At the very young age of 23, Billy McFarland is the founder of a social club called Magnises. This club is quite exclusive and offers deals and special events that can be obtained by using the Magnises unique black card.
This black card is easily used for payment purposes by having it linked with a credit card or bank card in order to enjoy the great perks at the club. The card is not made of your typical paper or card stock material, but is actually made of metal. Since it is heavier than the usual cards, it is harder to lose.
According to Business Insider, Billy McFarland wanted to help customers build the perfect network when he founded Magnises. He made this social club in order for patrons to get fantastic discounts at bars, clubs, restaurants and even fabulous getaways and private concerts. Many businesses in New York City have decided to partner with Magnises.
Billy McFarland founded the club just more than a year ago and already have over 6,000 members who pay $250 per year to carry the card.
Billy founded the club with young working professionals in mind who are between 21 and 35 years old. These members are mainly workers in the technical, fashion and finance industries and they must be approved before a card is issued.
Magnises is not the first company that McFarland has founded. At the ripe young age of 13, he had founded an online outsourcing business.
This company matched clients with designers. After he had dropped out of Bucknell University near the end of his freshman year, he had found another online company which was Spling, an ad platform. McFarland is still the CEO of this company. He has several important clients with Spling including Discovery and Universal.