Archive for Business – Page 18

Robert Nay – Bubble Ball

Robert Nay, a seemingly typical 14 year old, took the mobile game industry by storm back in 2010. He developed the app “Bubble Ball”, which is a physics-based game that involves a series of puzzles to solve and levels to beat. Robert only spent a month coding and researching before the game was introduced to the Apple app store. Within the first two weeks of its release, Bubble Ball was downloaded 2 million times. At the beginning of 2011, the app reached 16 million downloads thanks to the company Ansca Mobile, who chose it as its app of the week. At one point, Bubble Ball took the first-place spot from Angry Birds under the category of top free games in the Apple app store.

It is truly amazing how a someone so young executed on an idea he had that resulted in major success. Robert was not held back by the obstacles, but instead learned what he had to in order to bring his vision to fruition. This story sets a good example for anyone who thinks they want to pursue an idea they have but aren’t sure where to start. What truly determines if something will succeed comes down to taking action and taking on every challenge that’s ahead.

Patrick and John Collison – Stripe

How did two brothers who grew up in rural Ireland come to be some of the youngest self-made billionaires and have what could be one of the most important internet companies in the world? Patrick and John Collison were very smart from a young age. They learned to code by age ten, and loved reading. They started a few businesses early on, including one called Auctomatic, which helped sellers on eBay. It ended up selling for $5 million in 2008, when Patrick and John were 19 and 17 respectively. They both attended prestigious universities, Patrick went to MIT and John went to Harvard, but they both ended up dropping out of college and had the idea for Stripe in 2009.

Before this time, there was not really an easy way for money to be transferred over the internet. PayPal was around, but the process still had a large amount of improvement to be made. Patrick and John saw an opportunity for a better payment transaction system on the web. Stripe gives businesses seven lines of code to paste into their website, then they are able to accept payments easily.

Soon after starting Stripe in San Francisco, they ironically received investment money from PayPal founders Peter Thiel and Elon Musk, as well as Sequoia Capital and other investors. They also received money and guidance early on from Y Combinator – a famous startup accelerator in San Francisco, as well as CapitalG – Alphabet, or Google’s investment company later on. In 2016, Stripe received a $9.2 billion valuation making the brothers both billionaires, and in September 2018 they received a $20 billion valuation. They still have a lot of work to do before reaching that valuation, but it shows the large potential of the company.

Stripe has also connected with some huge clients. Companies like Facebook, Lyft, Shopify, Spotify, and SquareSpace all use Stripe to process their payments. They even have started working with Amazon on some of their transactions. Stripe now has millions of businesses using its platform, and handles billions of dollars in transactions per year. Chances are that half of the transactions a person makes online are through Stripe, whether they know it or not.

Patrick and John are constantly thinking about how to improve the lives of people around the world. In 2016 they started a platform called Atlas that helped international startups with incorporating in United States. They also love to read and be outside. Runs and other activities with their Stripe team members happen often.

Stripe is impacting millions of people and businesses in how money is transferred over the internet, and in many other ways. It will be exciting to watch the company as they grow in the future and impact millions more.

Teal Drones

Middle school can be a tough time for many young teens. It’s a time to begin learning who you are and trying new things. In George Matus’ case, it was a time to work as a test pilot, learn about aviation, and prototype helicopters and drones. George’s goal was to find what was lacking in drones and add and improve upon them. A few years later George’s dream drone was born in the form of The Teal One.

Matus officially started his drone business when was 17 years old in high school. It was quite the journey. He raised 2.8 million in seed money with 100k coming from Peter Thiel’s Foundation to skip college. Matus also participated in Battlebots, built a team of 15 workers, built a website, created a warranty policy, and completed high school classes the same year. Finally, he launched his commercial drone business, Teal Drones, in early 2017 with his first product costing $1,299.

Perhaps the most incredible part of Matus’ journey was his job opportunity as a test pilot for HorizonHobby in middle school. After being told to take down a video on YouTube of flying a modified version of their drone upside down, he was offered a job. While there, Matus designed a helicopter that could fly for 2 hours and a drone that could fly over a hundred miles per hour. His experience in this job allowed him to see the gaps in the drone industry by just age 16. With determination, natural skill, and a passion for drones, George Matus created a company that is leading the way in the drone industry through design innovation and the search for new use applications.

