Archive for Technology – Page 8

Airbnb

Airbnb, also called “Air Bed and Breakfast”, is a well-known company that allows people to rent out people’s living spaces to travelers. In 2007, two men, Joe Gebbia and Brian Chesky, founded Airbnb. The company started off an email, from Gebbia to Chesky, about a design conference convention happening in their town. Chesky and Gebbia were roommates in San Francisco and could not afford rent at their apartment. Gebbia knew hotels would be booked out for the convention and many designers would need a place to stay. He emailed Chesky and decided to create a space in their apartment for an air mattress, a small desk, wireless internet, and breakfast every morning. Two men and one woman paid $80 to sleep on an air mattress in Gebbia and Chesky’s apartment. After realizing how much potential this idea had, they welcomed their old roommate, Nathan Blecharczyk, into their business. That’s how airbedandbreakfast was born. After founding Air Bed and Breakfast, they tried to create Roommates.com but it was already founded by Bryan Peters. Air Bed and Breakfast was changed to Airbnb because people were confused with the air mattress concept.

In April 2009, they received a $600,000 seed investment to help build their company. In 2011, Airbnb was in 89 countries and surpassed 1 million nights booked. There were some downsides of people renting their houses or apartments to strangers. Some would come home to find their place trashed and have to clean up the mess. They implemented a coverage policy and a cleaning fee when booking a rental property. They provide rentals all over the world and have over 30,000 tiny houses, 5,000 castles, and 3,000 tree houses to rent. Who knew?!

Their multimillion-dollar business started from not being able to pay rent. They have transformed their business into letting others rent out their own apartments, townhouses, houses, etc. to strangers.

https://www.businessinsider.com/how-airbnb-was-founded-a-visual-history-2016-2#they-created-a-simple-site-airbedandbreakfastcom-bought-three-air-mattresses-and-arranged-them-in-their-loft-5

Timothy Armoo – Fanbytes

Fanbytes CEO Timothy Armoo displays that in the world of entrepreneurship, age is truly just a number. He began his professional career at the age of fourteen by creating a tutoring company and later sold another media company at seventeen years old. Armoo’s experience in that company exposed him to various social media platforms and the advertising on them. This helped him to formulate a unique buisness idea: advertising on social media platforms.

Timothy Armoo created Fanbytes at the age of twenty years old with the intention to innovate upon the advertising industry. In an interview with Forbes, Armoo stated “for too long ads have represented an interruption or intrusion on our daily lives rather than a seamless part of them.” Fanbytes aims to target younger audiences by promoting advertising on social media platforms. They also use the popularity of social media influencers to enhance the effectiveness of their ads. When asked why he focuses on social media for his advertisements, Armoo stated “for me and my age group, our smartphones are where we get all our information, so deciding what industry I wanted to be in was a pretty easy decision.”

Socially Challenged: Timothy Armoo of Fanbytes on community engagement | The Drum

Timothy Armoo, CEO of Fanbytes

Fanbytes has been very successful at reaching younger audiences through social media. They currently advertise for large companies such as McDonald’s, Warner Brothers, Tidal, and more. Their primary areas of social media influence extend to Snapchat, Instagram, and most recently Tik Tok. Forbes shows that 60% of people skip native Snapchat advertisements. Fanbytes boasts a 90% completion rate when they are involved with Snapchat ads. Timothy Armoo said in an interview with Forbes that many companies are giving up on advertising in Snapchat while he sees opportunity in that area, simply stating “their mistake.” Fanbytes hopes to take on AR (Augmented Reality) in the future by aiding companies with advertising on the platform. Armoo finished his interview with Forbes by saying “we are a group of 19-22 year olds who are reversing the code of Snapchat and are building a large underbelly business on it.”

Sources:

https://fanbytes.co.uk/about-us/

https://www.forbes.com/sites/montymunford/2018/01/31/fanbytes-cracks-the-code-for-snapchat-ads-and-augmented-reality/#2c7c5c895f63

https://www.forbes.com/sites/edmundingham/2015/10/02/meet-the-millennials-at-fanbytes-redefining-how-brands-market-to-other-millennials/#1acefee172de

 

 

CUE Audio: No WiFi, No Problem

Those who have ever been in a large stadium know that the cell service and WiFi located inside are poor quality at best.  Concert-goers and sports fans all struggle with lack of connectivity, and stadium owners want to engage those in attendance as much as possible.  Jameson Rader sought to solve this problem.  His solution, data-over-audio transmission, led to his founding of CUE audio.

