Archive for Millennial Entrepreneurs – Page 6

A Whale of a Story — Vineyard Vines

Image result for vineyard vines logo

Shep and Ian Murray, CEOs and brothers (as they like to be called) created the now iconic clothing brand Vineyard Vines. The two brothers were working for in Manhattan in 1998 when they both decided to quit the corporate life to pursue their dream of living the good life hence their slogan “Every Day Should Feel This Good.” They say their story began with the reminiscence of their childhood on Martha’s Vineyard. Before quitting their jobs in NYC they signed up for as many credit cards as they both could (and used their health plan just as much, they like to say). With their credit cards they used all they could to personally finance their dream of living the good life.

July, 1999 the two brother began selling their ties off their old boat and out of backpack on Martha’s Vineyard. That summer saw the largest growth their new company Vineyard Vines (VV) had ever seen. By the end of the season VV moved to a small office on the island. By 2004, the Murray brothers’ company grew to multiple boutique shops along the East Coast. Between their expansion in ’04 and ’07 the new company’s revenue tripled. And, in 2015, VV christened its new 91,000 sq. ft. headquarters in Stamford, CT.

The story of the Murray brothers and Vineyard Vines goes to show that investing in yourself without a safety net is always the best motivator for any entrepreneur. Risk it all to get the best reward because “Everyday Should Feel This Good.”

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.

Helping to Bring Sight to the Blind

Shubham Banerjee was just 12 when he founded Braigo Labs. This is a company developing Braille printers with the ability to take online text, convert it to braille, and print it out.  More than that, Shubham redeveloped this process for 3D. This cuts the price of the printer by more than 1,000 dollars, which keeps the price in the low hundreds. This allows the impact to reach people in every economic class. Image result for shubham banerjee

Shubham writes about his inspirations for this company on their website. He states that 285 million people are visually impared and 90% live in the developing world. What he likes about his printers is that they are D-I-Y. This allows for an easy adoption process by customers. Image result for shubham banerjee

Truthfully Shubham tells the story and mission way better himself. He is quite young, but extremely entrepreneurial in his thinking. At just twelve he started having extreme impact on the world. It will be neat to see how this technology develops and how people will utilize it.

A “New Story” for the Homeless

In many cases the world’s greatest technological advances are reserved for the rich until they slowly defuse into the mass market and if the poor are lucky, they eventually have a chance to utilize them. However, New Story, a nonprofit; has paired with ICON to give the poor an exclusive first dibs on some amazing technology.

New Story + ICON have developed the capability to 3D print houses and are using this technology to build safe, affordable, and comfortable homes for the homeless around the world.  They can print 600-800 square foot homes in 24 hours for less than 4,000 dollars. The impact this can have on third world is insane. It will create safer and cleaner communities where their residents can develop to their fullest potential.

Not only is New Story a crazy cool organization, but one of its co-founders and CEO is a millennial with a crazy cool story. Brett Hagler went to college pursuing all the wrong things in life. He wanted money, fame, and women. Instead he got cancer. His fight against cancer helped him to put his life into perspective and brought him back to his Christian faith. After beating cancer he decided to follow his new passion and start an organization that actually helps people.

 

2016 Brett was voted a Forbes 30 Under 30 Entrepreneur and in 2018 named Top 100 Most Intriguing Entrepreneurs by Goldman Sachs. In 2017 New Story was called one of the “Most Innovative Companies In The World,” by Fast Company. This organization is small, but has shown stunning growth and continues on a successful path. In college as Brett chased the wrong things he gained a lot of entrepreneurial experience. He used these skills and a lot of hard work to create something amazing and it is changing the world in insane ways.

 

Ritesh Agarwal

Ritesh Agarwal is an unconventional entrepreneur from India. He was not fond of the traditional path his peers were taking so at the age of 17 he dropped out of college in order to pursue his own start up company. He had the idea of opening an affordable hotel chain which provides bed and breakfast services. Ritesh opened Oravel Stays shortly after and at the age of 18 he started his company with 11 rooms in a Gurgoan hotel. Today, his company has 65000 rooms in about 5500 properties across 170 cities in India and it worth over 5 billion dollars. Other accomplishments for Ritesh are a monthly revenue of 3.5 million dollars, a network of 2,200 hotels in 154 cities across India, being named among the top 50 entrepreneurs by the TATA first dot awards in 2013, he was a finalist of the global student Entrepreneurship Awards in India, he has been named one of the 8 hottest teenage startup founders in the world by a Business Insider in the year 2013, and he was the World’s youngest CEO at 17. These accomplishments have allowed his story to become one of the most successful entrepreneurial ventures in all of India.

Source: https://medium.com/@riyanair161991/top-10-young-entrepreneurs-achievers-young-indian-entrepreneurs-of-2018-64c1f83f59f4

Social Media and the Impact on Small Businesses

Have you ever been scrolling through your Instagram or Twitter feed and see that celebrity you love posing with a new trendy clothing item, advertising a hot new company? Do you ever wonder if those endorsements actually help the company?

Amanda Thomas. Founder of Luv Aj.

Well, Amanda Thomas, founder of Luv Aj, says it does. Luv Aj is a company that sells trendy, edgy Jewelry. Thomas had the idea for this company at age 16. Now 25 years old her 21,000 Instagram followers can attest to the success of her company. How she has gotten her success is through partnerning with celebrities such as Gigi Hadid, Beyonce, and Emily Ratajkowski. These celebrities are sent items from Thomas and are asked to post pictures of them and the product on their social media platforms.

However, not all of her success is solely from social media, Bloggers are a key influence to the market. Thomas says this about the influence of the Blogosphere, “I’ve also learned that my number one source of traffic are bloggers who wear Luv Aj and link to my site, so it’s not necessarily via Instagram where you can’t click to buy. And some of the top tier bloggers that post about me are not as great for traffic as some of the more random or niche ones” (Bender). As entrepreneurs try to launch small businesses and get the ball rolling for their company, using people of influence to promote your product on a large platform is an incredibly successful tactic.

Creating connections and networking with people in high places, celebrities, and people of influence creates the space for your company booming. Advertising and marketing yourself is super important for your company but small business starters need to consider the impact of using others success to bring you success, and social media is a great outlet for that.

 

Bender, Melanie. “Luv Aj Designer Amanda Thomas Sold Her First Collection at Age 16.” Fashionista, 27 Sept. 2013, fashionista.com/2013/09/luv-aj-designer-amanda-thomas-sold-her-first-collection-at-age-16.

Talbot, Kate. “Meet The Millennial Entrepreneurs Slaying The ECommerce Game.” Forbes, Forbes Magazine, 27 Apr. 2018, www.forbes.com/sites/katetalbot/2018/04/26/meet-the-millennial-entrepreneurs-slaying-the-ecommerce-game/.

A Young Success

An entrepreneur who has achieved high levels of success at an early age is Ricky Gutierrez. He was born on January 2, 1995 in Arizona. As a kid, he sold all kinds of small items to his friends and peers at school, which inspired Ricky’s gravitation to entrepreneurship. He attended Arizona State University for entrepreneurship and technology management. By the age of 20, he bought his own house. Ricky founded the company TechBud Solutions, which is a peer to peer groups that is designed to help motivated individuals stay connected and allows them to assist each other with their endeavors. He has also gained a large YouTube following of nearly 400k subscribers over the course of several years. This is where he shares advice about his expertise on penny stock investing, real estate, and even cryptocurrency. Ricky is a prime example that major success does not have to come later in life.

Luv AJ Leading in Social Media Marketing

Most people think innovation as a quality only new businesses or new products require. However, one entrepreneur showed that innovation is important of all areas of business. Amanda Thomas, founder of the Luv AJ Jewelry Line, demonstrated innovation not only in her product but in how she marketed it.

