Archive for Millennial Entrepreneurs – Page 12

Tumbl(r) Into Success- David Karp

David Karp, inventor of Tumblr, discovered his passion for entrepreneurship at a young age.  He was only 14 when he got his first internship with an animation producer.  Karp was fascinated with the whole industry and started digging into it further.  He started learning more and more programming languages and eventually became very skilled in programming and coding.  This drive would soon take him far and give him the platform that he needed to excel.

In 2007, at the young age of 20, Karp launched the opening of the successful platform called Tumblr.  Tumblr was an idea that Karp came up with.  It is a mix of twitter, Youtube and WordPress.  It gives each user the ability to have their own blog where they can post blogs, pictures and video.  After the first 24 hours of the launch, Tumblr had 75,000 users.  And it soon grew to be a huge and time consuming platform.   His intention with Tumblr was to give the consulting business he owned the attention that he needed for it.  He soon realized that he was incapable of balancing both of these businesses, and shut down his consulting business to run with Tumblr full time.

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Tumblr continued to grow and had proved itself as an extremely successful startup.  As of December 1, 2016, Tumblr hosts over 324.7 million blogs.  Although it hasn’t come close to reaching the 100 billion value of Zuckerberg’s Facebook , Tumblr’s 800 million dollar value is nothing to pass up.  Karp was included in Forbes 30 Under 30 list in 2013.  He used his entrepreneurial mind to design his company in such a way that it was innovative in an age of blogging and networking.  Where others looked at the revolutions of blogging and social networking and saw new tools for communication, Karp saw possibilities for making them easier and more intuitive. Tumblr lowered the bar to creating a beautiful, dynamic website and raised the payoff in the form of positive social reinforcement.

LearnVest- Alexa Von Tobel

Alexa Von Tobel, who received an A.B. in Psychology at Harvard College, is a prime example of a young entrepreneur.  She came up with the idea for LearnVest while working at Morgan Stanley when she realized she and most other people had never had any formal education about how to manage their personal finances. From this stemmed an innovative company.  Alexa von Tobel entered Harvard Business School, but ended up taking a leave of absence too launched LearnVest.  Related image

LearnVest is a financial planning company, which Von Tobel founded. It sells personal finance software to those who don’t know how to handle their personal finances.  What sets this company and idea apart from others is that with LearnVest, financial planning is geared to be affordable, accessible, and even delightful for everyone who uses their services.  Whether you need help to budget better, save for big trips, maximize your investments, or something in between, the company goes above and beyond to let you know that they are there to help you make progress on your money.  LearnVest, unlike other finance companies focuses on not only keeping track of your finances, but educating you on how they are handled and how they can be improved.

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Alexa Von Tobel has been included in many prestigious list such as Business Insider’s 2010 “Silicon Alley 100,” Inc. Magazine’s “30 under 30: The Top Young Entrepreneurs of 2010,” “Women to Watch” by Forbes, “18 Women Changing the World” in Marie Claire, and BusinessWeek’s annual list of “Best Young Tech Entrepreneurs.”  In 2012, she was selected as a Fortune “Most Powerful Women Entrepreneur”.  Von Tobel demonstrated traits such as a knowledge of a lack of fulfillment of a need/want, ambition, and passion.  Traits and principles which I believe all entrepreneurs should possess.  For these reasons, Von Tobel eventually went on to be selected as an inaugural member of the Presidential Ambassadors for Global Entrepreneurship.

 

BANGS

bangsDid you know there’s a hip shoe on the market that is all about supporting entrepreneurs!?

After graduating from Clemson with a degree in Political Science and a minor in Mandarin, Hannah Davis flew to China to teach English to schoolchildren. During her time there, she was inspired by a fellow teacher whose zesty fashion sense often featured an overlooked fashion staple; she loved sporting simple canvas Chinese work shoes.

Hannah knew she’d like to introduce a similar sneaker to the US market. The name BANGS, which is the Mandarin word for help, embodies the mission of this unique social enterprise which aspires to empower and pour into the entrepreneurs- the world changers of tomorrow.

Today, BANGS turns out several colors and styles of shoes, each of which give 20% of profits in the form of loans to entrepreneurs. New entrepreneurs are being selected every month and to date, BANGS has funded 226 entrepreneurs in 49 countries.

Wear good. Support today’s dreamers, and tomorrow’s business-people. Shop BANGS. bangs-cover

Respawn

On March 1, 2010 Activision reported the firing of two senior employees to the Security and Exchange Commission. One of these employees was Jason West the Infinity Ward president, game director, co-CCO, and CTO. The other was Vince Zampella the CEO and co-founder of Infinity Ward.

