At the cutting edge of tech, music and business are many successful leaders who not too long ago weren't old enough to drive or vote.
These wunderkinds were honored in Forbes' prestigious "30 under 30" lists, which highlights hundreds of top young entrepreneurs in categories from social media to science, in the 2022 rendition of the list on Wednesday. Some of the Class of '22 were as young as 14, while the average honoree was around 28 years old. Thirteen of these burgeoning business moguls were from Austin, which has seen such distinguished 30 under 30 alumni as former UT basketball player Kevin Durant get top spots on the 10-year-old list.
Here's a look at the 13 Austinites who made the cut:
Science—Celine Halioua, Loyal founder, 27
Celine Halioua, founder of Loyal and #ForbesUnder30 honoree, discusses how she created a company which helps prevent undue aging and cancer in dogs, and whose research could also potentially help humans. https://t.co/rfbFS4dq72 pic.twitter.com/3MaBGnE4Eb— Forbes (@Forbes) December 1, 2021
Earning the top spot in the science category was Celine Halioua, a former University of Texas student and founder of biotech company Cellular Longevity. The company, normally called Loyal, was founded by Halioua in 2019 and aims at finding compounds that can prevent undue aging and cancer in dogs, something that Halioua hopes will one day translate into human benefits.
As the frontrunner for the Science category's Class of '22, Halioua earned a photoshoot and video interview. Like many others on the list, Halioua's youth may give her an edge up in creating new ideas and technologies.
"It's been very fun learning how to modernize an old industry," Halioua said in the interview.
Halioua, who grew up in Austin around 15 cats, rescue dogs and even pet squirrels, said her company looks to extend the lifespan of dogs, but more broadly she hopes to combat the issue of "not having free will," an opinion she formed when talking to brain cancer patients at a neuro-oncology clinic at 18.
She also said creating anti-aging medicines for dogs can be a "proving ground" for creating the first explicit anti-aging drug cleared for humans because veterinary medicines are much more likely to be approved.
There's never been a drug approved for aging for any species, dog or human," Halioua said. "My core goal in life is to get the first drug approved."
The Bay Area-based company is pre-revenue, but it's already generated over $38 million in venture capital and has its first anti-aging drug poised to reach clinical trials next year.
Science—William Gilpin, UT Austin professor, 29
Is chaos actually hard to predict? For NeurIPS this year I made a database of 131 known strange attractors, and trained state-of-the-art forecasting models on each one, to try to figure this out (1/N):— William Gilpin (@wgilpin0) October 12, 2021
Dataset + Code: https://t.co/EpK4ZfWTEF pic.twitter.com/ehvPCBhDm3
University of Texas' incoming physics professor William Gilpin knows how to find beauty—and practicality—in chaos.
Using "chaos theory to understand biological complexity," Gilpin, who was inspired by ocean waves and fluids, has revolutionized a machine learning technique for neuroscience recordings.
"Is chaos really hard to predict?" Gilpin asks in a recent viral Tweet, as he showcases his methods that have helped analyze fitness trackers and predict prices of stocks and ponds.
Sports—Megan Lindon, Austin FC marketer, 29
Ever seen Austin FC's signature Verde Van rolling around town? The mobile one-stop shop for Austin FC merchandise is the brainchild of Lindon, the senior manager of marketing who helped make the team the top-selling hub for merch across the MLS in its first year.
Lindon oversaw brand campaigns and retail partnerships, such as its jersey sponsor YETI, for the new team. Although she might not be responsible for all the hype, it's tough to tell whether Austin FC would be as recognizable nationwide without Lindon's efforts.
Really thrilled to be named a part of @Forbes 30 Under 30 Games Class of 2022, alongside some other very young talented esports folks — @scump, @onfireScarlett, and @TSMWalter, to name a few.https://t.co/3v2Wqq8hz1— Jacob Wolf (@JacobWolf) December 1, 2021
Move over, sports commentators—esports reporting is entering its golden era, and the self-proclaimed "world leader" in esports coverage is based in Austin with Jacob Wolf at the helm.
At 24, Wolf, the company's chief reporter, has already been compared to "ESPN's NBA news king Adrian Wojnarowski," according to the Forbes report. He's also won the Esports Awards Journalist of the Year title in 2018 and has been nominated five times, leads the company's news team with hard-hitting investigative pieces and has founded a production company that will co-produce a podcast set to release in 2022.
Wolf sits on the list now, but he was criticized by a Forbes reporter in the past for having "zero corner" in the esports market—a notion that was quickly shut down by Wolf and longtime esports fans alike.
Manufacturing & Industry—Topher Haddad and Winston Tri, Albedo co-founders
Good Morning Twitter! This year for Thanksgiving we've made some 10cm synthetic imagery. Let us know what you think. pic.twitter.com/MPmh93tctW— Albedo (@Albedo) November 24, 2021
"The next generation of Earth observation is coming soon," satellite imagery company Albedo's website boldly reads over a crystal-clear aerial view of an alpine forest.
