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☆ 4 college friends turned $1 million into a New York venture-capital empire backing tech's hottest unicorns. Here's how they did it.
▼ + stars: | 2022-11-29 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

Founded as the side project of four college friends, Eniac Ventures has become a major player in VC. They named the firm Eniac Ventures, after the first electronic computer, developed at the University of Pennsylvania's engineering school, where the four had met. What started as the side hustle of four college buddies has become a powerhouse of the venture-capital industry, backing some of tech's hottest unicorns. And Eniac has invested alongside some of the biggest names in venture, including Y Combinator, Lightspeed Venture Partners, and New Enterprise Associates. Vasen met the Eniac partners at an event they hosted for prospective founders at a Chinese restaurant in San Francisco.

☆ Pepsi once offered a fighter jet as a joke prize in a promotion. A student tried to claim it anyway.
▼ + stars: | 2022-11-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Pepsi launched a "points" promotion in 1996 that included a "joke" prize of a $23M fighter jet. College student John Leonard took this challenge seriously, and launched a plan to nab the prize. Pepsi launched a rewards scheme called Pepsi Points, with customers able to redeem items using points accrued from buying its drinks. The company released a TV commercial for the promotion that ended with the claim that 7 million points would allow a Harrier fighter jet worth about $23 million to be redeemed. However, he saw a loophole: buy Pepsi Points for 10 cents each, meaning the seven million points needed for the jet would cost $700,000.

☆ I sell feet pics on the side. Here's how I find buyers, set prices, and make sure no one can identify me.
▼ + stars: | 2022-11-08 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

Riley, 21, has been selling feet pics online for more than three years. I've been selling pictures of my feet online for more than three years now. I think people who look for feet pictures online just look for keywords like "feet pics" on Twitter and then message people from there. Once I began tweeting about selling feet pictures, my direct messages filled up with people wanting to buy pictures from me. To see how much they're willing to pay, I'll ask things like "How much is this video worth to you?"

☆ Elon Musk says he won't ban the Twitter account that tracks his jet due to his commitment to free speech. He previously offered the owner $5,000 to take it down.
▼ + stars: | 2022-11-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Elon Musk said he won't ban the Twitter account that tracks his private jet. Musk previously offered the account owner, Jack Sweeney, $5,000 to take it down. Sweeney thanked Musk and told Insider he'd still be open to discussing a new deal to take it down. Musk previously offered Sweeney $5,000 to take down the account and asked for advice on how to make his jet less trackable, Insider's Isobel Asher Hamilton reported in January. Sweeney told Insider in a phone interview Sunday he was "pleased" Musk addressed his account but wasn't surprised by his decision.

☆ This 26-year-old college dropout's clothing company brings in $27,000 a month—and NBA players wear his designs
▼ + stars: | 2022-11-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +7 min

Before his streetwear brand BrownMill took off, Justis Pitt-Goodson designed, sewed and sold his own bow ties to his middle school peers. In high school, Pitt-Goodson and two friends built the idea for the streetwear brand. The company attracts NBA players as customers and brought in $327,000 in revenue last year, according to documents reviewed by CNBC Make It. Courtesy of Justis Pitt-GoodsonAfter befriending his two future business partners, Taha Shimou and Kwaku Agyemang, in high school, Pitt-Goodson studied business management at Rutgers University-Newark. The brand brought in $86,000 in 2020, enabling the founders to put down a $7,000 deposit on a Newark storefront that opened in June 2021.

☆ Gen Z's not lazy — they're just refusing to put up with the toxic work culture that Boomers created
▼ + stars: | 2022-11-03 | by ( Kim Kelly | ) www.businessinsider.com time to read: +12 min

"And I personally think that all of us in Gen Z, when we experienced that with our parents, we were like, 'Fuck that. And now, Gen Z is turning to organizing as a way to stand up to corporate bosses. But she and her Gen Z peers are not ready to accept that mode of thinking. Put simply, young workers want something better than their parents had and aren't afraid to seek it out. Because if there is one quality that Gen Z has in spades, it is audacity — and no mass movement has ever succeeded without it.

☆ Presidential politics, age, and a contrast in styles: DeSantis and Crist take center stage at Florida's lone gubernatorial debate
▼ + stars: | 2022-10-25 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Ron DeSantis and Democrat Charlie Crist debated on Monday. Ron DeSantis and Democrat Charlie Crist, a former congressman, faced off Monday in their lone debate before the election to decide who will lead Florida over the next four years. DeSantis has become a fan favorite to run for president in 2024, particularly if former President Donald Trump doesn't run again. DeSantis tied Crist to BidenOn the campaign trail, DeSantis rarely says Crist's name. Crist has openly supported and embraced Biden, and the president is scheduled to campaign with Crist in Florida on November 1.

