Billy McFarland is a 25 year old entrepreneur who has managed to become very successful in business, especially after founding Magnises in late 2013. By the time 2014 rolled around, the company had released its black card and was a fully functioning social club for millennials.
Today, this allows the social elites a way of building upon their networks as well as adding some excitement to their social lives. As a member of this elite club, members are able to get discounts and perks at various different places around New York City and Washington DC, which also allows for one of the best night life experiences. In coming years, Magnises will also expand into more cities to keep building the social networking potential.
CNBC said that even though Billy McFarland wanted to attend college, it wasn’t long before he decided to drop out to focus on his business pursuits, which turned out the be the best decision he could have made.
When dropping out of his University, it was to found his first serious company, Spling, which is an online advertising company that is still running today. Magnises turned out to be a huge success, and he often hosts events at the social clubs penthouse in Manhattan.
Billy’s big break came during a discussion with his friends on how to appeal to millennials of the generation, and they were focusing on the idea that other company’s use reward cards, such as American Express. Billy decided to take this idea to a new level by creating a personal rewards card, which is known as the Magnises black card today.
Today, the Magnises headquarters has been taken on as a social lounge for hosting meetings, lectures, parties, and a handful of other events.
That’s not all though, since Black Card members can take part in special vacation getaways and exclusive events accessible to no one else, all for a $250 annual fee. This may seem like a lot for many, but for the wealthy with active social lives, it’s actually quite a deal.