Billy McFarland is known in the United States as a tech entrepreneur. He is also famous for co-founding two companies namely Spling and Magnises. With these two companies, he has held the position of the chief executive officer. Billy spent his childhood in Short Hills, New Jersey. He was born in New York, New York.
Billy showed entrepreneurial skills from an early age when he co-founded his first company. This was a firm that specialized in finding clients and connecting them with the designers. Later on, he attended the Bucknell University for a short period as he dropped out for the second year to follow his passion. He was studying computer engineering at the time.
Shortly before leaving college, Billy established a firm called the Spling. This was a company that specialized in making the URLs appear cuter and improved. During his time at this firm, he attracted various notable names in the market such as Universal and Discovery. Later on, after dropping from college, he established the Magnises black card.
This creation by Billy targeted young people between the age of 21 and 31 years. The benefit of this black card is that it allows members to enjoy discounts by just flushing the card.
Members can enjoy benefits at clubs, restaurants, bars and even co-working spaces. As of today, Magnises has a subscription of not less than 10,000 members that include notable basketball players, songwriters and even actresses.
Currently, the annual subscription fee for this black card is $250. Billy says that the services of this card are available in New York City and Washington DC. However, there are plans to expand the services to other cities such as Boston, Chicago, and Atlanta.
According to CNBC, Billy McFarland has placed many features in the black card such as the Magnises now. This is a feature that he designed to answer general questions about the service. It takes two to three minutes to process each query.
Magnises now can even suggest for you the best places to visit in the city. As of today, Billy has managed to raise over $3 million in venture funds. Billy says that the card targets people working in the finance, technology, and fashion industry.