{"id":412,"date":"2019-08-23T18:54:21","date_gmt":"2019-08-23T17:54:21","guid":{"rendered":"http:\/\/ucd.emarkable.ie\/?p=412"},"modified":"2020-09-04T11:34:09","modified_gmt":"2020-09-04T10:34:09","slug":"the-forbes-factor","status":"publish","type":"post","link":"https:\/\/alumni.ucd.ie\/magazine\/2019\/the-forbes-factor\/","title":{"rendered":"The Forbes Factor"},"content":{"rendered":"\n

SUCH IS THE<\/strong> kudos of making the cover of Forbes <\/em>magazine, pop star Bruno Mars sang about it in his 2010 hit, \u201cBillionaire\u201d.<\/p>\n\n\n\n

It was billionaires, who took big, bold, brave risks, that were part of the fascination for Bertie Charles Forbes and Walter  Drey when they founded the magazine that planned to \u201ctell the vital stories of those who run successful companies, and to capture the human side of business and finance\u201d in New York, in September 1917.<\/p>\n\n\n\n

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Prescient definitely, Forbes<\/em>\u2019 initial interest in the affluent has been matched by their predictions of next generation influencers. Within the Forbes <\/em>media empire focusing  on business, investment, entrepreneurship, lifestyle and leadership, it is their annual lists which range from \u201cThe World\u2019s Youngest  Billionaires\u201d, \u201cThe  World\u2019s Highest Paid  Entertainers\u201d and  a \u201c30 Under 30\u201d, which now hold the biggest fascination. Once on a list, an organisation, individual, start-up or idea gains global recognition. Forbes<\/em>\u2019 USP, the founders claimed, was to be its humanity: \u201cBusiness was originated to produce  happiness, not to pile up millions\u201d. Forbes <\/em>weighs up the value of candidates, both in terms of money and in their greater contribution  to society, before deeming them worthy of an accolade. Every individual on the list has achieved something substantially and quantifiably great.<\/p>\n\n\n\n

Nominees for  the \u201c30  Under  30\u201d Europe list are selected from 34 European countries and 22 non-European countries. The odds of making it onto the list are tougher than entry to Stanford or Harvard universities. Ireland is well represented over the years (by actor Jessie Buckley, fashion designer Richard Malone, Munster rugby international Peter O\u2019Mahony, MMA champion Conor McGregor, Feel Free Medical founder Edel Browne and Ciara Clancy, founder of Beats Medical, among others) and UCD increasingly so.<\/p>\n\n\n\n

Lady Gaga, Ronan Farrow, Joseph Altuzarra and Mark Zuckerberg were high-profile honourees on the inaugural \u201c30 Under 30\u201d list established in 2011. The initial aim was to showcase 600 people under 30 who mattered  globally. It has now extended to include the top 30 people in 23 categories, from Art & Style; Consumer Technology; Education and Energy to Enterprise Technology; Retail & Ecommerce; Science & Healthcare; Social Entrepreneurs and Venture Capital. In 2016, 15,000 nominations were received for these lists.<\/p>\n<\/div>\n\n\n\n

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UCD\u2019S 30 UNDER 30 WHO FEATURED IN FORBES<\/em> <\/h3>\n\n\n\n

UCD engineering graduate Colin Keogh <\/strong>was nominated in the Science & Healthcare category in 2017. \u201cThe first indication I was under consideration was when I received an email letting me know I had been shortlisted,\u201d he says. Keogh is co-founder of The Rapid Foundation, which provides technology like 3D printers and low-cost electronics to those who need it most in developing countries. The Rapid Foundation has already reached  more than 5,000 people through education and outreach events and has trained more than 50 people in 3D printing, modelling and innovation. <\/p>\n\n\n\n

When Keogh was invited to the nomination party in London, he couldn\u2019t make it because of work commitments. \u201cI like to be busy,\u201d he says modestly (he is currently finishing his PhD to be completed in December) and received confirmation of his award via email. Since then he has participated in the frequent \u201c30 Under 30\u201d summits held in Asia, US and Europe.<\/p>\n\n\n\n

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Colin Keogh<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Sally Hayden<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Kevin Glynn<\/figcaption><\/figure>\n\n\n\n

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Sam Blanckensee<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n

\u201cI go to as many as I can, most recently I was at the summer retreat in Bratislavia, Slovakia. It\u2019s an amazing opportunity to access a global network.\u201d Keogh\u2019s inclusion in the Forbes <\/em>\u201c30 Under 30\u201d Europe  list was just the beginning. In 2017 alone, he won Junior Chamber International Top Outstanding Young Person  2017,  the Nissan Generation Next Ambassador 2017 and IT & Tech Professional of the Year 2017 at the Early Career awards.<\/p>\n\n\n\n

