Author: Lisa Ellen Niver, CAS’89
Studying at the University of Pennsylvania, I learned fast and worked hard. As my studies focused on science and liberal arts, I never took a class in finance even though The Wharton School is renowned the world over for business. While watching Shark Tank on television, I feel that I am finally getting an education in economics.
Several of my favorite things (University of Pennsylvania and Shark Tank) came together when Ryan Frankel and Kunal Sarda appeared on Shark Tank to seek funding for their app, VerbalizeIt.
These Wharton School Grads bonded over their travel disasters and decided to make a difference. They have taken a lesson from Ben Franklin who said, “Tell me and I forget. Teach me and I remember. Involve me and I learn.” Their medium for communication is a translation platform that “promotes cultural exploration and global trade while also creating employment opportunities for the vast network of multilingual individuals across the world.”
After Frankel was sick in China and unable to get medicine due to the significant language barrier, he knew travelers needed help. Together with Sarda, he created a reasonable priced service staffed with real people and crowdsourced for translation services. This multilingual platform not only provides assistance to individuals but now is also a full service translation solution for global businesses to communicate with international customers. VerbalizeIt can assist companies that want a fully multilingual call center or to translate a fifty page PowerPoint presentation. They can assist with translating video into multiple languages. They are ready to help any company be truly global!
As the planet continues to feel smaller due to globalization and increased access to travel opportunities, we have greater opportunities for misunderstanding. Frankel and Sarda survived their misfortunes and in creating VerbalizeIt are helping others enjoy their travels more and create connections through understanding. With their partnership with Rosetta Stone, they are raising money for Children International. It is possible to make money, do good and make a difference.
Frankel told me that being on Shark Tank “was a good experience as it forces you to answer questions and build your business in a way that you have to do anyway.” His advice to fellow Wharton students reminded me of the books, The Lean Start-Up and Running Lean. “Don’t test ideas in a vacuum. Don’t be afraid to put your idea out there and see what happens. Make sure what you are building is viable by making a Minimal viable product and get data from customers.”
Talking to Frankel, I realized how much he learned at the Wharton School of Business and how much he has to offer the world. I love that nearly twenty-five years after my own graduation from the University of Pennsylvania I am still learning from fellow Penn students and even from reality television!