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Entrepreneurship Reimagined- How Two Gen Z Entrepreneurs Raised 41.4 Million Dollars
To those who question the potential of young entrepreneurs in the tech space, Scanlon and Manche assert that the future is indeed unfolding before us. Their fundraising achievement is not just a vote of confidence in their technology; it is a vivid illustration of the impact that fresh perspectives can yield. By daring to challenge the status quo, they embody the essence of Gen Z’s approach to entrepreneurship.
Cooper Scanlon and Rushi Manche, two Gen Z entrepreneurs, have made headlines with the successful launch of their blockchain startup, Movement Labs, which recently raised $41.4 million in funding. Their journey began in the fall of 2022 when they made the bold decision to leave their studies at Vanderbilt University to pursue their vision full-time. By fall 2023, they secured $3.4 million in pre-seed funding, leading to an impressive $38 million Series A round completed in April 2024.
At just 19 and 22 years old, respectively, Scanlon and Manche exemplify the innovative spirit of Gen Z, showcasing a fearless approach to entrepreneurship in a competitive market. Their digital native background has equipped them with the skills needed to navigate today’s rapidly evolving technological landscape, allowing them to identify gaps in the blockchain industry that others might overlook.
The future is already here, and we’re building it.
– Scanlon and Manche, Movement Labs
Recognizing that traditional education did not serve their entrepreneurial ambitions, they took a decisive leap into the blockchain sector, abandoning conventional paths in search of innovation. Movement Labs aims to create a unified blockchain ecosystem where developers can build secure applications, providing users with safer management of their digital assets. The Move programming language, initially developed by Meta (formerly Facebook), is at the heart of this vision. Scanlon and Manche see immense potential in Move, despite its waning popularity after Meta’s project shift, due to its ability to enhance security and efficiency for financial applications.
The duo emphasizes the importance of a collaborative, community-driven approach to innovation. They are fostering a vibrant network of builders and contributors who share their vision, aiming to break down barriers to entry in the technology space. They believe that inclusivity and diversity are key to unlocking the next wave of innovation and empowering fellow Gen Z creators to shape the digital economy without traditional constraints.
As they continue their entrepreneurial journey, Scanlon and Manche assert that the future is already here, and their achievements serve as a testament to the power of fresh perspectives in a rapidly changing industry. They encourage their peers to embrace risks and challenge the status quo and invite older generations to recognize the energy and innovation that young entrepreneurs bring. Together, they can pave the way for a promising future in technology.
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