Archive for Finance

Intertwined

Posted by williamsef24 
· Sunday, September 29th, 2024 
· 2 Comments

Intertwined is a business that helps people with the resources to learn about financial literacy.  Kerry Ao and Naina Muvva are the cofounders, and they found that 80% of Americans do not have the know about financial literacy.  Therefore, they created Intertwined to help people learn about this through a tailormade education platform using artificial intelligence.

Naina Muvva was just a junior in high school when she identified this need.  Her and Kerry Ao were both in their business club, and they would teach their peers about stocks.  They realized that they could expand this through using simulations and games by AI creation to teach more people about these concepts.  The use of AI allows for questions to be rephrased to help the user learn information.

In two years, there were over 2,800 students nationwide using Intertwined.  She further advanced her education by going to Washington University.  Ms. Muvva majored in medical anthropology, but also used the WashU entrepreneurship program.  She found much needed support and help there.  She and her cofounded were named in Forbes “30 Under 30.”

In an interview with WashU, Ms. Muvva gives advice to other young entrepreneurs.  She says that there will be setbacks, but those need to be expected.  She also says the growth will not be all at once, but rather “wobbly,” still it needs work poured into it.

Check out Intertwined here!

2 Comments
Categories : AI, Education, Entrepreneurship, Finance, Uncategorized

Jared Isaacman – The Billionaire Astronaut

Posted by DROrsborn 
· Tuesday, October 4th, 2022 
· 4 Comments

Polaris Dawn Team training for their next mission (Isaacman is the third on the right)

Jared Isaacman is today worth around 1.4 Billion USD his story begins in New Jersey. As a teenager Isaacman dropped out of high school when he landed a job with Merchant Services Inc. as an consultant who provided information on the web which was new at the time. He had previously took advantage of the new trend of the web by selling web services to local businesses which is where he got the connection with MSI. During his brief time working at the company he realized the opportunity in the industry, it took to long for businesses to adopt POS systems (Credit/Debit Card terminals) and where eager to have a third party bridge the gap by making these services easier to use which in turn increases sales for the businesses using POS. Isaacman left the company to start his own business as a teenager, because of his age he needed family connections and a loan to be approved for a credit ID to use his businesses. His business quickly took of as the digital age became inevitable and Isaacman brought one of the first Digital terminals to market which is what we often see today shopping at local restaurants where you simply put your card in to pay. His business expanded and included his former employer MSI and Shift4 a large competitor whose name he took for the company. Today the company is one of the most competitive in the industry rivaling only Square who has a different target customer. In addition to Shift 4 Isaacman is a extreme aviator holding multiple records for his daring trips in fighter jets. Later as an adult he also founded Draken International which is the largest private air force in the World which trains Air Force pilots saving the USAF money and time. As if that was not enough Isaacman has also been to space… He partially funded and was a part of the first fully-private Space mission, teaming up with SpaceX for the Inspiration 4 mission which also raised million for Charity by raffling a seat on the mission. Today Isaacman is training for Polaris Dawn his next Space Mission again with SpaceX. This time he will be team commander a position usually only held by the most experienced NASA astronauts.

4 Comments
Categories : Aviation, Droupout, Finance, Space

Mikey Wren

Posted by TrainerND1 
· Monday, October 3rd, 2022 
· 3 Comments

Michael Wren is a young entrepreneur who became popular in St. Louis, Missouri after his vending machine company, Mikey’s Munchies Vending, took over. At the age of 8, Mikey came up with the idea of making vending machines to put over the city of St. Louis. Mikey, who is now 13, owns a total of 12 vending machines. He has taken a step out of the world of business and is a Amazon Best Selling author for his book Mikey Learns About Business. Mikey is an icon and leader around St. Louis and helps teach financial education and entrepreneurship skills.

Mikey is a unique type of entrepreneur because he has used his skills to not only begin a running business, but is also spreading his knowledge to his peers to help them advance their skills in the business world. Mikey is inspiring in the world of entrepreneurship because he faced adversity head on taking all of the skills he lacked in and built on them to become a better young entrepreneur. Everyone should listen to Mikey’s lessons about entrepreneurship as they not only give you skills on how to innovate and run a business, but teaches lessons on overcoming adversity and the importance of studying general necessities in life such as money spending and other financial qualities.

3 Comments
Categories : Entrepreneurship, Finance

LearnLux

Posted by whiteea20 
· Wednesday, November 18th, 2020 
· 4 Comments

 

How many of you have a financial plan for after college? How many of you even thought about personal finances at all? In all of my school experiences personal finance has never come up. Thankfully, Rebecca Liebman has created “an online learning tool”, known as LearnLux, all at the age of 22. Liebman’s goal was to help people execute their prime investment period, develop credit they will need later in their future, and in general make hefty financial decisions. Liebman wished she had the same kind of help when she was younger so she could understand her money and have access to financial expertise.

LearnLux provides lessons and intriguing, stimulating classes to assist anyone who is looking to further their knowledge on personal finance. Liebman geared this online tool towards anyone struggling with finances but had college students on the fore front of her mind when LearnLux was in the midst of being created. If you are worrisome about your finances LearnLux is the perfect tool for you; it teaches you the ins and outs of personal finance. LearnLux confirmed its success by being featured in CNBC, Forbes, HUFFPOST, and TechCrunch.

Liebman’s story may not be as crazy as others but, she still found a problem that many people face and innovated a solution to benefit them. Liebman demonstrates, problem solving, proactivity, and self motivation. LearnLux was created through personal experience because Liebman noticed how she did not know what to do when it came to finances. With this in mind, Liebman wondered if any college students had any financial plans thus, LearnLux came about. People can now turn their financial worries to Liebman and LearnLux to get the answers or information they need.

4 Comments
Categories : Finance

Upstart – You’re More Than Your Credit Score

Posted by sekerakw20 
· Monday, November 2nd, 2020 
· 1 Comment

According to a 2019 survey by Bankrate, 58% of millennials were denied at least one type of financial product due to their credit score.  A lot of young Americans are being denied the financial support they need because of a bad credit score.  While a credit score may be important, they are often not a fair and accurate indicator of an individual’s ability to pay back credit.  Previously, one’s credit score is a make or break in the world of loans.  28-year-old entrepreneur Paul Gu is trying to change that with his company, Upstart.

Upstart is an online lender that aims to help people erase credit card debt.  However, they do more than a traditional lending firm.  Upstarts underwrites loans with quite unconventional data.  For example, while a traditional lender may heavily weight credit score and income, Upstart factors data such as SAT scores, college majors, and college grades into the underwriting process.  With this model, Upstart approves 27% more applicants than a traditional model, according to a CFPB study.  Upstart analyzes this data using machine-learning.  There has been a rise of the use of artificial intelligence by financial institutions, as seen in online approvals, robo-advisors, and technologies such as Ocrolus.  Upstart’s loans also feature next-day funding and no prepayment penalty.

Paul Gu’s untraditional new method may significantly change the way loans are written in the future.  If people flock to a more lenient approval system, other lenders may have to lower their approval thresholds by lowering standards or factoring in other customer data, like Upstart.  Paul Gu’s forward-thinking actions have created an interesting and potentially revolutionary new method for approaching consumer loans.  With his creation, many more honest people with bad credit scores will be able to pay off their credit card debt.  Time will tell if his method will stick and other lenders will follow suit.  Regardless, it will be interesting to see what Gu does next.

 

1 Comment
Categories : Artificial Intelligence, Banking, Finance