Millennials are looking for a way to start their own business, and a few of them are already making it.
As Business Insider reports, a whopping 16% of millennials polled by a recent poll said they would like to start a business if given the opportunity.
“People are becoming more comfortable talking about business, the need for entrepreneurs and the ability to connect with other people who have the same interest,” David Eich, senior director of digital strategy at Millennial Media, told Business Insider.
This is especially true for young people who tend to gravitate towards tech startups, which can offer a competitive advantage.
As Eich notes, the growth of the internet has created a huge opportunity for millennials.
“There’s a whole generation of millennials who are looking to connect on a social network,” he says.
“You can’t build an entire business on your own.
It’s going to take a lot of effort, a lot time, a whole lot of passion.”
One thing millennials are excited about is having a place to put their ideas.
“One of the biggest things that’s driving millennials towards a start-up is that they’re not used to starting from scratch,” says Mark Lavin, co-founder of Young Venture Fund.
“They don’t know how to do a lot and start over.
So if you give them the opportunity to build their own businesses, they will want to.”
It’s a great thing, he says, because “the more they can share ideas, the more they’ll be able to connect and be inspired to go on and build something.”
And that’s exactly what’s happening with the likes of Trame.
Trame is a social networking platform for millennials that lets you create an account with a photo and your name and the username of a person you want to connect.
In the past, Trame had a few features that helped people connect with each other.
For example, users could add an avatar and they could post photos.
But today, Trameme’s main selling point is its ability to let you post your own content, which is exactly what the startup wants.
“We want to get more people on Trame and be able get their friends on Tram,” says Lavin.
“So we’ve seen a huge increase in users, and we want to keep them on there.
We want them to see our work, and they’ll share it back to us.”
It’ll take time, though, and Trame isn’t going to be able make Trame easy for all users.
But, the company is hoping to have its app out by the end of 2019.
“It’s the first generation to be in a position where they’re able to use a social platform and not have to spend time creating an account,” Lavin says.
Tramme is also using the same social media platform as Facebook, Instagram and Snapchat to connect users.
So, it’s not only a social app that Trame will be using, it’ll also be using a few other social media platforms, too.
“That’s where Trame comes in, and that’s where it’s really going to work out,” says Eich.
“But Trame’s not just going to do that, it will be a social media app, too.”
Trame launched in January 2019, and the app has been getting a ton of attention since then.
In May, Trumeme won its first Social Entrepreneurship Award from the Young Venture Capital program, and its growth has continued to rise.
Since then, Tromeme has raised $50 million in funding.
And, it recently signed a deal with a major media company, including the Washington Post.
That news comes just a few months after Trame was named one of Forbes’s most influential companies of the year.
The company’s growing popularity will be reflected in how it plans to grow in the coming months.
“What we’re going to see is a lot more activity on Trumme, a ton more activity from Trame,” says Eric Ries, Tramelove’s CEO.
“And we’ll see a lot less competition.
We’re going be the most popular Trame app.”
Trumemes next step will be to go public.
Trameloves goal is to raise $500 million in venture capital to help the startup scale up to the size of a major company.
For now, Trames focus is on building its app, which means it won’t be able offer the same features as Facebook and Instagram, but the company will have some perks.
For instance, Trams will be able create more than 15 million photos a month, which will be shared with its users, as well as get more likes and comments.
For a startup with a $100 million budget, that’s a lot.
And it will allow Tramelites app to scale faster, too, which helps it reach more users faster.
The startup is currently working on its own products, too; Tr