Teachyn focuses on educating and guiding students through the student loan process with a simple, visual curriculum and materials such as practice games and simulations. Their online learning platform seeks to change the education landscape by providing a streamlined learning experience for students to learn real life skills. We took the time to chat with Teachyn's founders from our LaunchX at MIT Class of 2019 to ask a few questions about their company, entrepreneurship and their time at LaunchX! Here's a closer look...
What is your role in the company?
George: I am in charge of finance and strategy.
Emily: I am in charge of branding and design. I also help manage and organize team meetings, deliverables, etc.
Derek: I handle technology, operations, sales and marketing.
Lawson: I help manage on sales - specifically generating leads and finding customers for our minimum viable product (MVP).
What is the overarching goal for this startup and what do you hope people take away from it?
Our goal is to help prepare the next generation of high school and college students for financial success and ensure they know what financial knowledge and skills will be necessary for their adult life.
What are you most proud of as a company?
After brainstorming at LaunchX, we found an idea that we were all excited to work on and we're proud to have started a company that solves a problem that our team has and can relate to!
What is your definition of success?
George: Being personally satisfied after completing a task.
Emily: Success means creating a sustainable venture that has applications for large societal impact.
Derek: I define success as creating something real that helps customers and makes a difference.
Lawson: Success is defining goals and then achieving those goals. Whether your goal is financial affluence or widespread social change, if you have clear sight of tasks that you want to achieve, then you will no doubt be successful.
What qualities of a person are most important for an entrepreneur to achieve success?
What important lessons have you gained from developing your own startup at LaunchX?
George: I have learned how to accommodate and more strongly develop team connection - even through tense dynamics.
Emily: You get out of the program what you put into it. You can't wait around for opportunities and progress. You have to chase them down with all you have and stand behind the decisions you've made.
Derek: Stay resilient and keep pushing forward with your team. Also, it is not necessarily a poor idea to pivot the "idea" if there is a valid reason behind the change.
Lawson: I would not have traded this experience for anything. I have learned how to network, be resilient and be productive.
Do you have any advice for new entrepreneurs and how to go about meeting people?
George: Network. Network. Network.
Derek: Attending programs like LaunchX is my recommendation simply because you get to meet many other like minded entrepreneurs and build incredible connections and startups. After LaunchX? My advice would be to keep networking and eventually, you will find your entrepreneurial community.
Lawson: Networking is essential. Strike a conversation with a stranger or attend an event. Point is - try to connect with as many people as you can. You never know who you will meet!
For more information about Teachyn, follow them here.