#moneyteam
Melody McCloskey is a 32-year-old CEO who raised $40 million.
She entered the start-up scene as a 26-year-old female entrepreneur with no software engineering background. The odds were stacked against her, but just 5 years later, McCloskey had co-founded StyleSeat, an on-demand beauty company that has raised $40 million in VC funding and done $3.2 billion in cumulative sales.
“You just have to wake up and say, ‘I’m going to learn from past meetings, past conversations. And I’m going to get smarter and better and I’m going to kill it in these next meetings,’” McCloskey said.
“I think that everyone should do what they love and not be fearful of all of the reasons why they shouldn’t.”
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The power couple taking turns making millions
Kevin and Maggie Callahan are married to each other — and success.
As partners in life and business, the Callahans are generating millions, with their latest venture Maggie Louise Confections headed to top $1 million in annual revenue this year.
By taking financial risk to support their businesses. Maggie, for example, liquidated her 401(k) to help fund Kevin’s fitness app when it was in its infancy. That’s a move most experts would advise against, but it paid off in the end: http://cnb.cx/23tUGbr
Thursday Thoughts: Sometimes you have to do what they tell you never to do.
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Today, there are more billionaires than ever. 2,473 of them, to be exact. New York City is home to the most, with 97 total.
Why do billionaires live here, when they have the money to go anywhere? “…finance remains the dominant industry for this demographic,” WealthX tells CNBC. “As a result, more billionaires are likely to be located in large financial centers such as London and New York."
Another reason: billionaires like to be surrounded by other billionaires: "There has been a rise in the concentration of wealth in recent years… This makes having some sort of presence in the likes of New York, London, and Hong Kong almost a prerequisite for billionaires."
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