Two under-30 entrepreneurs—Topher Haddad and Winston Tri—set out to create commercially-available satellite imagery that has nine times better resolution than what's out now. From that, Austin-based Albedo was born.
After raising $10 million in a seed round by Initialized Capital, the company is gearing up to launch its first satellites in 2023.
Venture Capital—Brandon Allen and Marcus Stroud, TXV Partners co-founders
Austin can't have its startup-savvy culture without its venture capitalists, something Princeton graduates Brandon Allen and Marcus Stroud know all too well.
Now 27 and 28, the former Princeton roommates formed TXV Partners in 2019 and haven't looked back since, investing over $20 million into businesses including fitness app Future Fit and the similarly-named fitness startup Future as well as Data.World, Oura, Kambr and Trax. The duo, which has since tacked on another partner, has been focused on local businesses for years and will continue to do so as they boost Texas' best exercise startups.
Retail and eCommerce—Benjamin Smith, Disco founder, 28
Everything is better in a set. 🎁 — Disco™ (@letsDiscoskin) November 27, 2021
If you're not shopping our biggest sale of the year, you're missing out. Get 30% off site-wide + free shipping on all orders. pic.twitter.com/kBmI56ZjMu
Men need skincare, too—even if they sometimes aren't comfortable enough to address it.
That's the issue that Austinite Benjamin Smith hopes to tackle with his skincare line Disco, which provides sets and products from anti-aging cream to cleansers to help men feel their most "dapper."
Smith, who struggled with acne throughout early adulthood, strayed from the overly-masculine packaging of many men's beauty products and instead opted for a sleek, simple look that can be seen online and at Nordstrom. The company has been featured in GQ and the Wall Street Journal and is expected to see $10 million in revenue at the end of 2021 after an original $5 million in funding.
Finance—Jeron Davis, RLJ Equity Partners, 28
Forbes 30 under 30 in Finance should be renamed Forbes 30 under 30 in Blockchain!— nicola 💾 (@iamnotnicola) December 1, 2021
Although he's based in Maryland, Jeron Davis has found success as a senior associate at RLJ Equity Partners, a firm founded by Austin billionaire Robert L. Johnson.
Davis is a former investment banker at Citigroup Global Markets, Inc., where he made a$4.6 billion leveraged buyout of Petco and a $2.2 billion sale with CenturyLink. With RLJ, Davis made a $60 million LBO of Pro-Vac and $31 million TechMedia buyout.
Education—Chandler Bolt, Self Publishing School founder, 28
Investor and Self Publishing School founder Chandler Bolt holds a five-year company and has helped 6,000+ writers publish their own books—and he's just 28.
His company, which helps writers work—from creating a writing timeline to arranging speaking engagements after publishing—charges $6,000 to bring writer's works into fruition.
The Austin-based Self Publishing School has been an INC 5000 company for three years in a row among the fastest-growing private companies in the U.S. But Bolt's not stopping there, he's also published six books of his own, hosts two podcasts, and has a YouTube channel about the self-publishing process.
Energy—Thomas Sherman and Daniel Vassallo, CRCL Solutions co-founders
💡ATI Company Spotlight: CRCL Solutions💡— ATX Tech Incubator (@ATI_UT) September 9, 2021
Congrats to CRCL Solutions for winning a National Science Foundation SBIR award! CRCL will investigate how AI can be used to improve atmospheric modeling for the renewable energy industry.
For more, visit: https://t.co/SVKzscHxL4
Texas' renewable energies are growing fast—but when the wind turbines aren't turning, it can hard to predict how much the state will be able to use.
Using artificial intelligence, CRCL Solutions founders Thomas Sherman and Daniel Vassallo are helping power traders reduce risk and increase profitability by forecasting usage of ERCOT's solar and wind energies. Eventually, the duo hopes to help create carbon neutrality by erasing some risks from the fluctuating renewable energy market.
And their efforts are gaining national attention: so far, they've received funding from the National Science Foundation and the Austin Energy Incubator.
Austin homebuyers have been through the wringer in the past year—tales of offers well over asking price, sales in under an hour, and months-long supply chain shortages have become commonplace in the city's cutthroat housing market. So it's perhaps no surprise that many homebuyers are looking for greener pastures as they stake out large empty lots along the city's outskirts.
After casually searching for a home for years, Austin influencer and blogger Jane Ko experienced the pandemic housing surge firsthand when she found an empty lot near the airport in the summer of 2020. Stretched thin by high demand and limited supply, Austin's median home prices had already reached a then-record of $435,000 in August of that year, while new inventory grew by just 0.1% in that month.
Due to seemingly ever-increasing demand, Austin's homebuilding market has been busy—if not strained. New listings were up 6% in November 2021, while median home prices had cooled ever-so-slightly to $470,000. The area was ranked the fifth-busiest metro in the country for single-family homebuilding permits in August 2021, according to a National Association of Homebuilders report.
