SMALL BUSINESS
02/07/2011 01:09 pm ET | Updated Jul 28, 2011

Andrew Kortina And Iqram Magdon-Ismail, Venmo: 27 Million And Counting

Starting your own business is a noble -- not to mention exciting, rewarding and often crazy -- undertaking. The experience is an adventure, to say the least, and no two entrepreneurial paths are exactly the same, whether they result in fame and fortune or just a few hard knocks.

There are an estimated 27 million small businesses in the United States. And 27 Million and Counting is our attempt to capture as many of these unique, only-in-America success stories as we can. The premise is simple -- we give entrepreneurs 60 seconds to share their stories, in their own words. We hope they will inspire, inform and maybe make you laugh. This is Andrew and Iqram's story.

Name: Andrew Kortina and Iqram Magdon-Ismail
Company: Venmo
Location: Philadelphia
Website: www.venmo.com
Fun Fact: Andrew and Iqram met when they were randomly paired as roommates during their freshman year at the University of Pennsylvania.

WATCH:

The original version of this article appeared on AOL Small Business on 2/7/11.