Nick Filchy is an entrepreneur who founded BangerBuddy, a college lifestyle brand with over 2.4 million followers on Instagram. Filchy has been featured in BuzzFeed and Future Sharks.
Early Life and Entrepreneurial Beginnings
Filchy grew up in Monroe, New Jersey and is the son of immigrant parents. He graduated from Monroe Township High School. When he was 16-years-old, Filchy created the app Bangerbuddy. He spent $5,000 of his own life savings to build the app which he described as "poorly designed." Although the app did not work out, he pivoted to starting an Instagram account for Bangerbuddy and marketed it as a college lifestyle brand.
Initially, Filchy had 10,000 followers when he decided to monetize the account and, in two years time, he grew it to 2.4 million followers.
Success and Expansion
Filchy's parents strongly encouraged him to go to college. He enrolled in Rutgers for one semester, but Filchy felt that college was taking time away from his business and was not teaching him anything valuable. At the dismay of his parents, Filchy dropped out of college to pursue Bangerbuddy full-time. One of Filchy's strongest motivations is to prove that one does not need a college education to be successful. Another motivation is keeping up with the competitive nature of social media and e-commerce.
Bangerbuddy's revenue stream comes from ads, hosting parties, and e-commerce products. Filchy grows the Bangerbuddy Instagram following by cross-promoting with other accounts known as the "Shout for Shout" technique.
In addition, Bangerbuddy hosts large-scale parties. Starting with house parties, Bangerbuddy soon moved to book events and have major guests arrive at the venue. The parties are located across the east coast and he plans to expand to Canada.
In the future, Filchy aspires to help other entrepreneurs through advising and funding their projects.