Archive for Entrepreneurship – Page 3

Alinea- Eve Halimi and Anam Lakhani

Have you ever wanted to try out investing but was never taught very well, or do you want to know how to make some money passively? If you’re curious to learn more about investing, then Alinea is the solution for you! Alinea was founded by Anam Lakhani and Eve Halimi when they were only just 24 years old! They came up with the idea in class at Barnard College, Columbia University because they noticed that some of their classmates didn’t want to invest because they didn’t know a lot about it. They also realized that not knowing a lot about investing shouldn’t stop you from trying so they created Alinea, but what is Alinea? Alinea is an investing app that was created with Gen Z’s in mind to help them grow their investments. Alinea is also backed up by Harvard, Goodwater, Kima, Y Combinator and many others. Eve and Anam created this app because it can hard and tricky to understand financial markets, especially today. The internet and technology keep growing, and so do the opportunities to make money. Alinea is a great way for new investors to get more familiar with the stock market and they also offer an “inclusive community for new investors.”

In the app, there’s personalized investing recommendations and caters towards different demographics and generations. Another cool feature of the app is how users can even start investing with as little as $1 for fractional shares of stocks and EFTs. Not every investing app lets you start off with $1, and with the starting price being so low the risks are also pretty low. Alinea also has a feature called “playlists” that are groups of stocks that can be customized based on what your values or lifestyles are. There’s even the option to invest in female-founded companies and many others. Over the years, this app has $2.1 million in funding from a lot of strategic investors and even Hardvard! Alinea is SEC registered investment advisor, FINRA & SIPC Insured as a drivewealth partner, and bank-level security, and SSL & 256-bit encryption. Having all of these features makes investing safer and easier, with lower risks and a whole lot of learning without the stress! With an annual membership only being $96, you can get access to a whole lot of support and learning opportunities on how to invest! Check out their website here!

Sources:

ALINEA INVEST : FOUNDING STORY | Alinea Invest: Social Investing App for GenZ

ALINEA, NEW FEMALE-FOUNDED FINTECH AND Y COMBINATOR BACKED APP, REINVENTS CREATIVE INVESTING FOR GEN Z

Ornament Anchor – The Naqvi Family

Ornament Anchor is the smartest, easiest, and best way to hang your Christmas ornaments. Ornaments are very fragile, and even just bumping into the tree can make your ornaments fall or break. Additionally, cats and dogs pose a threat to low hanging Christmas ornaments. Flimsy hooks and simple ribbons don’t work, which led to the creation of Ornament Anchor. The simple product can hold up to 10 pounds and can be used to keep your memories safe and secure by fastening the ornament to the tree so that it can’t easily fall off.

Ayaan Naqvi (middle of the three children in the picture) came up with the idea for Ornament Anchor when he was in fourth grade. He was sitting by his Christmas tree trying to come up with an invention for a school project. He noticed that each year, a few of their family ornaments broke because they weren’t secured well to the tree. He came up with a product to anchor ornaments to the tree so that they wouldn’t fall off, and Ornament Anchor was born.

The Naqvi family appeared on Shark Tank in Season 10 with Kudo Banz, a product that starts with a storybook and at the end of the story provides a cool band for the child to wear. The Sharks thought that the valuation was too high, and the family left without making a deal. The Naqvi family appeared again on Season 13 of Shark Tank with their product Ornament Anchor. They were seeking $90,000 for 5% of their ornament-saving business. Ornament Anchor’s lifetime sales when they appeared on shark tank was over half a million dollars. None of the Sharks invested in Ornament Anchor despite their high profit margins and great sales to date.

Despite not making a deal on Shark Tank, Ornament Anchor now has a net worth of about 2 million dollars. The family of entrepreneurs has a bright future ahead, and who knows, we may seem them on Shark Tank again with another new product!

Whatever Happened To Ornament Anchor After Shark Tank Season 13?