Solution

How does one transmit data without WiFi or cell service?  CUE audio uses high-frequency, ultrasonic audio to connect tens of thousands of fans in a stadium.  The sound waves are low-pitched enough to be ascertained by electronic devices, such as phones, but too high-pitched to be detected by the human ear.  The name of the company is derived from the information encoded in the sound waves known as “cues”.  The best part about this technology, however, lies in the fact that an arena can use existing audio hardware.  This greatly lowers the adoption cost for venue owners.  CUE Audio technology allows fans to engage in light shows, group selfies, and trivia games.  They can also get coupons and receive push notifications.

Education

To understand how Rader was able to create such a technologically-innovative brand, one can look to his proficient performance during his education.  At age 16, he enrolled in Northwestern University.  Three years later, Rader graduated Magna Cum Laude with a English and Economics double-major.  After Northwesterm, he studied at UCLA Anderson School of Management but dropped out to focus on CUE Audio after receiving $3 million in funding from the Texas Rangers.  Finally, in October 2017, 26-year-old Jameson Rader founded CUE Audio.

CUE Audio Today

Today, CUE Audio is used at over 800 live events annually.  CUE has synced crowds up to 120,000 in NFL stadiums, NCAA arenas, and other venues across the country.  Rader has very optimistic plans for his company’s future, as its growth over the past three years has been very promising.  Later down the line, it’s possible that CUE Audio will become a staple for fan engagement in stadiums and arenas across the country.

Popsockets: the Evolution

 

PopSockets Expanding Grip Case with Stand for Smartphones and Tablets - DC  Batman: Amazon.co.uk: Electronics

Back in the day of corded headphones and cellphones that fit comfortably in your hand (think iPhone 4), David Barnett found a problem: headphones getting tangled, mangled, lost, forgotten, or all of the above. This was a problem many of us can remember, and a problem most of us no longer have. But what we might not remember, is that the colorful circles on the backs of our phones started out as a solution to the headphone problem, not as a way to keep our now much larger phones in our hands.

The story of Popsocket is one saturated with examples for the modern entrepreneur:

  1. Problem finding- the key to entrepreneurship is finding a problem, not solving a problem. Once a problem can be identified, defined, and redefined, it can more easily be solved. The challenge is in finding a problem. Barnett did this first by designing a spool-like accessory that would universally fit all phones conveniently and ergonomically.
  2. Adapting- as corded headphones have become less and less popular, popsockets have become more and more popular. This raises a question: why? Because the Popsocket design adapted to a changing need and a changing customer base. Now, we no longer think of popsockets as a spool for our headphones on the backs of our phone; it’s a way to keep our now-much-larger phones in our hands.

The power of adapting is incredible. From mid-2015 (a year after Barnett first announced Popsockets) to mid-2018, the revenue of PopSockets LLC grew by 71,424%. Barnett was not benefited by any venture capital investments; this growth was fueled solely by the popularity of the product. Consider the changes in phone design and customer needs between 2015 and 2018- the iPhone 4 was smaller than the average adult’s hand at about 4.5 inches tall, while modern phones are as large as 6-7 inches tall. Also consider the changes in headphone design between 2015 and 2018- Apple AirPods had not yet been released, and wireless headphones were far from mainstream. Now, wireless headphones are extremely popular (for good reason), and corded headphones are largely a thing of the past.

Further innovations and adaptations include: bottle openers, AirPods holders, car mounts, bike mounts, PopSockets for drink containers, tripod stands, wallets, keyrings, and more. Despite the problem Barnett set out to solve not really existing anymore, PopSockets has remained extremely profitable, with reported revenues in 2018 over $200 million.

