What is the 30under30?
30under30 is an Anthill initiative launched in early 2008 to encourage and promote entrepreneurship among young Australians.
Each year, we invite our readers to nominate young Australian entrepreneurs deserving of recognition for their outstanding entrepreneurial endeavours. More.
Nicholas Molnar and Simon Molnar
Name: Nicholas Molnar (b. February 1990) and Simon Molnar (b. February 1992)
Age(s): 25 and 23
Known for: Afterpay, Iceonline.com.au
When he was in his teens, Nicholas Molnar became the biggest seller of jewellery on eBay Australia.
“I realised that if I wanted to grow, I needed to have an official business,” he recently told Anthill.
“After extensive investigation, I found the biggest online jewellers in North America and made contact. After meeting them at the Vegas Jewellery fair, I convinced them not to judge me by my age.”
Nicholas, along with Simon Molnar (yeah, totally related), secured the license to franchise Ice Online in Australia. Ice Online sells fine jewellery sourced mostly from the USA, but they also support Aussie brands.
Now, Nicholas has launched a new and notable startup of his own design.
“I have just launched another business called Afterpay,” Nicholas added.
“The idea was inspired by an obvious gap in the market. It gives online customers the ability to try the goods before they have to pay, coupled with the option to be able to spread their payments over a short period of time.”
Afterpay has just achieved $8 million in subscription agreements. And that’s just the latest in a long string of successes for Nicholas, who oversaw $1.6m of revenue out of his bedroom during university, and who now employs five people at Ice Online. Impressive, indeed, for a man of just 25.
Now, Anthill Online is proud to announce Nicholas and Simon Molnar, 2015 30under30 winners!
Anthill asks: Simon Molnar, what’s your superpower?
My super power is to see gaps in many markets and inventing businesses to fill these gaps.
Another super skill of mine is that I collect intelligent and capable people. I keep in contact with my connections and believe in scratching backs. You never know when you might need to call for advice.
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