CU DENVER ALUMNI SHARE TIPS
Regardless of one’s background or beliefs, it is inarguable that the ability to create to bring something once abstract into a concrete, defined existence attracts all people as they engage as innovators and thinkers.
Defined by “starting up” with a project or undertaking, Denver Startup Week completely embodied the energy of what it means to be a startup with all of the events, companies, and entrepreneurs that were showcased. Denver Startup Week 2017 truly championed Denver as an upcoming hub for business and industry. With a diverse entrepreneurial community that is attracting attention nationally, Denver Startup Week brought many opportunities and outlets for the public in addition to insight on what entrepreneurship looks like in a millennial-laden, tech forward, modern society.
One of the most interesting features of Denver Startup Week was in how each program extensively utilized technology. All events were extremely accessible both in-person and through various web-based viewing platforms. An event that served as the hub for all events where individuals could use Facebook, Twitter, and other social media platforms to catch clips and live streams of various company interviews and startup week activities was called “#DSWLive.” Even during the downtime between segments, the #DSWLive stream still buzzed with energy in the alternative shared office space as people typed vigorously on laptops and ran papers back and forth throughout the room. It was the epitome of a think tank for the week as a plethora of projects and business ventures were introduced.
There was no better way to engage in Denver Startup Week than meeting up with the CEO of Denver-based startup WalletGyde, Zack Moumen. WalletGyde is a financial advising online data tool that helps users generate reports on their spending, understand their saving, and generally stay updated with financial trends. Monumen and his colleague, Abe Tadesse, gave insight on what it really means to be a startup in 2017.
Both Monumen and Tadesse work together to make WalletGyde into the dynamic and finance-forward product that it is while facing the challenge of targeting one of the most complex and growing demographics: millennials. In terms of financial literacy, millennials are lacking in understanding.
When asked about why there is such a divide between millennials and finances, Tadesse says “We [millennials] don’t even try to understand or try to bridge the gap,” and it is this lack of initiative that leaves young adults in the dust when faced with the world of finances. Monumen added that because of the images that the word “finance” envokes (usually a scruff, tight fisted, grumpy businessman at a cubicle) “modern finances are not very millennial friendly.” WalletGyde aims to change this knowledge gap by engaging with its users and providing extensive information through its blog to help guide all.
One tip that both Monumen and Tedasse wanted to offer to aspiring entrepreneurs who have been bit by the startup bug is to have not only a passion but also endurance. When asked about his experiences at CU Denver and how they shaped him as an entrepreneur, Monumen said that his education gave him “the necessary mindset by asking the right questions. These questions might not give the right answers but gave the right route.”
Ultimately, DSW shows that entrepreneurship doesn’t necessarily mean following a traditional business pathway, but it does mean being creative and thinking outside of the box in a modern world.
Photo courtesy: of conuencedenver.com