Archive for Business, Sales

John Collison: The Landscape of Tech

John Collison, Stripe’s co-founder, stands out as one of tech’s most down-to-earth visionaries. Hailing from rural Ireland, John wasn’t raised in the bustling tech hubs of Silicon Valley. He was a curious kid with big ideas, inspired by the endless possibilities of technology and determined to see what he and his older brother, Patrick, could build with it. By their teenage years, they launched their first successful venture, Auctomatic—a tool to help eBay sellers handle inventory. Not only did it work, but it caught fire. A Canadian company snatched it up in 2008 for $5 million, a small fortune for two young guys barely old enough to vote. But this win wasn’t the Collison brothers’ finish line—it was the spark.

Their big “aha!” moment came when they noticed a frustrating issue plaguing every online business: the painfully complicated process of setting up payments. Most companies, especially small startups, struggled to even begin accepting money online. So in 2010, the Collisons took on this problem and launched Stripe. Their approach was simple yet radical: let businesses start accepting payments with just a few lines of code. Stripe became a game-changer, cutting through red tape and technical barriers like a hot knife through butter. Startups, mom-and-pop shops, and eventually giants like Amazon and Google flocked to Stripe because, suddenly, getting paid was no longer a months-long ordeal—it took minutes.

John’s rapid rise to billionaire status is impressive, but it’s not really the point. His story isn’t just about wealth; it’s about reshaping what it means to be an entrepreneur. John and Patrick didn’t start with piles of cash or flashy marketing. They started with a mission to solve a real, persistent problem. Their journey shows that you don’t need to be flashy to be revolutionary—focus, persistence, and timing can be enough. John’s success reminds us that big change often starts with one well-executed idea and a willingness to build it step by step.

Shark Tank – Ring Doorbell

The journey of Ring is one of enterprise and grit. Founded in 2013 by Jamie Siminoff, Ring started off with this one potent idea-to create a smart doorbell that would make homeowners more secure by helping them see and talk to visitors through their smartphones. The felt need for this security adjustment and convenience-one that was getting increasingly prepared well for the product to be received by tech-savvy customers-was there in this case.

Despite the revolutionary idea, Siminoff struggled a great deal to find investors. Shark Tank in 2013 proved to be a turning point. He did not land a deal with the Sharks; however, the show proved priceless exposure. The exposure on a national scale set Ring into motion and attracted investors outside of the show. It was really about overcoming that first significant hurdle: his conviction in the product, and that he could change course on a dime.

And boy, did persistence pay off for Ring. The company continued to grow, and in 2018, Amazon bought Ring for a reported $1 billion. More than the validation of Siminoff’s vision, the acquisition epitomized resilience and adaptability-part of the very tenets of entrepreneurship. This story of Ring reminds one that the setbacks become the steppingstones to success, and with will and innovation, entrepreneurs can turn their dreams into reality.

 

https://www.geekwire.com/2019/shark-tanks-billion-dollar-blunder-startup-ring-went-tv-rejection-amazon-acquisition/

https://ring.com/products/battery-doorbell

Battery Doorbell - Satin Nickel

 

 

Reagan Thomas

Sean Belnick – BizChair – The Inventory Question

Sometimes it’s not about the produce that you sell but how you sell the product.

Sean Belnick must have had an inkling of that idea when he started BizChair, a company focused on providing businesses and individual customers with chairs in 2001. Picture this; 14-year-old Sean introduced to a brand new platform called the Internet. The possibilities are endless and frankly, too much to think about. So, Sean took advantage of the new and confusing market and provided a simple plan to people. Drop shipping, a system that was simple for any customer who wished to order a chair or two, became the primary business model. This method involved no inventory, but rather a system of instructions relayed to a manufacturing company via BizChair. This system was advantageous in the early days of BizChair because nobody had massive amounts of inventory on the internet yet that would cut into the Sean’s revenue. He also saw that it would cost too much to keep inventory that had no guarantee of selling. This goes double for office chairs. Who thinks of office chairs?

So, Sean envisioned the ease of drop shipping and used this exclusively in the beginning, but he was also smart enough to know that it wouldn’t last long. This model was great because it kept costs low, production easy and location a no-brainer; wherever your computer was, the company was there. The problem is that other competitors knew this too. It was too easy to lose out to others. Once sales were steady enough, BizChair switched tactics and kicked things into high gear. They had a name, they had funds; time to mass produce and under-cut those with their former business model by always keeping inventory and applying to a wider customer base. This allowed them to sell each products by 10-15% lower then before.

Another way Belnick had foresight into the internet world is the eventual emergence of thousands of online retailers. What would differentiate him from the rest? Excellent customer service was the key. From day one, he maintained a free-shipping policy and a 60 day money back guarantee. He credits this for much of his growth and success in the early years.

Even today BizChair maintains a professional outlook on serving their customers. Belnick says that drop shipping was critical but notes that the switch to an inventory based model was one thing that sustained the business in the coming years.

I think this principle is important to remember because it’s not only about starting a business; its about maintaining it and always looking forward.

Mirrorless Apparel – Christ Centered Small Business

Mirrorless Apparel is making waves in the fashion industry with its unique blend of style and faith. Founded by a remarkably young and visionary entrepreneur, Mirrorless Apparel stands out not just for its trendy clothing but for its commitment to Christian values. The CEO, barely in his twenties at Texas A&M University, embarked on this journey with a clear mission: to create a brand that reflects his faith and inspires others.

