Tyler Armentrout ’18 and Jeremy Edelson ’18 are starting a new social media company and app for those involved in live entertainment, like concerts and sporting events.
Armentrout and Edelson were assigned a project for an entrepreneurship course taught by Professor Clemenson last spring. The pair, who knew each other before coming to Lake Forest College, developed a business plan, and as the process interested them, decided to run the project in the real world.With the help of personal financing and connections, they began to kickstart their company.
With the help of personal financing and connections, they began to kickstart their company. Armentrout’s dad is in the live entertainment business and Edelson’s dad is in the arena development business so they both have an inside look into what goes on backstage.The next steps for their company involve making a solid beta and
The next steps for their company involve making a solid beta and ful- ly develop the project in a platform available for possible investors. Be- cause the project is still in an early stage, no further detail can be revealed, as possible legal complications could arise.
Edelson suggests finance majors should “take the ENTP 120 course, as it shows you how to take an idea, test its viability, and present it to potential investors to make your dream of being an entrepreneur come true. Don’t close any doors before you have explored them.”
Armentrout also shared some words of advice with fellow Foresters interested in entrepreneurship and looking for a business partner: “finding someone who completes you as an entrepreneur and has had similar obstacles like you will save you a lot of time. Also, come up with three innovative ideas a week. [Sometimes, these ideas] will germinate into viable concepts.”
If you, like Armentrout and Edelson, would like to put your ideas into practice, check out producthunt.com, which can help you develop your ideas, network, and take advantage of resources in college.
