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Adam Farrell Discusses Challenges of Balancing Company and School and Maintaining Positive Cash Flow

Speakers for this podcast

  • Founder , Silicon Solar
  • male
  • Caucasian
  • 1984 (Age: 40 years old)

Biography

Adam Farrell founded Silicon Solar when he was 15. It had a single product, a raw solar cell for use in educational kits, and was based in his bedroom. Today there are about 260 products, a busy Web site, sales are growing at about 10 percent annually, and the company is putting a large addition on a building it moved into last year.

Farrell owns 60 percent of the corporation. His older brother, Matt Farrell, a 24-year-old Cornell graduate, serves as vice president and owns the rest.

Adam Farrell expects to graduate in December 2006 with a degree in Applied Economics and Management from Cornell University.

I think we made like $30,000 the first year which ... that was profit and you know, at 15 that's like awesome. So we took that money and just kept reinvesting it, you know, from day one to now, we keep reinvesting the money and that's pretty much how we got you know, throughout high school I kept d...(Full transcript available to logged in subscribers.).

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