His choice to establish a Christian company stems from a deep desire to integrate his beliefs into every aspect of his business. He believes that fashion can be a powerful medium to express one’s faith and values, and Mirrorless Apparel embodies this by offering clothing that carries positive, faith-based messages. This approach not only sets the brand apart in a crowded market but also resonates with customers who share similar values. The sneakers have Psalm 23 written on them all over the shoe in different areas and come in pink, black, white, blue and red, appealing to all ages of consumers.

Through Mirrorless Apparel, the young CEO aims to make a positive impact on society, demonstrating that business and faith can go hand in hand. His story is a testament to the power of youthful ambition and the importance of staying true to one’s principles, making Mirrorless Apparel a brand to watch in the coming years.

As someone who has a pair of these shoes, they are a great way to proudly wear your faith and start a conversation with someone at any point in your life.

 

Image result for mirroless papreale shoes

https://mirrorlessapparel.com/

– Reagan Thomas

Entrepreneur and High Schooler

The Gen Z entrepreneur who I discovered is a young women named Destiny Snow, raised by business owners she started a makeup business at just 15 years old.


Destiny Snow :: millennialentrepreneurs.com


While covid 19 hindered many from living the life they wanted, Snow didn’t let it stop her. Covid pushed her to find new opportunities for her business. She discovered early on that she needed to identify the target market for her products instead of trying to sell to family and friends. She jumped on the growing use of social media for business growth and learned how to sponsor people and companies who attracted the type of audience who she was looking to sell to.

Setting a good example for our declining society, Snow said she forced herself to learn and read about marketing so that she could implement what she learned along with her passion into her business.

Snow not only has started this business, successfully rolled with the punches but also aims to teach other young people today about entrepreneurship and marketing skills. She has done this through writing and releasing E-books and becoming a social media influencer.

It’s no wonder that Snow succeeded so well in the business industry because her mother, she says, is a successful business owner. Snow advises finding a model who you can be inspired by and who shows you how to succeed in your area. For Snow, this was her mother.

For me, the thing that’s one of the most impressive about Snow’s story is how she educated herself on how to succeed using marketing. She read books and described her house as looking like a library because of all the material she read to learn and continues to learn. Snow’s story is inspiring, and it continues to grow. She’s an example of what each of us is capable of.

Matt Mullenweg: The founder of WordPress

Where it all began

Born and raised in Houston Texas, Matt had a seemingly normal childhood to most. He was introduced to the technological world through his father who was acomputer programmer. Eighteen-year-old Matt loved to blog on a platform called b2/cafelog. This site soon was taken down by the owners and this is where Matt decided to launch his own site with the help of his friend Mike Little. In 2003 he and Mike soon built what we know as WordPress, and it was widely received by the public. Matt was only eighteen at the time of founding WordPress and he was still in high school. Due to his chronic migraines Matt was absent from school and this could have kept him from graduating but he was able to push through. After high school Matt continued his education at The University of Houston and chose to study philosophy and political science. During college Matt still worked on WordPress and grew more and more detached from his schoolwork. This lead Matt to drop out of college in 2004 to focus on WordPress entirely.

At nineteen years old Matt was offered a job at CNET in San Fransico which allowed him to work part time on WordPress. He stayed at CNET for only a year as he wanted to work full time on WordPress. Matt began building his team adding former Yahoo! executive Toni Schneider to join as CEO. Over the years Matt has joined several other ventures such as Automatic, GitLab, Global Multimedia Protocols Group, and helped launch Ping-O-Matic. Ping-O-Matic is a mechanism to help notify search engines about blog updates. These ventures led to Matt having an amazingly successful career with WordPress. WordPress powered about 40% of the internet in 2021 so one can only imagine how much it has grown in just three years. Approximately 400 million people visit WordPress sites each month. Overall, Matt Mullenweg is someone that is forgotten by most but as we can see and use in class WordPress is a very collaborative and easy service to use.

 

 

Age Is Just a Number

Ava Yuergens (@avayuergens) on Threads

Ava Yuergens

Young entrepreneur Ava Yuergens demonstrates that age is just a number. Ava and her soon to be fiancé acquired 900,000 dollars and residential real estate before she even graduated high school. She is currently 19 years old, married, and has started another business where she helps businesses and entrepreneurs grow and sell on social media. How did she become this successful? The answer is within her daily routine, discipline, and determination. Waking up early in the morning is no problem for her, so she wakes up at 2 am and starts her day. A day in the life of Ava Yuergens is the definition of productivity. You can watch her daily routine here. She works for an average of 15 hours a day and uses the nights to relax and do something fun with her fiancé. Her habits in high school were similar. Before school started, Ava would awake from her slumber at 4 am and read before school started! Ava has a thirst for knowledge, and she lets it consume her. When Ava was in high school, she would read books constantly. She would read about business, marketing, investing, and sales. At age 15 she started a real estate investing company with her boyfriend. The two of them got engaged when they were 16. Ava Yuergens is a fantastic example of where ambition can lead you. Ava’s Instagram profile is packed with business strategies, self-improvement hacks, and hundreds of ideas to help build your business. You can check out her Instagram profile here.  The best part is that Ava isn’t done. She wants to become more successful and read more books. Ava is a model for what young entrepreneurs could be. All you need is discipline, ambition, and determination to prove that anyone of any age can do anything.