☆ Liz Truss Brought Libertarians to Power in the U.K. and Quickly Out Again
▼ + stars: | 2022-10-21 | by ( Max Colchester | David Luhnow | ) www.wsj.com time to read: 1 min

LONDON—A few days after Liz Truss first was elected to Britain’s parliament in 2010, she visited the Institute of Economic Affairs, a libertarian think tank in a cramped Georgian house a stone’s throw from Parliament in central London. There she met an old college friend, Mark Littlewood , director general of the IEA, and pitched an idea. “Mark, we are going to set up a caucus of free-market MPs,” Mr. Littlewood recalls her saying.

☆ Retail sales were flat in September as inflation takes a bite
▼ + stars: | 2022-10-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Retail sales were flat last month, down from a revised. Retail sales fell 0.4% in July. Excluding sales of automobiles and at gas stations, retail sales rose 0.3%. Sales at clothing stores rose 0.5%, while business at department stores rose 1.3% That indicates a solid back-to-school season but adjusted for inflation, spending was modest, analysts said. AlixPartners predicts holiday sales to be up anywhere from 4% to 7% from last year, which was up 16%, according to its calculations.

☆ A Tudor-tinged library at Cambridge University designed to last for 400 years has been crowned Britain's best new building
▼ + stars: | 2022-10-14 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Cambridge University library has been awarded a prestigious prize as Britain's best new building. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA library at Cambridge University designed to last for 400 years has been named as Britain's best new building. The interior of Magdalene College library. It replaces the "cramped" study spaces from the 17th century Grade I-listed Pepys Library. Nick KaneMagdalene College, one of 31 colleges forming Cambridge University, was founded in 1542 by Lord Audley.

☆ Dunkin’ changed its rewards program. Devotees of the coffee brand are expressing their outrage on Reddit.
▼ + stars: | 2022-10-12 | by ( Angela Yang | Angela Yang Is An Intern For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

The previous DD Perks program offered a free drink of any kind at $40 spent. The new Dunkin’ Rewards system, unveiled last week, requires customers to spend $70 to get a free crafted drink such as an espresso, cold brew or refresher. Customers also no longer get a free drink on their birthdays. But in the days since its new rewards program took over, the 21-year-old college student has been looking elsewhere for his daily caffeine fix. As one Twitter user joked, “i need us all to collectively manifest the downfall of dunkin rewards so they bring back dd perks.”

☆ The Rise of the 32-Year-Old College Football Player—Yes, College
▼ + stars: | 2022-09-22 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

Tom Brady briefly tried out retirement, but at age 45 he’s still a few years away from being able to fully join the AARP. The University of Georgia’s soon-to-be 25-year-old quarterback Stetson Bennett IV, on the other hand, is already embedded with the retirement group. Mr. Bennett and some of his linemen are stars of a new AARP commercial in Georgia that warns seniors of fraud. A student quarterback might seem like an odd choice to be a pitchman for retirees, but Mr. Bennett is one of the most popular people in the state after delivering the Bulldogs their first national championship in 41 years last season. He also represents a surprising development in college football: many of the players are a lot older than they used to be.

☆ The Rise of the 32-Year-Old College—Yes, College—Football Player
▼ + stars: | 2022-09-22 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

☆ Josh Hawley introduces a bill to hold colleges accountable for surging student debt instead of 'teaching nonsense like men can get pregnant'
▼ + stars: | 2022-09-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Josh Hawley introduced a bill to hold colleges accountable for student debt borrowers take on. Hawley said the schools have gotten endowments while "teaching nonsense like men can get pregnant." "For decades, universities have amassed billion-dollar endowments while teaching nonsense like men can get pregnant. Instead, it's time to put universities on the hook and give students the information they need to make informed decisions." On the same day that Biden announced his relief, Hawley bashed the policy while once again expressing his concern that "wacky professors" are teaching that "men can get pregnant."

☆ A 27-year-old college dropout earning $135,000 a year explains 4 things that were more valuable for her career than getting a degree
▼ + stars: | 2022-09-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

She has four keys to success for anyone without a college degree. Today, the 27-year-old is earning $135,000 per year as marketing manager for a software-as-a-service company — and has no plans to finish her degree. She says this time in her life was "really, really hard." 4 keys to succeeding without a college degreeTragesser lists four considerations for anyone hoping to find success without a college degree. Some people still ask when she's going to return to get her college degree, but she has no interest in taking on the financial burden.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and then will become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

When design-software startup Figma had just started out, cofounder and CEO Dylan Field and his colleagues would pitch potential customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy the design software startup makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma. After taking time off to do a product design internship at news-sharing service Flipboard, he decided not to return to school.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and is set to become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Adobe's $20 billion bid to buy Figma makes CEO Dylan Field's stake worth $2 billion. When the design-software startup Figma was just starting out, Dylan Field, its cofounder and CEO, and his colleagues would pitch prospective customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy Figma makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma.

