They may be young often misunderstood, but millennials are trully making significant impact in several key industries. Meet some of the world’s youngest innovators in the article below by CNN Money:
Millennials tend to be more entrepreneurial than previous generations, studies suggest. And some have already created businesses that are shaking up age-old industries.
According to Jason Dorsey, president and cofounder of research firm the Center for Generational Kinetics, Millennials have the confidence to take on bigger companies because they’ve grown up with easy access to information.
“Millennials have a different native relationship with technology by virtue of growing up with the internet and the mobile revolution,” Dorsey said. “[They] are at the right life stage to be able to see what’s not working and be courageous enough to challenge it.”
From online dating to recruiting and paying taxes, here are seven founders and CEOs who are freshening up industries in favor of something new.
Oskar Smolokowski is the 28-year-old CEO of Polaroid Originals, a new Polaroid brand focused on analog instant photography.
When the last remaining Polaroid factory went up for sale in 2008, a group of instant photography fans bought it. They called themselves the Impossible Project, a nod to the challenging task of making instant film and keeping it alive in the digital world. Smolokowski was the former CEO.
The new brand’s OneStep camera line is helping to help revitalize the 80-year-old parent company. The latest analog camera instantly prints photos as you take them and comes with built-in flash, self-timer and 60 days of battery life.
“The smartphone is really saturating everyone’s lives, but people are reaching out for other ways to experience photography,” said Smolokowski. “[Instant photography] is one of the things smartphones can’t [replicate] … it’s a physical artifact.”
Stephanie Lampkin, 32, is the founder of Blendoor, a software platform that aims to help eliminate bias in the early stage of job interviewing.
Blendoor takes an applicant’s name, age, gender, and photo out of the equation, so those details don’t take the focus away from an applicant’s skills, work history and education. It’s already being used by recruiters at big tech firms like Facebook, Google, Twitter and Airbnb.
Blendoor also integrates with a company’s HR systems to identify where bias may be happening in the interview process.
Lampkin, who has a Stanford engineering degree and an MBA from MIT, created Blendoor out of her own frustrations with the interviewing in the tech industry.
Dan Teran, the 28-year-old CEO and cofounder of Managed by Q, has re-envisioned office cleaning and other office services, like maintenance work.
Managed by Q, which employs cleaners and handyman, offers health benefits, 401(k)s, bonuses, paid time off and equity in the company. Staffers take care of the crucial but unglamorous office needs of businesses, such as keeping track of cleaning and office supplies, handymen needs and scheduled cleanings.
“We want to deliver the best service, [so] we need the best people for the job,” Teran said at an event last year. “In order to attract the best people for the job, we just need to be the best employer.”
The startup, which launched in 2013 and services over 3,000 offices across five cities, has already raised over $72 million from investors.
Continue reading HERE.