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BREAKING: WealthLAB Co-Founder Makes Forbes 30 Under 30 List

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Forbes Africa just unveiled its fifth annual “30 under 30” list, highlighting the top young entrepreneurs, innovators and gamechangers.

And guess what: WealthLAB co-founder Odunayo Eweniyi is on it. See the full Forbes list here.

Alongside co-founders Joshua Chibueze, 26, and Somto Ifezue, 28, Odunayo built PiggyVest, a fintech app that’s helped over 230,000 African Millennials invest and save over $15M. 

“PiggyVest was born out of the need to help people create a sustainable means of saving,” Odunayo told Forbes. PiggyVest users currently earn 10-13% on savings.

Just last May, PiggyVest—then known as Piggybank—closed a seed round, raising $1.1M. In doing so, Odunayo became one of under 30 Black women to raise over $1M in startup capital.

While the app started as a digital piggy bank for savers, Odunayo told TechCrunch the goal was to become a “financial warehouse” where other financial providers “can plug in their services for [PiggyVest] users.”

That vision recently came to life with the launch a new investment feature called “Investify,” which pays around 25% depending on the investment opportunity.

The Forbes distinction comes on the heels of an impressive recent run of awards for the young entrepreneur.

In March, Odunayo earned an award from Forbes as one of the top young “wealth creators” in Africa. Shortly after, Odunayo was named 2019 SME Entrepreneur of the Year in Wealth and Society in West Africa.

Prior to founding PiggyVest, Odunayo co-founded PushCV, the largest job database in Africa.

“I’ve always wanted to make an impact. I didn’t know how I would do it, but i felt a compulsion to.”Odunayo told Black Enterprise in a recent interview.

In addition to PiggyVest, Odunayo’s co-founded WealthLAB (yes, this WealthLAB) with NYC-based investor-entrepreneur Philip Michael. The two also invest in women —and minority run startups in the US.

Forbes Africa named 120 entrepreneurs across four categories: trade, technology, innovation, and sport. “I’m honored but I’m just ready to work,” Odunayo said when asked about the award. “I’m already thinking about what’s next.”

Well, alright then. Hit her up and congratulate her on IG here! 

Entrepreneurs

Gary Vee’s ‘$1.80’ Instagram Strategy To Hack Your Follower Count

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Entrepreneur and bestselling author Gary Vaynerchuk—aka Gary Vee!— is one of the biggest business on social media today.

His IG currently boasts 4M followers while his YouTube has near 1.6M subscribers.

The CEO of Vayner Media, Gary uses (and absolutely loves) social media to propel the growth of his business, now valued at a whopping $125 million, which even includes a media franchise.

(And no, WealthLAB’s not for sale, G.)

Obviously, if you’re someone just starting out in business, you’re looking for ways to get your business out there. How to get more followers.

For 90%+, you pick a couple of platforms, you post. More often than not, you end up with dwindling traffic, or no shares or comments.

So how do you get around that?

According to Gary Vee, you can get more followers and more engagement through a $1.80 strategy. (Well, sorta.)

Here’s how you do it.

Make a list of every hashtag that fit the work your business does. Apart from this, check out the other tags people use when generating content similar to yours.

With this in hand, check out any hashtag for the top posts surrounding that description—and then share your two cents about it as a comment.

If you were to do this ten times over, your work would equal $0.02*9 posts*the hashtags= $1.80. (Yeah, kinda corny, but you get the logic.)

Check it out here, in his own words.

Over time, this can help you snag followers, and you will continuously learn about what matters to many of your followers.

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Entrepreneurs

6 Questions You Must Ask Yourself To Improve Your Health And Productivity

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Engaging the right mentality. Whether it’s fitness, business or just self-improvement, setting your personal goals is just like setting any other major goals in life:

You need to be in the right state of mind in order to develop the discipline for progress. 

Below are some mental exercise questions to help you gauge where you are mentally. Ask yourself the following questions.

Q1: Why is it important to be honest with myself?

Being honest with myself not only helps me identify a problem but more importantly, identify a solution. 

By being honest with myself, not only do I give myself an opportunity to understand how I confront my problems, but I also give myself room to understand my priorities and goals.

Q2: What contributed to my current state of health?

Not exercising consistently, eating out on a daily basis, nurturing destructive habits with my current habits and routines. In other words, set a plan to address it—and then do.

Q3: How can I achieve a better state of health?

Follow a workout plan, develop the habit of consistent exercise, hiring a personal trainer who can guide me towards my goals. Create a list of healthy foods to eat, reach out to a friend who has similar goals and work together.

Accountability is everything.

Q4: What has been my biggest setback from reaching my goals?

Procrastination, not having a clear set of goals, and bad habits. It’s really that simple.

Q5: Why have I not applied these solutions yet?

Example Answer: “I’m not sure where to start, I haven’t taken the time to think about these things.”

Q6: Is it possible to change any of the negative answers I listed?

ABSOLUTELY! If it’s meant to be, it’s up to me! 

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Entrepreneurs

SPEAKER SPOTLIGHT: 60-Second Interview With NYC Attorney Dmitriy Ishimbayev

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Next week, Dec. 17, at Hotel RL in Brooklyn, we’re hosting another edition of our EPIC events series OPENSTAGE (see video), which features extraordinary entrepreneurs, dealmakers and creators on a stage, spilling the beans on their success to date.

(Click here to RSVP!)

At the next one, OPENSTAGE features a designer, Moiz Malik, who turned a blog into the fastest-growing real estate tech brokerage in Brooklyn, and Dmitriy Ishimbayev, one of the most sought-after young business attorneys in New York City.

In this SPEAKER SPOTLIGHT, we put the spotlight on Dmitriy and hit him with a 60-second interview.

Here’s what he had to say.

What’s the biggest mistake founders make when they try to raise money?

Dmitriy Ishimbayev: Most VCs ask for pretty much the same documents. Not having your “house” in order does not look good to VCs and running around trying to scramble the requested docs the last minute will most likely affect the quality, not to mention accuracy of those docs and delay the process. Do your homework and start early.

What’s the number one trait you see in entrepreneurs that ultimately become successful?

DI: Perseverance. For not very long, being an entrepreneur became cool and someone to aspire to be.

What most people see is the end result of what an entrepreneur has achieved without realizing all the hard work and long hours that were invested, all the obstacles that were overcome and all the stress.

It is a difficult path and you can not make it without perseverance. Name one first-time entrepreneur who’s achieved something without perseverance. I do not think one exists.

What’s a startup idea you didn’t think would be successful but ended up blowing up?

DI: This one is tough. Recently read about “Pet Rock” that sold 1.5M rocks at $4 apiece in the 1970s. But it was a fad, just like spinners or CBD-infused products.

EDITOR’s NOTE: RSVP here for open bar, networking, awesome panels and overall good times.

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