☆ Laid-off Snap employees are fielding dozens of messages from TikTok, Facebook, and Netflix recruiters
▼ + stars: | 2022-09-20 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Well now, some of those laid-off employees are having trouble keeping up with demand from recruiters — and some say they've received reachouts from more than 70 companies. Laid-off Snap employees describe "overwhelming" recruiter outreach. After the company laid off a staggering 20% of its staff, some former workers' inboxes are filled with messages from Facebook, Netflix, and TikTok recruiters. As former employees found themselves without jobs, some told Insider they've fielded dozens of messages from recruiters. What laid-off Snap employees told us.

☆ Inside the growing business behind TikTok song remixes, which are transforming the way music is discovered on the app
▼ + stars: | 2022-09-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok users are increasingly finding new music through song remixes and mashups. In the middle of August, music artist Sam Smith's somber 2014 ballad "I'm Not The Only One" reentered Spotify's top 200 chart nearly a decade after its release. Marketers embrace TikTok remixes and mashupsAs with any social-media trend, music marketers are adjusting their strategies to stay in tune with TikTok's audience. TikTok music talent can earn anywhere from $500 to $5,000 to produce a remixed version of a track, according to Cloherty. Outside of monetary compensation, having a track go viral can help TikTok talent grow their audience off the app.

☆ A 19-year-old college student who made $38,700 selling clothes on Poshmark explains how she finds inventory for $10 or less
▼ + stars: | 2022-09-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

She finds most of her inventory for $10 or less at local liquidation stores in San Antonio. Janae Smith started selling clothes on Poshmark as a side hustle during her spring break. Smith said liquidation stores were less common among Poshmark sellers and that she had noticed more eBay sellers shopping the bins. Janae SmithGet there earlyThe best time to shop at liquidation stores is as soon as the new inventory arrives, usually on Fridays. "You have to be the first couple of people in line" to get the best items, Smith said.

☆ The ultimate guide to building a successful side hustle: How to turn a dream into a moneymaking reality
▼ + stars: | 2022-08-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +9 min

Like many people during the pandemic, Davis reallocated the time she'd typically spent commuting home to building her side hustle. Davis' handbag company netted $14,000 in sales in its first four months in business, which Insider verified with documentation. Another entrepreneur, Lisa Andrea, regularly books $8,000 in revenue a month from her side hustle, The Financial Cookbook, which Insider also verified with documentation. Leveraging expertise, as Andrea did with financial coaching, is one way entrepreneurs can start a side hustle and balance risk versus reward. Courtesy of Courtney McWilliamsSet boundaries when establishing work schedulesFor some entrepreneurs, a side hustle is a way to build a new 9-to-5 career.

☆ I'm a 23-year-old college student selling $13K annually on Poshmark. Here's the daily routine I follow to juggle resale and school.
▼ + stars: | 2022-07-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Ali Dieguez sells thrift clothing on Poshmark while attending college. Last year, she made $13,740 in sales on the resale app. She meticulously schedules her days to juggle classes, fitness, homework, and her resale business. When it comes to managing school and her business, Dieguez meticulously schedules her days. Here's what her daily routine looked like when she was in school full-time and running her resale business, as told to Insider.

☆ Insider Life: Rich nab NYC penthouses — Rolex's rise — Lavish post-pandemic weddings
▼ + stars: | 2021-08-20 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

We're back just in time for the weekend with some of our best stories spanning real estate, retail, and lifestyle. Today, we're bringing you the latest on NYC's penthouse sales, Rolex's rise to the top, and lavish $200,000 post-pandemic weddings. Rolex's path from humble origins to the top luxury watch brand. Gary Hershorn/Getty ImagesRich people are scooping up more New York City penthouses now than any other time in the last 14 years. Here's what that means for Manhattan real estate.

Personal finance blogger Carmen Perez had $48,000 worth of student loans when she graduated in 2009. Three steps helped her tackle that debt: writing out everything she owed, choosing a method to tackle debt, and making sure to pay each month. In her journey to pay off her student loans, she found three steps that helped her to go from feeling overwhelmed to debt-free. Write out what you owe"I think the biggest advice is just to get organized around your student loans. By starting with these three steps, student loans can feel less overwhelming, more manageable, and be paid off sooner.

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