Raising 250K on Shark Tank with $800 in Revenue ~ Nick Sky Founder of Changed App
52 Minuten
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vor 1 Jahr
We've got an insanely special podcast coming your way. Have you
ever felt the burden of student loans or credit card debt? I know
I have, those pesky loans won't go away easily but I have a
solution for you.
In this episode, we sit down with Nick Sky, CEO of Changed who
shares insights, anecdotes, and invaluable tips on harnessing the
power of entrepreneurship.
Changed started as Dan and Nick were among the sea of graduates
struggling with the burden of student loan repayment (43.6
million at latest count). To ease the pain, they created an app
that simply rounds up everyday purchases and stashes it in an
account. Such if you pay, say $3.65 for a grande Starbucks latte,
the app adds and routes that 35 cents short of $4.00 into your
account.
Surprising how fast that loose change adds up to help pay off
loans. (It was a “why didn’t I think of that” moment as I
listened to their story.)
Changed offered a winning combination of leveraging technology to
help with education-related issues, a concept that totally
resonated with me – and apparently also with Shark Mark Cuban. He
granted the brothers $250,000 for a 25% equity stake plus his
invaluable high-tech, high-profile expertise.
Since then, Changed has racked up success to make a Shark proud:
It’s sent over $25 million in payments, helping members save
$50M+ in interest and shorten their repayment time by decades.
Do Debt Differently: put more money back in your wallet with an
app that helps you manage your savings and minimize your debt.
https://www.gochanged.com
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