How do you get the attention of serial entrepreneur and investor Mark Cuban? For 27-year old Breeze CEO Ned Ryan, there were two main factors: He built an innovative company and avoided the common mistakes many young entrepreneurs make.
At age 24, Ryan co-founded Breeze, a service that gives prospective Uber and Lyft drivers access to flexible, short-term car leases. The company leases Toyota Priuses, which it choose for the vehicle's fuel mileage economy, and charges drivers a weekly fee of around $195 that varies by city, plus a one-time fee of $99.
Breeze has raised $16 million in funds to date and counts "Shark Tank" judge Mark Cuban as an investor. While Ryan declined to disclose how much Cuban has invested, he said Mark Cuban's team approached Breeze.
"It's tremendously helpful to be able to bounce ideas off a successful entrepreneur like Mark," Ryan said. "I think he absolutely appreciates rethinking the infrastructure required to power new forms of transportation."
So what's this young entrepreneur's key to success? He credits avoiding (and learning from) these five mistakes that some young entrepreneurs make: