Imagine the pressure, courage and the risks that come when one decides to drop out of college. Not to chase after a sure thing but to try out things on your own. These are just some of the things that Billy McFarland has had to deal. Billy had the burning desire to help the young people deal with the pressures of this world. However, Magnises was not his first venture as he had dealt with another company called Spling just before dropping out. The company had proved itself as a hit, and this may just be the motivation he needed to make the big decision.
There are plenty of benefits that come along with being a member of Magnises. For instance, Magnises allows you to be treated as a guest in many places. You can access the best places by just been a member. This places may consist of hotels, restaurant, and even bars. In its four years of existence, the club has managed to attract thousands of people. The good thing about the services of Magnises is that it’s for the select few as it’s a referral club only where vetting is a must.
To join the club, you are required to press the join now button found on the website and agree to their terms and conditions. You are then required to pay an annual subscription fee of $250 to enjoy their services. On a normal day, it would cost you around $500 to spend a night at a hotel in New York. However, if you are a member of Magnises, you get to enjoy the same services at less than $ 100 a night. Also, it would require you to part with $500 to access a co-working space in New York. Magnises has changed this to just $100 a month.
Since its establishment many years ago, the startup has managed to acquire funding of around $ 3 million from several investors. Magnises is only available in Washington DC and New York.