5min chapter

My First Million cover image

Fyre Festival's Billy McFarland Tells Us His Next Move, Lessons Learned In Jail, and More

My First Million

CHAPTER

Magnesis

Meg Nieces started Magnesis as a way for people to connect with each other. She says she was distracted by the fire festival in New York and didn't see it through. The company grew from 11, 12-ish million in revenue over three years but is no longer profitable. "I think my inability to communicate like that left me diminished the value of the brand"

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