Professional growth platform for aspirational millennials
Magnises provides an enriching way for millennials to elevate their lives while enjoying a series of highly-curated benefits for $25/month or $250/year. Centered around a robust digital platform, unparalleled access to live experiences, and community of over 10,000 highly ambitious individuals, Magnises is a must-have for any millennial living in a major urban center. Magnises’ revenue is generated from brand sponsorships, membership fees and recurring add-ons to the base membership.
We plan to become a must-have for millennials in every market. Members use Magnises to elevate their lives professionally and socially. The unique nature of our product is the power of our community. Our members source perks, allowing us to scale rapidly. Front row NHL tickets, exclusive access to events in NYC and DC, and unparalleled networking opportunities all are powered by our members. As we scale, Magnises will be every brand’s access point to the most influential consumer group.
- $2.1M revenue in 2015. 75% growth YoY. $3.3M in 2 years
- Currently in two cities (NYC/DC). Expanding to 10 more in 2016
- Over 10,000 customers paying $250/year
- Receiving 100 new applications each day
- Partner brands include: Tesla, Samsung, Uber, Grey Goose, and Forbes
- Select investors: Deep Fork Capital, River Park Ventures, Great Oaks Venture Capital, Former Chairman of Mastercard, Former CEO of Ogilvy & Mather
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WHY WE LIKE MAGNISES
With a 80% renewal rate on their $250/year membership fee they’re clearly providing a great service, and the genius of the model is that it is completely scalable. They curate such well-connected members that… READ MORE