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A Billionaire's Bet: The Best & Brightest

Aaron Goldstein

Aaron Goldstein's entrepreneurial career began at the age of 13 in Florida where he started a business selling T-shirts and other apparel for YouTube celebrities. As a sophomore at Wharton at the University of Pennsylvania, Goldstein co-founded Fever Smart, which makes a "smart" thermometer that monitors a person's temperature and is wirelessly connected to his or her smartphone.

The idea for Fever Smart came during his freshman year when one of Goldstein's college buddies, Collin Hill, was undergoing chemo treatment for Hodgkin's Lymphoma. Every night, Hill took his temperature to make sure he didn't have a fever, a sign that his compromised immune system had developed an infection. There were a few times he woke up in the morning with a high fever – one time so high that he had to be rushed to the ICU – even though he had a normal temperature before going to sleep. Hill bemoaned the fact that he couldn't monitor his temperature throughout the night.

Goldstein, Hill, and two others, put their heads together and came up with Fever Smart – a small device the size of a cracker which is taped under the patient's arm and sends temperature information wirelessly to a smartphone app. If the wearer's temperature gets too high, it sets off an alarm on the phone. During Goldstein's junior year, the company raised over $60,000 through an Indiegogo campaign and, after a year of work, Fever Smart was completed, tested and manufactured. Goldstein and his company now manufacture and sell the device to consumers for $130.

Goldstein was named College Entrepreneur of the Year by Entrepreneur Magazine (2014) and won UPenn's Innovation Prize just before graduating in the spring. The prize awarded him and his co-founders $100,000 towards the development of Fever Smart.

After the Schwarzman Scholars program, Goldstein will begin work at Blackstone in the real estate unit of the investment firm.

Goldstein's Indiegogo Campaign:

https://www.indiegogo.com/projects/fever-smart-the-smart-patch-thermometer-for-kids#/

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In a fascinating new documentary, CNBC goes to China to follow a group of young super-achievers from around the world as they confront a clash of cultures, language barriers, and unexpected turns – part of a new program founded by billionaire Steve Schwarzman and aimed at grooming future leaders.

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