MONTGOMERY -- Glen Nothnagel, founder and CEO of online commerce company sellbackyourbook.com, was named an honoree in the 2012 Empact100, an awards program that recognizes young entrepreneurs.
Awards sponsor Empact recognized Nothnagel's company as one of the United States' "Top 100 Companies Started by Young Entrepreneurs. " Empact is an organization that focuses on making entrepreneurship a viable career option for everyone around the world.
"sellbackyourBook.com is honored to be recognized as part of this year's Empact100," said Nothnagel. "Small business and entrepreneurship are a very important part of getting the U.S. economy back on track, and I am grateful to Empact for shining a light on successful young entrepreneurs, like myself, and providing us with the educational programs, tools and inspiration that we need to continue to succeed as small business owners."
Nothnagel, who was also honored in 2011 as one of the "Top 25 entrepreneurs under the age of 25" by Bloomberg Businessweek, started sellbackyourBook.com in 2008, at the age of 20 during his sophomore year in college. He came up with the idea after realizing that few textbooks were being bought back by his college bookstore at the end of each semester.
In 2009, sellbackyourBook.com expanded, launching a website for consumers to get cash for unwanted CDs, DVDs, and video games. sellDVDSonline.com has purchased more than 350,000 items from individuals. Later this year, sellbackyourBook.com plans to start buying cellphones and other consumer electronics. The company currently has 17 employees and is located in Montgomery, Ill.
Empact100 honorees include the top 100 companies in the Empact Showcase, a compilation of the United States' leading entrepreneurs who are age 30 and under, and whose annual revenues or operating budgets (for nonprofits) are more than $100,000. In 2012, the companies comprising the Empact Showcase contributed more than 8,000 jobs to the economy, and controlled $1 billion in revenue.
"The annual Empact100 and Empact Showcase are both a testament to the impact that entrepreneurs are making on our economy, and an inspiration to aspiring entrepreneurs," said Sarah Green, Co-Founder, Empact100. "We are proud of all of the 2012 Empact100 honorees and pleased to support them by celebrating the spirit, dedication and hard work that has made them successful entrepreneurs."