Due to my great experience this past summer working at a start-up company, and taking “Should we Start this Company” this semester, I have established a keen interest in innovation and entrepreneurship. I searched innovation, and came across this link. In the blog, there is a link to an MSN Money article about ten teenage innovators who have started their own business, and have been successful. I thought it was interesting because with the economy in the current state that it is in right now, it’s time to try out new ideas. It’s time to take risks, and find the next big thing. Of course not every idea is going to end up being successful, but you miss all of the shots you don’t take. I enjoyed reading these kids stories because they are the ones that got off the sidelines and followed through with their ideas, and did so successfully.
I found particular interest in Brian Wong’s business venture, Kiip. It is a mobile app rewards network that gives people prizes for certain achievements in mobile gaming. I found this so interesting because last fall I took Corporate Finance with Professor McGoun, and my group followed EA throughout the semester. They are what seem to most as a very successful company, but have not actually been profitable since 2007. They are having a hard time generating revenue in this relatively new marketplace called “casual gaming”, or playing games on your cell phones or tablets. Kiip was able to raise $11 Million to fuel growth. I am excited to see where Kiip goes in the next couple of years because I think it has an interesting place in such a fast-growing marketplace.