As UCD alumna and Forbes <\/em>\u201c30 Under 30\u201d honouree Sally <\/strong>Hayden <\/strong>told The <\/em>Irish Times, <\/em>\u201cThis sort of recognition offers a boost: a reminder to carry on when things get tough again, as they undoubtedly will, and see what else we can achieve.\u201d Hayden, who graduated from UCD with a law degree, was awarded in the Media & Marketing category this year and was in northern Uganda on assignment interviewing a south Sudanese rebel when she received the news.<\/p>\n\n\n\n

An investigative journalist, Hayden has written on migration, conflict and humanitarian issues for Irish, UK and international titles including TIME, The <\/em>Washington Post, Newsweek, Die Zeit <\/em>and HuffPost<\/em>. Most recently she was named Foreign Correspondent of the Year at the Newsbrands Ireland Journalism Awards, 2018. Getting into Forbes <\/em>is hugely significant, but it\u2019s not the whole story or the final chapter of her career. Since 2016, Hayden has been a mentor for the Refugee Journalism Programme, which helps exiled journalists restart their career.<\/p>\n\n\n\n

The 2019 \u201c30 Under 30\u201d Europe list also featured Kevin <\/strong>Glynn<\/strong>, a 2012 law and business UCD graduate, co-founder of company Butternut Box which delivers home-cooked dog food. The former Goldman Sachs trader set up Butternut Box with a view to capitalising on the \u00a31.3bn annual market in the UK for dog and cat food snacks, currently dominated by two companies. Glynn told The <\/em>Independent, <\/em>\u201cButternut Box makes it easy and convenient to ensure dogs get the very best diet tailored for each individual.\u201d<\/p>\n\n\n\n

Since its inception, the company has diversified into snacks, toys and wellness products. The company has raised \u20ac21m in funding to date, employs more  than 70 people, and has delivered more than eight million meals to dogs. Revenues are expected to grow by 300 per cent in 2019. In addition, for every new client, Butternut Box donates a meal to a sheltered or homeless dog.<\/p>\n\n\n\n

Tech entrepreneur and UCD student Shane Curran <\/strong>had been used to success before being featured on the Forbes <\/em>2018 \u201c30 Under 30\u201d list and is the epitome of what Forbes <\/em>calls a \u201cyoung disrupter\u201d. BT Young Scientist Individual Winner in 2016 and BT Young Scientist overall winner in 2017, he founded qCrypt, a company that promises next-generation post-quantum security solutions to businesses. He was initially inspired by Limerick brothers, John and Patrick Collison and  their  payment tech firm Stripe. He spent time in San Francisco honing his ideas, and is now focused on his start-up, Evervault, which provides developer tools and application programming interfaces that allow companies process personal data without seeing, storing or handling it.<\/p>\n\n\n\n

Sam <\/strong>Blanckensee<\/strong>, a UCD veterinary nursing graduate, made the Forbes <\/em>\u201c30 Under 30\u201d Europe list in 2017 for his activism in the Law  & Policy category. He describes the process as \u201csurreal \u2013 someone suggested I put myself forward; it was not something I considered myself.<\/p>\n\n\n\n

I wrote a short application piece and forgot about it as I was involved in other things.\u201d At the time, Blanckensee was the National Development Officer of the Transgender Equality Network Ireland (TENI), and in this capacity he helped to have gender recognition legislation passed in Ireland. This legislation allows citizens to self- declare their gender and receive new birth certificates, a transformative human right for Irish transpeople.<\/p>\n\n\n\n

Since Blanckensee\u2019s award he has been invited to Forbes <\/em>summits in Tel Aviv and beyond though has been unable to attend \u201cWhen you work in the non-profit sector you have to keep going.\u201d Blanckensee has gone on to become the National Membership and Campaigns Officer with the Irish Traveller Movement, and is still actively involved in the TENI community.<\/p>\n\n\n\n

\u201cThis sort of recognition offers a boost: a reminder to carry on when things get tough again and see what else we can achieve.\u201d<\/strong><\/p><\/blockquote>\n\n\n\n

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Barry Canton <\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Denis O\u2019Brien<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Dara \u00d3 Briain<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Shane Curran<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n

UCD alumni have been featured in Forbes<\/em>, some as interviewees, others as authorities in their respective industries.<\/h3>\n\n\n\n