Kaitlyn Kuscevic

Bear Mayer- Bruce Bolt Batting Gloves

Bear Mayer was just 16 years old when Bruce Bolt became a reality. He was a full-time high school student and baseball player. He was searching for ways to make money, but didn’t have time to get a job with such a full schedule. The only potential way he could get a job was if he quit baseball, and that just wasn’t an option for Mayer. He asked his dad for advice, and he told him to start a company. Mayer was very lost with where he should start, but then it hit him… Batting Gloves. The name Bruce Bolt came from his grandfather named Bruce who was struck by lightning twice, but somehow survived. He started making gloves out of his garage in Austin, Texas. From there the brand shot off and grew rapidly. Five years later players like Jeff Mcniel in the MLB wear Bear’s batting gloves. But what made Bruce Bolt different? Everyone knows there are a million different options for batting gloves out there. Mayer talks about how when he was playing baseball his batting gloves would always rip and get worn down. So, he makes Bruce Bolt batting gloves with “100 percent Cabretta leather” which is made from the skin of sheep that grow hair instead of wool. Mayer calls it “the best leather in the world” and prevents tearing. So, what makes Bruce Bolt different is its durability. The gloves also allow for extra padding to prevent injuries in players hands. Today, Bruce Bolt has arm sleeves, pants, sliding Mits, and more. It has grown so far beyond batting gloves as customers love the designs and colorways of the brand. I personally love Bruce Bolt myself which is why I chose to write about Mayers story. I own my own pair of Bruce Bolt batting gloves, and they are great. It is truly inspiring to see that even with a bunch of huge competitors Mayer found a way to innovate and build a brand in something he loves.

16-Year-Old Invented The BEST Batting Gloves In Baseball! | BRUCE BOLT ...

Sources:

Behind Bear Mayer’s creation of Bruce Bolt batting gloves (nypost.com)

The BRUCE BOLT Story

Mark Zuckerbuerg: Facebook

Mark Zuckerberg’s journey from a normal college student to a largely successful entrepreneur shows the importance of innovation and taking risks. In 2004, while studying at Harvard, Zuckerberg created Facebook as a social media site for students to connect with each other. It quickly became really popular and expanded beyond just Harvard. Zuckerberg dropped out of Harvard after all of his success and secured a large investment from Accel Partners. This money allowed Facebook to keep growing at a quick rate, and within a few years, it became a global social media.

Zuckerberg has said in regard to this platform that he wanted a space where people could share content, discover interests, and interact with businesses. Today, Facebook remains one of the world’s largest social networks. This shows that young entrepreneurs who have a simple idea and execute it well can have massive success!

Grace Beverley: Sustainable Fitness

Grace Beverley is a successful young entrepreneur and founder of sustainable style brand TALA, and fitness tech brand Shreddy: both majorly successful brands. She founded both of these companies in her early 20s, at a very young age. These brands today promote sustainable fitness wear that is accessible in a large range of sizes. In an interview, Beverley discussed her goals for these lines, saying, “My priority is to make sustainability accessible and in turn to combat the huge impact of the fashion industry on our planet.” She founded these companies all while studying at Oxford University. However, after her time at Oxford, she discovered her passion for sustainability. She continued to attain a Sustainable Business Strategy certificate from Harvard Business School. After her education, she was recognized in Forbes 30 under 30 at the young age of 23 for her style brand TALA.

Beverley is very open in her advice to young entrepreneurs. In an interview, when asked what one of the hardest parts of being a young entrepreneur is, she said the issue is not how other people see you, but how you see yourself. She openly talks about her struggles with imposter syndrome, as it can be hard to feel like you belong among so many successful entrepreneurs at such a young age. These principles and lessons are really valuable to remember as young entrepreneurs.

Rare Beauty – Selena Gomez

Selena Gomez is famously known for staring on the Disney TV series Wizards of Waverly Place and appeared in other movies. She was also known for being a singer and songwriter with her most popular songs being Same Old Love and Hands to Myself. Now, she is also known as a businesswoman and entrepreneur.