Jon Wheatley

Jon Wheatley is the creator of DailyBooth, a blogging site that allows users to share pictures, videos, and posts about their daily lives. He was able to raise around $8 million to create the highly successful site. Due to the success of the website, his net worth went up to $1 million and Wheatley is now able to focus on more ventures and projects

Cites:

https://www.lifehack.org/588440/16-young-and-successful-entrepreneurs-who-prove-that-age-is-nothing-but-a-number

https://www.bing.com/search?q=jon-paul%20wheatley%20bio&qs=n&form=QBRE&sp=-1&pq=jon-paul%20wheatley%20bio&sc=2-21&sk=&cvid=967375C5C0A246A98691EDF59468FA1D

Pete Cashmore

Pete Cashmore is the founder Mashable, a media blog that provides news on celebrities, trends, and general gossip. Cashmore founded Mashable when he was just 20 years old back in 2005. In the beginning it was just a blog that became incredibly popular, fast forward to today and it is now one of the most popular news cites that people get their daily gossip and more from.

Due to the success of the website, Cashmore as accumulated a net worth of $95 million. Because of the success of the cite, he was able to sell the company to a gentleman by the name of Ziff Davis for a total of $50 million dollars. So in short, he’s a pretty successful guy

Mozilla Firefox – Blake Ross

Born in 1985, Blake Ross was the son of a psychologist and lawyer.  He had a great upbringing and took an interest in software development.  He continued down this road and graduated from Stanford in 2003.  He completed his first project which was a website at the young age of 10 and continued on to create small video games.  Blake started working for Mozilla after college and had the idea of making a user-friendly web browser.  He began working on this idea with a co-worker, and they released the first version in 2004 which was called Firefox.  Firefox grew quickly, with users loving how easy it was to use and surpassed 100 million downloads.

The driving force behind Firefox was Ross’s mother becoming frustrated with Internet Explorer and wanting something easier to use. Ross took this to heart and eventually granted his mother’s wish.

At it’s peak, Firefox was used by 33% of Internet users, behind Chrome and Internet Explorer.  It continues to be used but only by about 9% present day.  It is so cool to see a young man see a small issue his mother has, and take it upon himself to solve it.

Alexander Levin – ImageShack Co-Founder

At only 19 years old, young entrepreneur Alexander Levin became the co-founder of a web-based service called ImageShack. The service allows its users, individuals and businesses, to store their photos in one secure cloud location.  Individuals can share photos with one another and businesses to directly transfer photos to their website. Levin did not know that he would be at the helm of a 50 million dollar company in his twenties.

Siu Rui Quek – Carousell

Innovations can happen all over the globe, with talented minds coming from every country. In Singapore Sui Rui Quek started Carousell. Basically the Singapore equivalent of eBay, Carousell allows its users to sell whatever they want. It has now facilitated over 50 million transactions. The story all started in Silicon Valley, as many tech start up stories tend to do, when Sui Rui Quek met his two roomates. They all went to Stanford and realized they have a lot in common. This trio of roommates sought to make online selling easier with just three quick steps: snap, list, and sell. They also incorporated a messaging system into the process, making it easier for seller to communicate with buyer. They made their focus on selling used items that people no longer wanted. This innovation re-imagined the way people sell their unwanted goods. Image result for siu rui quek

At one point the group was offered $100 million dollars to sell their idea. They refused knowing that they could take the app further than their wildest dreams with hard work and dedication. It proved to be a smart decision not to sell because the company is worth $500 million today. Although it was a compelling offer they knew that the company had not reached its full potential. With new innovations happening like this, coming out of every country across the world there is no saying what the future will hold. It is important to be looking at all places for innovations and ideas.

Codie

Image result for adam lipecz

In today’s digital age, knowledge of computers and coding is becoming increasingly essential. Adam Lipecz recognized this change in society and took advantage of a market that had not yet existed. This led to him co-founding Codie, a toy robot and application used to teach coding to preteens. He describes his invention as “legos for architects”. Kids can use this toy robot as a way to create a programmable dance teacher, an alarm clock, and many more. There are plenty of educational toys on the market, but none quite like this. As important as it is for kids to learn to read, write, and do math, it is becoming just as important for them to understand how to program and code.

Image result for codie

Codie works by pairing the toy robot with an application on a phone. Within the application, there is a unique visual programming language, which organizes the code of robotics into blocks. By arranging these blocks together, kids can create real programs, which are then carried out by the toy robot. While playing with Codie, kids get to learn about how computers think and get to know the fundamental programming concepts in a fun and playful way. It is a great way to begin getting kids interested in potential future careers in coding and teaches them a life long skill.