthly users. Personally, one of my favorite features on Instagram is the ability to edit photos with multiple different filters before you post a picture. This allows people to do all of the editing on Instagram rather than having to use separate apps which was a pain.

Two of the most important things that Instagram has accomplished is its ability to achieve financial support from investors. Without the financial backing of investors, Instagram would have been unable to start up as a company. To truly get a scope of the size of the deal investors made, one must look no further than to the first venture capital firms that put up seed money for Instagram: Andreesen Horowitz’s original $250,000 investment is now worth a whopping $78 million. That is 78 followed by six zeroes. A return of 312 times the initial investment. Secondly, Instagram added hashtags to its site which encouraged users connect with each other and see pictures from all over the world.  This was evolutionary.

Without a doubt, Instagram is going to be around for a long time.

 

 

Garrett Gee: Scaning the Future

 

Garrett Gee is somewhat of a digital prophet. While attending Brigham University in 2011 he became interested in creating a better app for scanning barcodes and QR codes. Gee saw that the current apps were clunky and difficult to use and saw an opening in the market for improvement, especially with the upcoming release of the i-Pad 2. He predicted that by the release of the i-Pad 2 there would be a list of the top ten apps to get, and he wanted a spot on that list. From this thought was born Scan.

Gee’s business idea was so convincing, he garnered 1.7 million dollars in seed funding from venture capitalists even before the i-Pad was released. Because of his hard work and keen foresight, Gee’s efforts paid off with crushing success. Within a year Scan had over 10 million downloads; doubling that within the next year, all a the age of 21. While many college graduates are struggling to make ends meet, Garrett Gee was giving his competition a run for their money.

Garrett Gee inspires me because I believe he embodies the two most important traits of an entrepreneur; a readiness to take risks, and an aptitude for reading the market and the demands of the future. Not only was he able to have the guts to go for his plan, he also had the keen sense of how his product would find a place in the market. These two characteristics gave him the jump he needed to outstrip his competition and nail a place in a very ruthless market.

 

But First… Let Me Take A Selfie

SpiegelMost teenagers and young adults are familiar with Snapchat and use it almost every day. Many however, do not know the story behind the widely popular app. Evan Spiegel, a Stanford drop out, started the company with two other guys while they were in college. The idea came to Spiegel when his friend came into his room to complain about a photo he sent that he wished would disappear. This led to the initial idea of pictures that would vanish after a certain period of time upon receiving them. Spiegel and his partner Bobby Murphy, found a programmer who could create a prototype. The app was not very successful in the beginning. The original name was Picaboo, and only hosted around 130 users. Siegel however, did not come out with a clear intention for the app, the team toyed with the idea of marketing the app as an adult picture messaging with the statement “Picaboo lets you and your boyfriend send photos for peeks and not keeps!”  Thank God they refrained from publicizing that idea.  There was no real intended user for the app, but after looking at patterns in usage, Spiegal and his team discovered that students were using it during class to send notes and communicate because social media such as Facebook was blocked. Snapchat has revolutionized social media. It allows users to practice their photography skills by taking selfies, as well as posting photos to your story and sending temporary photos to your friends. Snapchat has gone toe to toe with Facebook’s app Poke. Poke was an app developed by Facebook that has the same concept of Snapchat. The average age of Facebook’s user went from 18 to 40. Snapchat’s users, on average, are younger than that of Facebook’s, which factors into the success of Snapchat over Facebook. I personally use Snapchat because it is easier than most other social networks and can be more personal. I enjoy sending pictures and short videos to my friends and I can even communicate with my cousins in England instantly and easily. Spiegel had the opportunity to sell his company and cash out and retire at 24. After beating out Facebook’s app, Poke, Zuckerberg offered to buy the company for $3 billion. Spiegel turned down the offer and still runs the company today. Snapchat is still a young company and I am excited to see what will happen to Spiegel and what the future of the company holds.