My First Million Fyre Festival's Billy McFarland Tells Us His Next Move, Lessons Learned In Jail, and More
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Dec 22, 2022 Billy McFarland, once the mastermind behind the infamous Fyre Festival, opens up about his tumultuous journey and the lessons learned during his time in prison. He discusses the chaos of the festival, sharing insights into its disastrous mismanagement and his new venture, PYRT. Billy reflects on the challenges of rebuilding trust and navigating public skepticism while exploring unique business ideas, including adventurous experiences on private islands. His candid stories reveal a renewed focus on ethical decision-making and personal growth.
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Early Hustle
- Billy McFarland started as a programmer, creating and selling websites in middle school.
- One site, 24 Scene, based on the show 24, earned him tens of thousands of dollars.
Spling and Venture Capital
- After quickly spending his earnings from 24 Scene, McFarland created the social networking site Spling in college.
- This led him into venture capital and he dropped out to pursue it further.
Magnises Inspiration
- McFarland created Magnises, a social club with a black card, after being inspired by someone showing off their Amex Centurion card.
- He bought black cards and a card copier from Alibaba and started selling them to entrepreneurs.