Mr. Cory’s Cookies

Most of us think back to when we were six and we remember playing outside and just goofing around. Not Cory Nieves also known as “Mr. Cory”. At six he was dreaming of making the world better for everyone he knows. In 2010 he told his mother, Lisa, that he wanted to buy himself a car because he was sick of taking the bus to school. He said to raise money to buy the car he would sell hot cocoa in his neighborhood in the town of Englewood, New Jersey. After realizing that her son had extreme his dedication to his new business, Lisa encouraged him to continue his business and try to save enough money for college. So that’s what he did

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He expanded to selling lemonade and cookies alongside the hot cocoa per request from loyal customers. After trying to find the perfect recipe Cory and Lisa found it and took that recipe and made a whole variety of exciting flavors. There cookies are made with all-natural flavors for his health-conscious customers and include flavors like: Double Dark, Oatmeal Raisin, and Sugar. He has worked with companies like Aetna, Barney’s, Bloomingdales, Citibank, J. Crew, Macy’s, Mercedes-Benz, Pottery Barn, Ralph Lauren, TOMS, Viacom, Whole Foods, Williams-Sonoma and now our partner, Mr. Marcus Lemonis. Cory has a born intuition for entrepreneurial things. He plans to continue his business to save up for college and much more. I for one cannot wait to see where he goes!

 

Always More

As a Christian, we are running this race we call life with the end goal of crossing the finish line and into the arms of our Father as he whispers, “Well done, my good and faithful servant.” The race is tiring and we sometimes get distracted from where the finish line is. We hesitate, we fall, we get up again and we keep going, because we ALWAYS have MORE strength, endurance, and power in Christ.

Audrey Roloff, the founder of her blog AujPoj started writing the phrase “always more” on her arms and shoes in high school. A dedicated long distance runner, she kept every pair of running shoes she has ever owned and would spray paint them red, fill them with prayers and notes, and finally mark the bottom with the phrase “Always More” to signify the end of an era and the start of a new one. Her inspiration behind the phrase comes from Ephesians 3:20, “Now to Him who is able to do immeasurably more than we could ever ask or imagine…” As she got older, she started applying the phrase to more in her life beyond just running. “When I get cut off on the road or treated rudely, these words remind me that there is ALWAYS MORE to someones’ story than what I know. When I am filled with joy, these words remind me that Christ will ALWAYS overfill me with MORE joy as I look to Him.”

What started out as a personal mantra for a girl growing up in the Pacific North West has now turned into a national movement.

Roloff started her blog AujPoj as a way to relate running and faith, but expanded it to include DIYs, tutorials, devotionals, personal stories, and more to create a true hodgepodge of creativity and inspiration. She has since expanded her blog into a shop inspired by the phrase, “Always More” where she sells clothes, hats, stickers, and more.

She frequently references her “always more” mantra with applications to her own life experiences to over 905,000 followers on her personal Instagram page. And with almost 75,000 followers on her shop Instagram page, Roloff’s personal motivation has expanded into a full blown business and ministry. Her mission to encourage other women to “ALWAYS believe in the MORE that is within them through Christ,” has reached young women all over the world. She’s also included an Always More Devotional which involves weekly text messages filled with encouragement, prayers, scriptures, and more to inspire and motivate you to always believe there is more to be found in Christ.

Audrey Roloff has created more than just a business. She’s created a movement. There is always more hope, love, and joy when we seek Christ, and she invites anyone and everyone to come alongside her to live out this truth.

Instagram.com/AudreyRoloff

Instagram.com/ShopAlwaysMore

https://www.aujpoj.com/always-more/

https://www.aujpoj.com/shop/

Teal Drones: World’s Fastest Commercial Drone

George Matus was only 12 years old when he created his own flying quadcopter. As he got older he became frustrated with the drone options that were on the market. They were restrictive for they were either only racing or only for taking pictures and video. So, he created his own “wish list” of things that he wanted in a drone and went to work making prototypes. After dozens of versions of drones and hours of test flying and crashing he was able to create his dream drone at the age of 16. The drone is capable of flying faster than 70 mph and can withstand wind of up to 40 mph. The product is yet to be released but Matus has plans to release the drone next year with a starting price of $1,300. To date, Teal Drones has raised over $3 million in fundraising and has an extremely bright future ahead.