In 2104, his potential was recognised with UCD\u2019s President\u2019s Award for work advocating for the human rights of transgender students in and outside college. Being included on the 2015 \u201c30 Under 30\u201d list undoubtedly bolstered Donal <\/strong>O\u2019Sullivan<\/strong>\u2019s already stellar career. Having studied economics and finance at UCD, before pursuing a masters at the Michael Smurfit Graduate School of Business, he went on to become director of mergers and acquisitions at Eli Global, the US investment company, at the age of just 28. In 2017, he won Consulting & Advisory Professional of the Year at the Irish Early Career Awards.<\/p>\n\n\n\n

What can we learn from these UCD honourees? In addition to their talent they laid the groundwork for their enormous potential early. As Sir Ronald Cohen, the father of venture capital and keynote speaker at the 2017 Forbes <\/em>summit in Israel said, \u201cStart young. Think big. Stick with it. Do these three things and you\u2019ll be successful.\u201d<\/p>\n\n\n\n

As a by-product of a Forbes <\/em>award, honourees have access to private networking groups, summits and exclusive events. Keogh explains, \u201cI\u2019m part of two WhatsApp groups set up by Forbes <\/em>for Social Entreprise and Energy, and also have access to private Facebook, LinkedIn and social media networks, where I have been able to connect with speakers and judges and get advice.\u201d<\/p>\n\n\n\n

If Forbes <\/em>founders Bertie Charles Forbes and Walter Drey\u2019s aim was to tell stories, to put \u201chumanity\u201d into business, several UCD alumni are behind the facts, figures and statistics of the business world.<\/p>\n\n\n\n

In a Forbes <\/em>interview in 2019, US-based UCD engineering alum Barry <\/strong>Canton <\/strong>discussed being one of five founders of billion-dollar company Ginkgo Bioworks, an organism design company that replaces manufacturing processes by using biology to re-programme cells. Aside from being an interesting story about the growth of a business, and scientific advancements, the interview delves into the human side of the story: Canton is an emigrant to the US, a former international student of MIT, who just missed the immigration-limiting impact of the Trump administration. Even with a permanent residency things would have been different for Canton had it all occurred a few years later. \u201cMy path  to being an employee and a founder at Ginkgo would have been substantially different if Optional Practical Training [a programme the Trump administration wants to curtail] was not around.\u201d<\/p>\n\n\n\n

Other UCD alumni have been featured in Forbes<\/em>, both online and in print: some as interviewees, others as authorities in their respective industries.<\/p>\n\n\n\n

In a 2015 feature on Irish design, Forbes <\/em>spoke to Karen <\/strong>Hennessy<\/strong>, CEO at Design and Crafts Council of Ireland, who graduated from UCD with an MBA in 2002, about the changing design landscape, reacting to the recession and consumer demand. Grainne <\/strong>Conefrey<\/strong>, who studied Sports and Exercise Management in UCD and graduated in 2010, was cited in a Forbes <\/em>article in 2015 as Orreco\u2019s product development manager and co-founder of FitrWoman, an app designed to adapt the menstrual cycle into athlete\u2019s training schedules. Dara \u00d3 Briain<\/strong>, mathematics, chemistry and theoretical physics graduate of UCD, was featured in Forbes <\/em>in 2011, when a clip from his 2008 DVD Dara \u00d3Briain Talks Funny \u2013 Live in London <\/em>was shared. And in 2011, Denis O\u2019Brien<\/strong>, who graduated in 1980 with a BA in History and Politics, was interviewed about his charitable causes, human rights and his Digicel business.<\/p>\n\n\n\n

Taken in context, these interviews are significant. Forbes <\/em>magazine has a magazine readership of 6.4 million, 71 million monthly visitors to the website from the US alone, and 40 licensed local versions of Forbes <\/em>worldwide; its influence is vast.<\/p>\n\n\n\n

That UCD alumni are part of the Forbes <\/em>conversation and community commands respect and is validation of their work and formative education.<\/p>\n\n\n\n

With such impressive precedents, it\u2019s only a matter of time before a UCD alum is one of Forbes<\/em>\u2019 cover stars.<\/p>\n\n\n\n

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Grainne Conefrey<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Donal O\u2019Sullivan<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Karen Hennessy<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Written by<\/strong> Penny McCormick<\/em>
Reporting<\/strong> Louise Lawless<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

SUCH IS THE kudos of making the cover of Forbes magazine, pop star Bruno Mars sang about it in his 2010 hit, \u201cBillionaire\u201d. 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