Billy McFarland and American tech entrepreneur who founded his first business at the age of 13. Billy was born in New York and raised in Short Hills, New Jersey. Billy McFarland attended Bucknell University in Lewisburg, Pennsylvania for a brief period where he studied computer engineering.
His first business was in online outsourcing where he matched his clients with designers. After he left college he founded his company Spling, an online ad platform, with which his users can improve the looks of their URL’s.
They do this by turning them from text links to graphic images that are organized and appear as mosaics on the virtual bulletin boards around the net. Two of his prestigious clients are Universal and Discovery. He still serves as the CEO of Spling.
His next and profitable venture was when he founded Magnises in August of 2013. They officially launched in March of 2014 with a community-oriented, technology based, exclusive black card.
This is not a credit card and has no connections to any financial institutions, but it transfers data from an existing card to the strip of the Magnises card that will allow it to be used in lieu of the regular credit or debit card and you can also continue to use your regular card.
It will offer rewards, cachet, and guidance to improve the everyday life of the members and would appeal to the millennial generation. There is an annual fee of $250 and there are no initiation fees or spending requirements.
The card is only available in New York City and Washington, DC at present but he has plans to expand to major cities, Los Angeles, Chicago, Boston, Atlanta and London, England. To date, the card has over 10,000 members and has generated venture capital in the amount of $3 million.
Magnises is actually, an exclusive social club that holds special events and offers deals that can only be accessed with the black card. According to The Guardian, Billy McFarland started the business from a West Village townhouse and has now, since outgrowing the townhouse, moved to the Lower East Side to the Hotel on Rivington.
They can host many of their events from here and the members can use the space to work or to hold business meetings during the day.