They were dismissed and replaced by Activision, the same company who helped fund their own company Infinity Ward during the golden days of their Call of Duty franchise.

-Jason West on left and Vince Zampella on right

On April 12, 2010, the Los Angeles Times wrote an article about West and Zampella’s new ambitious venture. They were forming a new game developing studio called Respawn Entertainment.

West and Zampella got funding from Electronic Arts (EA) while keeping all intellectual property. After hearing about West and Zampella leaving and starting a new project, a bunch of their old employees from Infinity Ward left to join thier LLC, Respawn.

In June 2013, they debuted Titanfall their new and revolutionary take on first person shooters. The game was released on March 11, 2014 only for xbox. By October 5th of 2015 IGN reported that Titanfall’s sales passed 10 million globally (awesome for a game only on xbox). Recently they have been even more successful with their multi-platform sequel, Titanfall 2.

-Respawn developing team

Official site: http://www.respawn.com/

Los Angeles Times article on Respawn: http://articles.latimes.com/2010/apr/12/entertainment/la-et-ct-callofduty12-2010apr12

IGN article on 1o million in Titanfall sales: http://www.ign.com/articles/2015/10/05/titanfall-sales-pass-10-million-globally

 

Airbnb

Once upon a time, on a cool October night in San Francisco a pair of roommates by the names of Brian Chesky and Joe Gebbia were just too broke to pay rent on their apartment. They had to get money and get it fast so what did they do? Three air mattresses later and they had an Airbed and Breakfast for people who were attending a conference nearby and didn’t have a hotel room because all of the hotels were full. The pair were then able to get paid by renting said air mattresses and thus were able to pay rent. The end…or maybe not. Why not use this ingenious idea on a bigger scale? That’s exactly what Chesky thought. A few months later Airbnb was started. Airbnb is a trusted community marketplace in which people can rent out their spaces to travelers for both a cheaper price and a more authentic experience. This clever business gives college students and younger families the ability to travel cheaper and better and also allows homeowners to make extra money even while they are away from their homes. Airbnb now connects people to over 34,000 cities, 191 countries, and even 1,400 different castles. So how about we take a trip? Maybe to a castle?

StyleSeat

Have you ever received a bad hair cut? Melody McCloskey has, and she turned this experience into a business. McCloskey in the founder and CEO of StyleSeat, which is an app that connects hair stylists and customers looking for a haircut.

McCloskey was tired of the hassle of booking hair appointments. She found it frustrating when she called a salon sometimes stylists wouldn’t answer the phone or when they did, you just received a random appointment with a random stylist that wasn’t even good at what she wanted to be done. McCloskey decided to fix this problem with her app. StyleSeat makes it easy to book hair appointments with specific stylists. You can search for stylists by where you are and even by what the stylist specializes in. This is such a wonderful tool not only for people in need of a haircut, also stylists. Stylists can promote themselves for what they are really good at and what they prefer to do.

Melody McCloskey really stood out to me because she experienced a problem and made it into a successful business idea. This is such a great entrepreneurial quality to have. I love how she tapped into an industry that pretty much everyone utilizes and made it better. The cosmetology industry is already a saturated industry, but McCloskey found a way to innovate and come up with something new.

 

 

 

ReelFruit by Affiong Williams

If you’re looking for some great stories of innovation and successful start-ups, I would suggest looking for them in Africa. Recently, entrepreneurs in African nations have been realizing their potential at an astounding rate. A fantastic example of this is Affiong Williams and her company ReelFruit.

Williams, who was one of Forbes Africa’s 30 under 30 in 2015, founded her fruit processing company in Nigeria in 2012. The company sells dried fruit and nut snacks, but the impact is much larger. Williams has said that she founded the company because she saw a gap in the market and that “there is untapped opportunity in processing and value addition of raw materials.” She has also said, “I also believe it’s a very budding sector, there is a lot of opportunity as well as the job creation which I think is quite important to me as an entrepreneur to be able to play in an industry that would create a lot of jobs.”

Clearly, Williams is passionate about developing the agribusiness sector of the Nigerian economy as well as the the rural farmers themselves. This info-graphic can be found on their website:reelfruit-infographic

The company’s current product line includes dried mango, pineapple, cashew, banana and coconut snacks. As an ambitious individual, Williams is working on raising capital to open a new, larger factory to produce and package more product as well as expand the product line.

