Ever wished you had a magic wand that you could wave and instantly have access to exclusive events & venues, backstage of concerts, and even private planes and boats? Well, the Magnises card lets you do exactly that. Magnises club is an exclusive social club founded by Billy McFarland that holds exclusive events. The exclusive events hosted by Magnises are not only fun and vibrant, but they also give Magnises users an opportunity to network with people from various industries.
The card is not only about the perks of living a lush life but has some practical uses too. You can link the Magnises Card to Debit or Credit card for payment purposes. Billy spoke about their target market being working millennials of ages 21 years and 35 years. 85% of the current Magnises holders are of ages 21 years and 29 years. His goal with Magnises is to build a fully integrated platform that tries to connect working millennials with new business opportunities both online and offline.
The company has partnered with various restaurants, clubs, fitness centers, among other businesses in New York. Magnises has also partnered with Hip Hop rappers Rick Ross and Ja Rule where card members can attend their private shows. The rapper, Ja Rule is said to be working on a venture with the startup to grow it further. Cardholders also enjoy discounted helicopter rides with Blade to the Hamptons.
Magnises was founded in 2013 but has over 6,000 users each paying an annual fee of $250. To date, the company has raised over $3 million in venture capital.
Prospective members fill out an online application, which is scrutinized by the Magnises team before approval to join. Their vetting process is factored upon the person’s engagement frequency with the card. They approve members from various industries such as tech, finance, fashion, arts, music and so on. This diversity is key because it allows its members to broaden their network beyond just their professional industry.
Billy McFarland, a 23-year-old explained his incredible success at such a young age. He claimed that he was always driven and that he knew in his mind what he wanted to do. With the phrase ‘drop out’ being sensitive to him, he deferred from college during his freshman year for ‘a few’ semesters to build and grow his business, something he claims was a “No brainer.” He took that risk because he already had some experience with starting companies.
During his middle school, he used to sneak cell phones in class to keep in contact with customers and leaving school all together while in high school to hold meetings during the lunch period.