For jet seat millennials to survive in a huge city like New York, they need a stable income and a good apartment in a good part of the city. However, with their busy schedules, time is rarely on their side, and when they do get time, it comes in a moment’s notice, therefore, finding a last minute event to attend becomes a challenge on elitedaily.com. Another challenge is going out alone in a huge city because getting your friends to go out with you at the last minute is a challenge all by itself.
Magnises Club solves this problem. It is a club which brings elite people from different professional fields together. Magnises club is a high-class social club founded by Billy McFarland that hosts elite events. These events are classy, vibrant, and they provide a platform for Magnises to network with up to par people from various professions. Magnises events are held in the swankiest locations such as lofts, private planes, and boats. A member of Magnises also has access to the backstage of concerts and celebrity after parties.
The company is leveraging on online social networks to bring them into the real physical world that is accessible to only the paying members. Some are calling Magnises a lifestyle startup due to the company’s service of providing its members a lush life. With all its glory of providing access to private events, the Magnises is also practical too. You can use it to make payments just like in a regular debit or credit card. The Magnises card also provides benefits such as an app-based social assistance, VIP club access, and hotel discounts.
Mr. McFarland, the founder of Magnises, claims that the aim of the company is to integrate millennials into their cities. Mr. McFarland, a 23-year old, dropped out of college during his sophomore year and founded the company in 2013. Since then the company has over 12,000 members in New York and Washington DC paying an annual fee of $250 and has raised over $4 million in venture funding on inc.com. Mr. McFarland expects the company to generate $5 million in revenues in 2016.
Being only in two locations, New York and Washington, Magnises is seeking to expand and has plans to launch in Chicago, LA, and Boston during the year. Members of Magnises have nothing but praise for the club with one member claiming she went to a hockey game where she was treated to front row seats and an open bar. Another member was full of praise for the Magnises community. He claimed that the best value he got from attending a Magnises event was connecting and collaborating with people in his fashion industry.
Magnises prides itself in creating a common ground where professionals ranging from finance, tech, fashion, artists, arts, etc. can come together and grow their networks beyond their professional fields. For one to become a member, they have to fill out an online application which is carefully examined by the Magnises team before they can approve. Magnises targets people of ages 21 to 35 years with 85% of its members being between ages 21 and 29 years.