Tech Teenpreneur Crowdfunding Capitol for Sports Practice Website
Rishab Yeddula is an ordinary teen with an extraordinary idea. The 14 year old recently registered his first company, Practicity with the state of Nevada in early April, and now he is seeking funding on the crowdfunding website Indiegogo. Contribute: https://www.indiegogo.com/projects/practicity-the-intuitive-sports-practice-website.
San Jose, California, May 11, 2015 (Newswire.com) - Rishab Yeddula is an ordinary teen with an extraordinary idea. The 14 year old recently registered his first company, Practicity with the state of Nevada in early April, and now he is seeking funding on the crowdfunding website Indiegogo. Rishab is currently an eighth grader at Valley Christian, and he work on robotics and other projects on his free time. This is his initial venture, and he believes it will be very successful but only with the community's help.
Practicity: Online Sports Practice Platform
Contribute: https://www.indiegogo.com/projects/practicity-the-intuitive-sports-practice-website
Rishab Yeddula, Mr.
The website itself is a truly unique idea stemming from Rishab's frustrations in getting his parents to practice tennis with him. Once he talked to peers and athletes, he found out that him and many others have trouble finding a partner (or partners) to practice with on their own schedule. One can get a deeper understanding of his concept in the campaign page, but while you're here, here's a brief summary. As his company tagline states: “Request partners online, fulfill existing requests, and purchase equipment. Practicity is the website for an athlete's practice needs.” On his site, one can post a praclet, which is basically a request for people to join the practice session. Once it fills up with interested people, one can simply attend and perform. In the future, Rishab plans to incorporate a tournament and per to peer sharing system.
5 Tips For Other Teenpreneurs in His Own Words
1. Run With It
One of the biggest mistakes he sees young entrepreneurs make these days are to not run with their idea. They spend too much time thinking and developing, and less time doing. Especially at a young age, the only way a teen can get motivation is with an idea already in progress. Once you get it out there, he guarantee it will be much easier to grow
2. Go For Crowdfunding
As a young entrepreneur, it is easy to become swayed by those stories of venture capitalists providing six figure sums to early companies. The truth is, the founders have a lot of time, and even more connections to help their business grow. As a teen, one doesn't start with much credibility, so crowd funding is a way to raise money based on your idea.
3. School First, Business Second
The most important rule as a entrepreneur still in grade school is that school always comes first, and business always comes second. If a startup fails, a teen still need and education to progress through life. School is a failsafe plan, and the foundation that future life is built on. Therefore, do not waste the precious young years frantically growing your business first, but rather investing in eduction and future.
4. Find a Mentor
When Rishab started my company, he was in dire need of a mentor to help his business grow, but he did not know it. A senior mentor can provide connections and help you through the ins and outs of the corporate world. Find someone that has already started or helped fund a successful company. It will surely make all the difference in the future.
5. Monetize your passion
Programming, tennis, and friends are three of the most important things in his life, and the first two are his passion. When he started this company, Rishab intended to make money, but as his company grew, he learned it could be quite fun. It is always more enjoyable if your company has something to do with your passions. What is better than making money while doing something one loves.
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Tags: Company, Entrepreneur, Fund, Sports, Tech, Technology, Teen, Website, Young