At the age of 29, Gomez decided to launch Rare Beauty, a full collection of makeup, in September 2020. The packaging is feminine yet simple and it is made to be accessible, both in terms of skill and ability. Fans have pointed out that the rounded applicators are designed to be easy for people with arthritis to use. Some of her products include foundation, concealer, blush, highlighter, two different kinds of lipstick, lipliner, brushes, a makeup sponge, and a face mist. She wanted to create products that help people enhance their natural features without altering them. She opened up to reporters while showcasing her Rare Beauty Spring 2022 collection about how her beauty philosophy has changed over the years. She talked about how her past insecurities inspired her to launch a brand that breaks down “unrealistic standards of perfection.”

A major element of Rare Beauty has been its mission to impact, driving discussions around mental health and paving the way for brands and consumers to speak publicly about dealing with pressure, stress, and anxiety. 1 percent of all Rare Beauty sales go to the Rare Impact Fund, the brand’s nonprofit affiliate working to expand mental health awareness and services, specifically in underserved communities.

Personally, I have products from Rare Beauty and will continue to buy from and support her brand because of the story and mission behind it. I have never been into using makeup as a way of completely changing the way I, and I love that she created this brand for the main purpose of enhancing natural features instead of completely altering them like most beauty brands tend to do.

Selena Gomez photographed for Beauty Inc on September 20, 2023 in Los Angeles, CA.

Connor Blakley, Founder of YouthLogic

Connor Blakley is the perfect example of a Gen Z entrepreneur – he saw a problem and solved it. His company is YouthLogic, a marketing consultancy that he founded when he was just 15.

While Gen Z might not be the largest generation right now, they still have significant influence and economic impact. They influence $44 billion in just discretionary spending. Blakley realized at a very young age that he can leverage his knowledge about the younger generation to help companies with their marketing efforts. He got the idea for the business while watching his friends scroll through Twitter, noticing how quickly they skipped through content. This made him wonder how companies could change their approach to capture attention.

After doing more research, Connor made several observations that he used to help the way companies target a young audience. First, he claims that there is misconception that we only have 6-8 second attention spans. Rather, he says that our generation is better at detecting marketing on social media, and we skip it faster if it doesn’t bring us value. Second, he says that companies often put generations in a box instead of trying to actually understand them. They should work to create more relatable content. Finally, Connor observed that Gen Z clings to brands that take a radical stance. The younger generation appreciates authenticity and wants to support brands that agree strongly with what they believe in.

Connor started the business when he was 15 and ended up selling it when he was 19. Just recently, however, he reacquired the business and is running it full time. YouthLogic has become very successful, and has worked with brands such as PepsiCo, T-Mobile, Raising Cane’s, and Levi’s.

 

Ameen Fadel: Cedar Valley

Ameen Fadel started a pita chip business called “Cedar Valley.”  This business started as a high school project.  He received $3,000 from his school board and worked with his mom to make a Lebanese salad dressing– this is a family recipe.  It took two years to finalize the recipe.  In 2017, they went to their first farmer’s market. They sold pita chips with the dressing, but people wanted to buy the chips too.  This was the first step changing what they thought the business would be.  Ameen Fadel and his mom got a facility to make the chips and then got their products into grocery stores.  In 2020, they moved into a 5,000 square foot location to keep up with the demand.  They continued to expand to over 1,800 retail locations.  In 2023, they went onto the “Dragons’ Den” which is Canada’s version of Shark Tank and made a one million deal.

It is amazing how Ameen and his mom stuck with this idea.  It took them a whole two years to finalize the dressing, and that is not even their business today.  They did not become discouraged, but rather thrived in their iterations.  In the beginning, they focused so much on this one product that they were blinded to other opportunities until they talked with their customers.  They took so many risks, but these were also calculated and needed.  They risked by changing their main product and risked by the continual expansion.

This family was driven by wanting to share with the world their experiences and their love for their heritage. They did not initially think this could be as profitable as it was today; they were not in it for the money!  They started at a farmer’s market, but their internal motivation fueled them to continue.

