As part of our annual Young founders millionaire cover story, We talked to three up and coming thinkers, Inventors, And Entrepreneurs Who are on track to be the leaders of tomorrow. Here there advice To action.
Small start, big thinking
Image Credit: Nature’s Label
Arya Mathew, 21
Cofounder and CEO, Nature Label
You probably don’t think much about the small stickers that come on production, but they represent a potentially major problem. “Our journey began when a member of our team accidentally swallowed a plastic product sticker,” says Nature Label CEO Arya Mathew. “We determined that is relatively safe to consume, much about the impact these stickers have on the environment.” In fact, each year, avocados, oranges and bananas sold in the US are labeled with enough plastic stickers to wrap 1.6 times the earth – and their presence forces about 15 percent of the compost to be dumped into landfills.
Now Matthew, along with cofounders Sophie Yeh, 20, Khoi Ha, 21, Alyssa Mel, 21, and 21-year-old Siddhant Jain, is creating a solution under the name Nature Label: Environmentally friendly Stickers made of rice paper, wax, and a composting adhesive. They are all underground at the University of Washington and the University of Seattle, and they are participating in the recent $ 10,000 win at Harriet Stephenson of Seattle University business Plan competition. “It’s not easy to bring the idea into reality,” cofounder Mel says. “We have learned to use Feedback And criticism as fuel rather than discouraging. ”
Capturing value when creating value
Picture Sincerely: Blest
Take it, 25
Founder and CEO, Blest
Phat Le was studying aerospace Engineering When he realized that college was not just for him. He went out and tried to educate himself, but he was overwhelmed with choices – just online course And virtual classrooms. “At the same time,” he says,
“I noticed that consumers are willing to pay more for premium content, but manufacturers are duct-tapping multiple products at once to provide this experience.”
So he knew what to do: he would build a better product.
Lay already had a resume built on self-determination – he was a self-taught UI designer and software engineer in 2017 and the recipient of a $ 100,000 Thiel Fellowship, as well as an entrepreneur at Jaguar Land Rover. Now she has created Blest: an ad-free platform hosting courses, memberships and other products to serve online communities. “We want to help people run their best business From one place, to occupy more than the value they are creating, ”he says. A public beta surfaced this year, and the Blest was launched in 2021. And as his company is about the community, Lay discovers that Entrepreneurship Is very “Choose your friends wisely,” he advises. “Those who challenge you inspire you. You are the sum of the top five people that you surround yourself with. ”
Passion first, then practicality
Image Credit: Giulian Yao Gioilo
Ann Makosinski, 22
When Ann Makosinski was a child, her parents did not bathe her with toys or electronics. He is grateful. “If I needed more toys, I was given a glue gun and asked to make my own,” she says. “If I wanted a toy house, I made it out of cardboard. If I became the owner of a smartphone, I would be a very different person. ”
Today she The inventor – One, who won the top award for his age group at the age of 15 Google Science Fair For his flashlight powered by energy with a human hand. Makosinski is now rebuilding that patented technology to make eco-sensitive toys. “For me, an inventor is someone who has an idea and turns it into something tangible, and an entrepreneur takes that invention and makes it commercially viable,” she says. “I like the inventor aspect more, but I’m also playing the entrepreneurial part, Pitching For different companies. success in business Not something you just wake up to and do one morning. It takes years of hard work. But you have to be emotional. The rest will follow. ”