Image result for amanda thomas luv ajThomas created her jewelry line in 2005 when she was 16 years old, her after school obsession becoming a profitable business with unique accessories. While at Fred Segal, she randomly met a buyer who wanted her jewelry in all of their stores around the country. That was the first step for Luv AJ on the road of becoming a global empire. A student under famous designers such as Rachel Pally, Christina Ehrlich, and Estee Stanley, Thomas learned how to best create unique jewelry that appeals to lots of different crowds. Now, Luv AJ has boutiques all over the country and the jewelry is popular with a lot of celebrities. People like Beyoncé, Bella Hadid, Kylie Jenner, Emily Ratajkowski, and Emma Roberts all praise Luv AJ and the unique heavy chains and spikes unique to that line.

While Luv AJ demonstrates tons of unique innovation, it’s Thomas’ intense marketing work Image result for amanda thomas luv ajthat really shows an entrepreneurial mind. Forbes describes Thomas as a “digital native”, manipulating social media trends to bring her designs and products to the forefront of the market. From the start, Thomas used Instagram to immerse her brand in the world. She uses her talent for design to create an amazing Instagram page for her products that visual appealing. “Our Instagram grid is a mix of close up shots of ears, necks, and hands, lookbook and campaign imagery, photos of influencers and celebrities wearing the jewelry, and flat lays,” she says.

Thomas knows what an amazing platform social media is for marketing. Her unique photos and advertisements have vastly increased Luv AJ’s marketing reach. However, Thomas doesn’t stop there. She has worked hard to use different influential people to promote her product online, like models, singers, actresses, and so on. To best describe her innovative method of advertisement, she says, “Each season, we work with over 200 girls with a wide range of followers, and we gift them jewelry in exchange for a post and tag. With their tags, we get our product in front of new audiences with every single post.” Thomas isn’t picky about the number of followers or how popular the influencer is. She believes that someone with 50k followers opens up markets the same amount as one with 500k followers.

Image result for luv aj beyonceThomas’ innovation with social media marketing and networking has paid off, big time. Yet she doesn’t rest on her success. She continues to build new relationships to increase her reach. Sometimes she directly messages influences to build a relationship, sometimes she gets referrals from others she’s worked with. Either way, she strives to create partnerships with new people to open up new markets. With products at $100 or lower, her line is spiking in popularity.

Thomas continues to innovate with her online presence to make buying even easier. “First, every single image we post is tagged to a product that is directly synced to our Shopify store. You can click-to-buy on a post and checkout on your mobile device. The second way is through the “Link in Bio” which leads you to our SHOP ALL collection. The third way you is through the app Four Sixty which makes our Instagram feed shoppable on our e-commerce store. Other tools we use that add efficiency are PlanolyVSCO, and Repost,” she says. Clearly these tools are working, as Luv AJ’s global empire expands and Thomas brings her unique jewelry to more markets. That’s true innovation: not only creating a new product but new ways of selling it.

Spotify

Spotify was co-founded by the current CEO Daniel Ek. Spotify is a music streaming service used by more than 150 million people, 70 million are payed subscribers. Ek owns nearly 9% of the shares in the company still today. Him and his business partner Martin Lorentzon founded the company in 2006 in Sweden, and launched there product in 2008. Spotify has managed to remain current in a society of continually changing media.

Military to Millionaire

Alex Becker, a serial entrepreneur who has generated tens of millions throughout his career, began in the air force at the age of 19. He served for four years and got out when he was 23. The way he puts it, “I became an entrepreneur because I truly did not have any other option.” His desire to generate wealth superseded the status quo of working a 9-5 job, which is the path that many veterans pursued after returning home. Becker went on to create Spekter Labs, which deals with human enhancement and Market Hero, which helps businesses grow through streamlined data. He has also gone on to write several best selling books and training programs. Alex is currently running his own YouTube channel, Instagram page, and Facebook account to help boost his personal brand. He is only 30 years old, but has made a name for himself in business and social media by directing his “never give up” mentality that he used in the military into his career and passion.