10 Most Successful Young Entrepreneurs 2020

Entrepreneurial Inspiration: Young Innovators of 2020

Introduction to Emerging Entrepreneurs

• The video introduces a focus on younger entrepreneurs who achieved significant success in 2020, moving away from established figures like Warren Buffett and Bill Gates.

Marilyne and Shine

• Marilyne, co-founder and co-CEO of Shine, launched the self-care app in 2016 aimed at millennials, focusing on health and wellness through technology.

• The app has gained millions of downloads and is designed to help users manage anxiety and stress with a positive mindset, described as "a daily pep talk in your pocket."

• Shine boasts high ratings with 4.8 stars on Apple and 4.7 stars on Google Play.

Ben Pasternak's Entrepreneurial Journey

• At just 21 years old, Ben Pasternak from Australia created successful apps including Flog Monkey and Nuggs after developing his first game at age 14.

• He moved to Manhattan to pursue entrepreneurship full-time after leaving high school; Flog allows young people to buy/sell merchandise while Nuggs offers plant-based chicken nuggets.

Nina Rauch's Philanthropic Impact

• Nina Rauch founded a charity called Pink at age 16 to raise breast cancer awareness following her mother's diagnosis, raising over $500,000.

• She serves as the social impact coordinator at Lemonade, an insurtech company aiming to connect older philanthropists with younger ones.

Macaulay Ulmer: From Lemonade Stand to Business Success

• Macaulay Ulmer started selling lemonade using her great-grandmother's recipe at age four; she now runs Me & the Bees Lemonade.

• Her business donates 10% of profits to charities focused on saving bees; she gained investment from Shark Tank and expanded her product line significantly.

Brendan Cox: A Young Entrepreneur's Path

• Brendan Cox discovered his passion for entrepreneurship in seventh grade by selling candy at school after being frustrated by babysitting limitations.

• He later bought an Instagram account for $900 that quickly turned profitable; he also developed an app connecting teens with odd jobs while studying at university.

Cole Bennett's Rise in Media

• Cole Bennett created Lyrical Lemonade during high school with support from his mother; it evolved into a platform for music videos featuring local artists.

• His work includes collaborations with major hip-hop figures and has garnered millions of views online; he also sells merchandise related to his brand.

Timothy Armu: Leveraging Math for Business Success

• Timothy Armu attributes his entrepreneurial success to math skills learned early on; he founded Fanbites which connects brands with Gen Z consumers.

• His previous ventures include launching a tutoring business at age 14 and selling a media company by age 17.

The Rise of Young Entrepreneurs

Innovative Advertising Strategies

• Timothy emphasizes the shift in advertising, stating that social media content is becoming the next frontier, moving away from traditional ads that interrupt daily life.

• Fanbites has gained recognition from major publications like Forbes and Adweek for its innovative approach to integrating advertising into everyday experiences.

Early Entrepreneurial Ventures

• Benjamin Hawkizer, a serial entrepreneur, began his business journey at age 10 by selling handmade jewelry at school, which quickly grew into a six-figure venture with his father's help.

• Now co-founder of Blade Marketing and founder of Entrepreneur Blast, he focuses on digital advertising and public relations while advising aspiring entrepreneurs to adapt their plans without losing sight of their goals.

Sustainable Business Practices

• Sisters Caroline and Isabelle Bearcall created an organic bath bomb line after dissatisfaction with existing products; they aimed for sustainability and effectiveness.

• Their company now employs 200 people, sells over 10 million bath bombs annually, and generates $20 million in revenue while being featured in Forbes' 30 Under 30 list.

Youthful Creativity in Fashion

• Mosiah Bridges founded Mo's Bows at age nine out of a desire for stylish bow ties that matched his personality; he started making them with his grandmother.

• His brand has expanded beyond bow ties to include face masks and other accessories. He also authored a book on startup success aimed at young entrepreneurs.

Honorable Mentions: Innovative Solutions

• Rick Elise Reineke founded Lapis Aqua at age 12, focusing on water-saving systems through plant purification as part of sustainable agriculture practices.

• Now 18 years old, he leads one of the top companies in aquaponics while respecting local customs and traditions in his business model.