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According to The Guardian, Billy McFarland is the founder and Chief Executive Officer of the companies Spling and Magnises. The young entrepreneur was born in New York City, but grew up in Essex County, New Jersey. He briefly attended college at Bucknell University however he left his computer engineering program there during his freshman year in order to start up Spling.

Although it may seem young for a college freshman to start a company, Billy McFarland was an entrepreneur long before he attended college. At just 13-years-old he created his first business which was an online company that helped to match designers and clients.

At the end of his freshman year of college, Spling was created. Spling is an online platform that is designed to allow the users to create new appearances for their URLs. Spling has several high-profile clients including Universal and Discovery. The company is still in business and McFarland still serves as their Chief Executive Officer.

In August of 2013, then 22-year-old Billy McFarland founded Magnises. Magnises is the up-and-coming exclusive social club for millennials with events and deals that can only be accessed by a members-only black card. The card, currently only available in New York and Washington DC, will get the holder discounts in participating bars, restaurants, clubs, or even give them exclusive experiences at concerts or getaways.

McFarland is hoping that Magnises will soon be expanded to other cities such as Boston, Chicago, Los Angeles, London, and Atlanta. As of 2015, Magnises has over 10,000 members and is still growing stong.