CNBC: George Matus, founder and CEO of Teal

 

Article Link: https://www.cnbc.com/2016/08/12/meet-the-18-year-old-entrepreneur-who-built-the-worlds-fastest-drone.html

 

Social Media Tycoon

        Evan Spiegel is someone who has accumulated great wealth at a young age through the popular multimedia messaging app Snapchat. Being a California native, he grew up surrounded by all sorts of innovation and developments. Evan attended Stanford University to study product design, which eventually led him to come up with the concept of Snapchat. This idea received lots of criticism from his peers, but Evan decided to pursue it with two of his peers by creating a prototype. It was first named “Picaboo”, which would later be renamed Snapchat. He then decided to leave Stanford to focus on Snapchat fulltime. From 2012 to 2018, the daily active users went from 1 million to a staggering 400 million. Spiegel reached billionaire status by his mid-twenties and is now worth $1.8 billion. This goes to show how someone’s age does not limit them to achieving a high level of success. Perseverance and vision were very integral to Evan’s pursuit for achieving big things, even when his peers thought the idea was bad.                                                                                 

 

Kool Kidz Sno Konez

Brother and sister team, Jaden and Amaya, began a food truck business in the city of Memphis at age 12 and 11 in 2017. The duo began with a card table and extension cord for their blender in the front yard and enlisted some of their friends to help advertise on the street corners. The snow cones became a quick success, earning the pre-teens $1000 in just two summers. With the help of their mom, they bought a van off Craigslist and brought it up to food truck standards for the city. This made them the city’s youngest food truck operators and one of a mere 30 “true” food trucks on the streets. Their mother, a single mom and registered nurse, drives the food truck on the weekends and Amaya works the window. Jaden has plans for expansion into the future with the goal of franchising their snow cone business. He sees this as a way to work smart and not unnecessarily hard.

Kool Kidz Sno Konez was made possible by an ordinance created in 2011 making it easier to enter business in Memphis. The family took full advantage of this and are now working towards a franchise. Jaden and Amaya represent the entrepreneurial spirit and mindset. After their mother encouraged them to make money on their own so they could afford toys and other things, they took it to the next level. They didn’t settle for a standard lemonade stand, but reached for higher standards and now find themselves on a continuing entrepreneurial journey at age 13 and 12.

Noa Mintz

Noa Mintz began her entrepreneurship journey in 2008. She began a summer art program where she offered classes for a small fee. After two years she kept growing in her journey and expanded her businesses. She started a party planning business and she even wrote an employee handbook for guidance. As she got older she said that she was not impressed with her work from her earlier years but she gave herself some leniency becasue she was under the age of 10.  Now, a 16 year old, she has runs a full-service childcare agency in New York CIty.  Her agency is called Nannies by Noa.  The business matches a nanny and the family that is need of a caregiver. When she began highschool she did not have enough time in her life to balance her school and jobs so she hired a full-time CEO.  This CEO had 25 years of experience and along with that, she hired two additional associates.  She is proud of the fact that she is creating jobs and that she gets to employ people.  She says that “It is rewarding and empowering.” She has been very successful and has found hundreds of nannies for families in New York.

Image result for nannies by noa

Gladiator Lacrosse

In 2013, Rachel Zietz identified an issue identified a relatable issue to most athletes. She believed equipment was both too expensive and not durable enough. At the age of 13, Rachel sought to solve this issue. Hence, the company Gladiator Lacrosse was born. After attending the Young Entrepreneurs Academy in Boca Raton, Florida, she had an opportunity to pitch her idea to a panel of investors. She was given $2,700 to get started. She used this start up capital to create a line of lacrosse rebounders which is affordable, high quality, and durable. After just one year on the market, Rachel had made $200,000 in revenue. Two years later, her sales had increased to over $1 million dollars! Not to bad for 3 years considering her startup money began at $2,700. She continues to impress the entrepreneurial community as she was honored as a finalists for the Greater Miami Chamber of Commerce’s 2015 Entrepreneur Award. Rachel is a shining example for young entrepreneurs everywhere.

Sources:

-https://www.cnbc.com/2015/07/27/8-young-entrepreneurs-making-serious.html?slide=7

-http://www.gladiatorlacrosse.com/