Austin influencer Jane Ko build a semi-custom home on an empty lot near Austin-Bergstrom International Airport. (Jane Ko/A Taste of Koko)
"I think for those of us that have been here, we've seen prices rise in the last five years and I kind of figured if I don't buy now, then I probably won't be able to," Ko said. "I kind of stumbled upon it and I think for a lot of people that's been really the only way to find real estate since the market is so hot."
Austin's inventory has remained somewhat low, especially in the center of town, leading some to believe that homebuyers are being "priced out" by the city's limited options. Area suburbs are reflecting that—the Kyle-Buda-San Marcos region saw 2,900 new home starts from September 2020-21, more than any other Austin submarket.
But with new developments working to keep pace with demand, 2021 Austin Board of Realtors President Susan Horton told Austonia the trend just reflects customer desires.
"I don't think that folks are being pushed by any means," Horton said. "Folks that want to buy out in the rural areas are buying for personal reasons and they're buying because they want the land and privacy. Folks really, truly want to be out. If you want a big lot, it's there."
Like many homebuyers during the pandemic, Ko was happy to scrap Austin's downtown for more space. Because she works from home, she said she and many of her friends are looking for bigger homes and bigger lots in hot areas like Dripping Springs.
Ko had the option of moving into already-built homes within the neighborhood but opted for a custom-built home instead—something that Horton said is another draw for prospective homebuyers.
Austin influencer Jane Ko remodeled her kitchen after building her semi-custom home. (Jane Ko/A Taste of Koko)
Ko's kitchen remodel took months due to supply chain delays/ (Jane Ko/A Taste of Koko)
"The desire to be away from the person next door is really most of the time the deciding factor," Horton said. "And then there are those that want to have a house simply because they want to design it themselves, and so those are the aspects that make buying that raw land and building a house really important."
But building a custom home has its drawbacks. Horton said construction loans, land surveying, zoning restrictions and road access are all hoops that can be jumped through with an experienced realtor.
But even through the tedious and stalled homebuilding process, Ko said it's been worth it to create a home made just for her.
"This is a place that I'm hopefully going to stay in for a very long time," Ko said. "And I think because I do a lot of entertaining at home and shoot photos at home, it's really important that my space looks the way I want it to."
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In earlier phases of the pandemic, people took it as the perfect moment to uproot their lives to the newest boomtown. Many, particularly Californians, found a fit with Austin, enjoying the Texas weather and lower cost of living. But for some, it may only be a pitstop.
Melaku Mihret, who works remotely in Austin for a Meta office in the Bay Area, thinks some of the Californians who have moved to Texas in the pandemic may just move here temporarily, save money and then head back. Others have also speculated a possible reverse migration, but it may be too early to tell.
According to the Kinder Institute at Rice University, Texan migration to California has remained steady for years. And when it comes to Californians leaving, the institute says it's less about a pull into Texas and more of a push out of California driven by home prices.
But they're not all staying in Austin. U-Haul data shows departures from Austin were up 18% even as one-way arrivals were up 22% in 2021.
Melaku Mihret, a remote worker a Meta office in the Bay Area, is now living in Austin. (Andrea Guzman)
For Mihret, the biggest driver behind his move was the squeeze of costs in Northern California. If the cost of living wasn’t an issue, Mihret said he’d live in the Bay Area. So if Austin continues to become less and less affordable, would Californians go back?
For Mihret, not many places come close to what California offers. He points to the nature, such as the mountains and lakes, in California and the massive tech hub it is. Austin is “not even nearly close to California,” Mihret said, after acknowledging Austin's growth as an emerging tech hub.
Meanwhile others like Ian Davies, who grew up in Austin and left in 2011 when he was in high school, much prefer living in Austin.
His family had moved to Philadelphia, years passed and he eventually landed a job in financial operations at NBC Universal in Los Angeles, California. When the option of remote work during the pandemic came around, he longed to return home.
“I couldn’t wait to move back to Austin,” Davies said. “Not that I didn’t enjoy my time in LA. But LA is just a whole other beast than Austin.”
Ian Davies does remote work for NBC Universal in Downtown Austin in early January. (Andrea Guzman)
But a downside he says is it's become more expensive in the past year and half since he returned. The Austin-Round Rock-Georgetown metro area had the 12th highest change in a recent study on cost of living increases across the country. And among the nation’s top 10 tech hubs, Austin saw the largest year-over-year increase in average rent this past September, with an average of $1,647.
It's a cost of a growing city. Davies sees a positive in all the growth, as he enjoys living in a city with a diverse population, like when he was in LA.
“There’s a group of Austinites who are very against people moving here, and I’m definitely not part of that crowd. I want to share this city with other people. I think it’s awesome.”
He says he wouldn’t want to be anywhere else.
“I hope that Austin can keep its soul and keep its weirdness. Like blues and rock and live music,” Davies said. “I haven’t seen much of that change. I hope people that move here can adapt the spirit of the past and carry that.”
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