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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Companies and products are often designed with younger generations, like Gen Z and Millennials, in mind. However, this emphasis often causes the industry to overlook older generations who also need technology tailored to their needs. One would think this would be an obvious market, given that Gen X and Boomers hold more wealth than younger generations. That wealth alone makes them an attractive customer base because they can afford the products and services being developed. Even so, there hasn’t been much focus from tech investors or founders on creating solutions for this demographic. How often have you come across a founder or investor saying, “We’re building this for Gen X or Boomers”? Rarely, if ever. This is a massively overlooked opportunity. One reason for this lack of attention is that the tech industry is perpetually focused on the future. Rarely does it look to the past. When developing...
Entrepreneur Marcus Gram risked it all to find success. And, fortunately, it paid off. View this post on Instagram A post shared by AfroTech (@afro.tech) As AfroTech just told you, Gram is making a major splash in the vending business industry through Joyner Vending. Before stepping into the industry, he was earning $30,000 per year as a music producer.
Google holds the throne as the leading search engine, but according to Insider, TikTok and Instagram might be coming for its spot. According to data revealed by the search engine, nearly half of Gen Z — whose ages range from seven to 25 — prefer to use TikTok and Instagram instead. “Something like almost 40% of young people when they’re looking for a place for lunch, they don’t go to Google Maps or Search, they go to TikTok or Instagram,” said Prabhakar Raghavan, Google senior vice president, per the outlet.
Maya Ray is what we call post-grad goals. During her time as a college student, the Gen Z entrepreneur brainstormed a business idea that would have her financially set post-grad. A month after graduating from Georgia State University, the alumna launched FYC Vending — a vending machine company — which has generated $119,000 in sales, according to Business Insider.