Check out them at their website: https://cedarvalleyselections.ca/

Plushies With Pocket Powers

In 2013, two sisters set out to create a product they never would have seen themselves selling. Sydney and Toni Loew are the founders of Poketti. What is a Poketti? A Poketti is defined in their website as, “A plushie with pocket powers.” According to their website, Poketti means many pockets. The family business started when Sydney Leow took an entrepreneurship class in 7th grade. Sydney and her team had brainstormed the idea of a plushie in that class. But the plushie kingdom did not stop there! Sydney was inspired and wanted to create her own plushie with a pocket for convivence to store treasures. She consulted with her parents, who are designers, and her sister, who became her business partner. The small idea in a 7th grade entrepreneur class became a family business idea. Each plushie has its own name and style. For example, Sydney the Penguin, Toni the Bunny, Roxi the Kitty and Baxter the Puppy are all part of their series 1 launch, and the first four plushies they created. In the summer of 2013, they launched a 30-day Kickstarter campaign and raised $20,000 for the initial order of Poketti plushies. Since 2013, they have continued to be successful. Poketti has attended several trade shows and direct sales events. They have even produced a tv commercial. Poketti has spoken at many schools and clubs, inspiring young kids their age to chase an idea. Poketti has also received multiple awards. In 2016, Sydney and Toni were named Wonder Girls at the annual Women in Toys award gala. Sydney represented Poketti at the AGG Silicon Valley Grow Awards at the Computer History Museum in Mountain View, CA. Poketti also received an honor for Innovative Branding at the annual ICON HONORS event. Throughout the years Poketti has been growing and growing. They even expanded their company to Walmart! Who knew that lives would be changed from a 7th grade class. Poketti Plushies with Pocket Powers Series2 Parker the Owl

Check out the Poketti website here!

 

Frasier Lipton: Crafting a Big Impact Through the Little Things

Frasier Sterling began as a small gem in Frasier Lipton’s apartment, a mere side hustle Lipton gradually scaled, using materials of increasing quality and quantity, as her customer base grew beyond her expectations. In remarkable timing, she found herself “working until 2 am for years to keep up” with the demand for her products; according to Forbes, Frasier Sterling has “grown over 100% YoY [year on year; annually] since inception.” She realized she needed to scale up her production methods—and her confidence in the business’ success—when the flow of business “hit an inflection point” around 2015 “and wasn’t manageable anymore.”

Two years later, when Frasier Sterling had long lined the shelves of major retail distributors, Lipton noticed that retailers took advantages of such dependent businesses and recognized a landslide that could occur to her own business when other brands such as Nasty Gal filed bankruptcy. She responded by shifting Sterling into a direct-to-consumer (DTC) brand, distributing products directly to customers online.

Lipton has been driven by the vision of creating jewelry akin to the candy-bracelet and dainty charm-necklace wonderland central to most young women’s childhoods, expressing that she loves to “make pieces Bella and Gigi Hadid, Sofia Richie and Madison Beer wear but everyone else can also afford. I try to keep Frasier Sterling light, fun and feel good — I always say if it can be described with an emoji, I know it’ll be a hit!” Lipton has kept this centrality in the Web, investing in online advertising as opposed to in-person campaigns and functions, a strategy which aligns to Lipton’s target market of the current ‘net-engrossed generation.

Regarding her view of the success of Frasier Sterlig, Lipton harkens back to the brand’s prioritization of customer feedback in every step of the business’s trajectory, stating of her customers that “they’re so interactive, vocal and always telling us what they like and don’t like. We know our customers so well and really lean on them when it comes to product design, collaborations, the type of content we are putting out and even the deals we run — and I think this a big factor in why our retention rate is so high compared to industry standard.”

As a recent facet of this trajectory, Lipton has striven to tune in to the voices of young women beyond her customer base, partnering with nonprofit Girls Inc. to offer mentorship to young women in impoverished conditions, driving positive growth in people’s lives at a young age and ensuring that bright and innovative women like Frasier Lipton have the opportunities to act on their motivations and fulfill their dreams as well.