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Young Guns: Keeping the Books for Small Businesses
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20-year-old entrepreneur Jessica Mah is building her business around helping other startups track their cash
- Duration 4:20
- Date Jun 8, 2011
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20-year-old entrepreneur Jessica Mah is building her business around helping other startups track their cash
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Jessica -- does her best when she's thinking on her feet.
It's here in Mountain View California that this one year old aunt -- works out and works on into Niro.
The startup she founded with -- CEO and board and Lou.
And then that is what you think is the easiest thing for and this is honored to track their money it's completely automatic of this is on our -- up the either financially -- the service.
Well Tom what if Obama categorize -- for them.
We'll pick it down -- saying you know how much for spending on.
Or ever.
And in the video real time financial experts that's -- easy for me to digest your mind.
The trio who are all part of the state computer cloudy UC Berkeley.
Began working on the web site which is like a mint dot com -- your small business last July.
And into Niro was initially making money.
Until they raise capital murder.
-- -- profitable.
Time for people with very low salaries in August.
And then in September we released a million dollars that we could grow -- -- facts and which meant spending ahead is that.
That's part of their greater plan to expands and right now they're looking to hire.
And -- is not a factor just -- thirty year old co-founder Boyden -- You're thirty years old -- That's adults but here and here it's pretty old yes relatively home how does that make you feel.
-- we -- end of the company at thirty.
Actually right.
Act like a sixteen who puts us I think I don't act like a -- old.
I guess just and the -- -- -- -- The enthusiastic.
And -- work environment at this young started is culpable.
And it's that excitement at least as made him leave his higher paying jobs when not asked him to start engineer with there.
With like greater risk -- greater war.
And would like appreciate.
You know making it a paycheck and you -- -- and today.
If you want success -- on decent thing -- -- the world yet take risks and in the narrow provide opportunity with angry people.
So like why when I think this.
UK is most suspect.
-- -- happens actually stop anybody thank my parents both -- restaurants I've friendly restaurants for them so I understand the nature of that.
And even that sales cycle process was worth it.
-- -- that process seems to be working.
Since starting last July -- already has 151000.
Clients.
Most of whom are small businesses that have an average of 26 employees.
One of those clients is James Watt the owner of projected and YC which rents office based in Manhattan's aren't ignores.
He says he is a lot to keep track of an engineer now -- didn't do it.
The financial health is basically in the dashboard conference in London and now so -- can see how much is coming in as far as receivables -- -- tables.
-- can create budgets and it's on automatically tracked.
Right now there -- different price points depending on how many transactions the company makes per month through the -- -- site.
The -- says she hopes to one day make it three for small businesses until their cash flow positive.
We're not just -- -- for -- quick buck.
Like for going to be here for a long time so we -- we needed.
-- -- he's looking to be patient with her customers.
Must says she intentionally jumped in feet first with him.
Is it for young like especially for someone they.
Not make excuses for -- pushing off of this and this really -- this say.
When Democrats cooler that I am being first to get some real life experience.
There's really -- -- This is an incredible kind of started -- so I think.
Patient.
We're gonna excuses from this book -- Line.
And for more on this story go to in -- dot com and if you -- insisting -- -- know our email us at young -- at foxbusiness.com.
In Mountain View California I'm Christina Scotty.