Williams has said, “I hope to be on the cover of FORBES AFRICA in five years’ time.” This company is going places. Look for ReelFruit to expand and to have an incredible impact on the agribusiness economy of Nigeria and beyond.

Polyvore

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We’ve had the opportunity to learn a little about Google several times in class. This pioneering and world-changing company has a knack for curating an army of visionaries, creators, innovators, and encouraging their employees in risk and creativity. Jess Lee, a millennial entrepreneur, co-founder and CEO of P O L Y V O R E, recalls that the greatest advice she was ever received came from her mentors at Google while working there as a product manager out of college.

Lee studied engineering at Stanford. She laughs about coming from an oriental family, where she was only ever encouraged to become a doctor, engineer, or something else of high esteem and considerable salary. But she went out on a limb and accepted a position with Google, determined to challenge herself.

While working at Google, Lee fell in love with Polyvore. And as an innovator, when she fell in love, that meant she incessantly shot emails to the then CEO, Pasha Sadri, with suggestions for improvements. Sadri replied offered a challenge: “Why don’t you come here and fix this stuff yourself? We should talk.”

Lee accepted.

Ever since childhood, Lee remembers wanting to do something creative, like writing. Polyvore was enchanting to Lee for the same reason it is to thousands of other people: it’s a creative platform and community of shared fashion ideas that enables fashion visionaries of all ages to graphically assemble outfits online by digitally collecting snaps of clothing items from their favorite sites. Whether you come from a small town, or work as the editor of VOGUE, Polyvore gives you the opportunity to create, combine, influence fashion in the minds of people all over the world, and gain a following.

In true entrepreneurial spirit, and with no business school history, Lee took on a company she didn’t even think would be profitable at first. She held tightly to a lesson she’d learned at Google and has served her well: “Build something users will love and money will come later.”

Snap Caps – Maddie Bradshaw

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Maddie Bradshaw was worth her first million at only 13 years old.  At 16, she was selling over 60,000 of her unique necklaces a month and making over $1.6 million annually.

Her idea for these unique, interchangeable, bottle cap necklaces started out as simple school locker decorations.  At 10 years old her uncle had given her 50 old bottle caps.  She decorated them, attached magnets to them, and when her friends saw them they all wanted some.  This inspired Maddie to create different designs with bottle caps.

She created Snap Caps.  Snap Caps are necklaces with metal pendants on them to attract and magnetize bottle caps.  Every bottle cap has some kind of symbol, letter, or design so that a person can swap different caps out depending on the style they want to wear for the day.

Maddie found immediate success with her necklaces.  In nearly every store she launched them in they all sold out.  As her business continued to grow and she made her first million at 13, she attracted the attention of the national media and ended up being interviewed on ABC and was able to pitch her project on Shark Tank.  The Sharks loved her idea so much that THREE of them invested into her company!

Currently 19 years old, Maddie continues to grow and expand her business.  She has said, “The great thing about our company is that it’s growing with me.  As my tastes change, so will the products.”  Maddie has also published a book called You Can Start a Business, Too.  Her advise to other young entrepreneurs like her is to, “Follow your passion. If you come up with an idea and you love it, chances are other people will, too.”

Suja Juice: A Lifestyle

suja-juice-1Annie Lawless had many health issues as a child and young adult and a result of that discovered a new found passion for health and nutrition in her teenage years. This passion and expertise in nutrition led her to found, with several co-founders with similar passions, Suja Juice.

Suja Juice makes organic cold-pressured juices and smoothies. In 2015, they were named #2 on Forbes “Most Promising Companies: The Top 20 of 2015.” They have remained popular and have received much attention and acclaim for their products. In January, Suja was valued at more than $300 million and they are expected to reach $70 million in sales this year.

 

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Annie Lawless created a business that she, and her co-founders, were passionate about and grew that business because she also found a niche that consumers were passionate about.  The nutrition and health food market is one that is extremely specialized and each consumer has their very own favorite good that he or she seeks out which can be deflating or inflating for companies. Suja Juice is a company that offers a product that many consumers will go out of their way to find, which shows success in what the company is making and doing. Annie Lawless is a millennial entrepreneur who fully embodies the spirit of what being a millennial entrepreneur means and practices it every day. Well done, Annie!

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You can Suja Juice’s website here: https://www.sujajuice.com/

You can also find Annie Lawless’ personal blog here: http://blawnde.com/