William (Billy) McFarland is an American technical entrepreneur, he was born on December 11th, 1991 in New York, but raised in Short Hills, New Jersey. He is the founder and CEO of both Magnises (2013) and Spling (2010). McFarland attended college for a brief time at Bucknell University in Lewisburg, Pennsylvania to study computer engineering, and decided it wasn’t for him.
That is when he made his first company (Spling). Even as a child he was exceptionally gifted with business, he would sneak phones into high school to handle work related business.
Both companies are doing exceedingly well, especially Magnises, which is a thin metal black card designed specifically for the millennial generation. According to Crunchbase, Billy McFarland wanted to make something that was appealing to the younger crowd, so it includes an application on smartphone devices.
Whats so great about this card? It gives exclusive perks to members. Some of those perks include but are not limited to; party invitations, private concerts, discounts at restaurants, and special reservations for luxurious getaways. Currently there are over 6,000 members and counting, all clients pay an annual fee of $250 (not a bad price for all those benifits).
At just 23 years old he has raised 3 million in funding, just from one of his companies. Currently Magnises is only available in New York and Washington DC, but Billy McFarland plans to expand far and wide. He believes this can be the bridge that brings together people who work in different fields of work on a social, and professional level.