How These Entrepreneurs Under 30 Are Changing the World
The youth today practically run the world. Many enterprises mound and fashion their products to meet the young people’s ever changing minds. Young people today change and modify the world to suit their needs and wants. They do not just sit around and think about changing the world to suit their purposes. Inexperience is not a deterance, they’re fearless.
There is no such thing as a new idea in the market. Totally new innovations are rare. What happened is that the old inventions are recreated in a fresh way to suit the modern market. Look at Mpesa, there was already money gram and western union; when mobile phones were somewhat rare and inaccessible. Now that we have these gadgets why not bring that service to you, thus Mpesa was born, and is being adapted in Europe too. The youth have approaches that align with their internet upbringing and their expectation that commodities and information be transparent and easily shared.
Occasionally, this boldness translates to major profits– and that is the case with this year’s crop of Young Millionaires, who have found dizzying success before the age of 30. They may be young, but we expect them to have influence that lasts.
Below is a list of 4 young millionaires and how simple acts have earned them a lot.
1. Rewriting the Smartphone Keyboard at Age 28
Typing on the smart phone, especially on a touch can be tedious, sometime you input the wrong key, or auto correct and prediction setting put you way off from what you wanted to say. Jon Reynolds can lend a hand. The 28-year-old’s London-based startup, SwiftKey, eliminates the clumsiness and frustration of inputting text into smart devices by replacing the stock on-screen keyboard with an artificial-intelligence-driven alternative that analyzes typing and language patterns to accurately forecast which words users will enter next.
SwiftKey was originally designed for Google’s Android mobile operating system. This Keyboard has a proprietary prediction engine that can tell the relationships between more than a trillion words. The app learns your pattern of writing across platforms like SMS, e-mail, Facebook and Twitter. Once SwiftKey understands your writing style, the engine accurately anticipates what you’re going to type faster than your fingers can follow. More than 80 percent of the time, users don’t need to press more than two letters before SwiftKey fills in the rest. Just cause you don’t have to type the entire word doesn’t mean you will be lazy to learn, the software also helps clean up grammar and spelling errors.
Reynolds conceived SwiftKey in 2008 while toiling as a civil servant. After witnessing a colleague struggling to enter text using a BlackBerry keypad, Reynolds started exploring solutions in collaboration with Ben Medlock, a fellow University of Cambridge graduate whose Ph.D. studies included natural language and information processing. “Improving the typing experience presented a massive opportunity,” Reynolds recalls.
The SwiftKey Keyboard app is available on Google Play’s storefront, for free (having made so much money. It is currently installed in more than 200Million devises worldwide). The app supports more than 70 languages, from Afrikaans to Vietnamese. Subsequent updates and enhancements include SwiftKey Flow (an input method that enables consumers to slide between letters and the space bar for uninterrupted typing), hundreds of emoji characters and emoji predictions, and cloud backup features. Additionally, the firm has rolled out SwiftKey Healthcare, which tailors its predictive features to the medical professional lexicon.
It reigned as Google Play’s bestselling paid productivity app for two years and topped download charts in close to 60 countries. SwiftKey has software licensing partnerships with manufacturers like Samsung, the company has raised more than $20 million in funding from investors like Accel Partners and Index Ventures.
SwiftKey has also set its sights on Apple’s iOS operating system. Historically, Apple has blocked third-party keyboard options, but in early June the company’s executives pledged to reverse that stance. SwiftKey Keyboard for iPhone is slated to hit the App Store this year, promising all the innovations Android users know and love. “Our culture is very focused on delivering the best experience, best accuracy and best features we think will benefit users,” Reynolds says. “Rather than a kind of abstract keyboard built by the manufacturer, we want to give [consumers] something they’re more passionate about.”
By Jason Ankeny
Chicago-based writer Jason Ankeny is the executive editor of Fiercemobile content, a daily electronic newsletter dedicated to mobile media, applications and marketing.
NEXT: Building a Peer-to-Peer Car Sharing Network at Age 27