Meet The Black Founder Of Parking Payment App Meter Feeder
Black founder Jim Gibbs decided to launch parking payment app Meter Feeder after facing challenges breaking into the software engineering sector.
Who is Jim Gibbs?
Jim Gibbs, co-founder and CEO of the digital parking app, Meter Feeder, has built an impressive portfolio in software engineering over the years. Despite his entrepreneurial journey being a lot harder than most, Gibbs has always believed in the success of his business model.
Jim Gibbs, a New York native, decided to move to Pittsburgh to attend Carnegie Mellon University as a computer science major. Due to financial difficulties, Gibbs decided to take on multiple jobs in between semesters to help fund his degree.
“We ran out of money real hard, real quick,” said Gibbs in an interview with Forbes. “For some strange reason, I couldn’t get software development jobs.”
After landing his first job in building medical software, the entrepreneur decided to drop out of school and pursue his dreams. Today, Gibb has made everything from medical software to mobile retail sales platforms.
Despite external criticism and being told by white investors that he had to be “more confident” and stop “underselling,” Gibbs has always stayed true to aligning himself with investors who believe in his vision and the future of his business.
Revolutionizing the parking payment industry
Since launching Meter Feeder in 2015, Gibbs has generated millions alongside his co-founder Daniel Loretto. The enforcement tool has revolutionized traditional parking services and has seamlessly allowed millions of users to pay for their parking through intelligent parking technology.
Meter Feeder has achieved many accolades, including joining Y Combinator’s early-stage accelerator program in 2016 and receiving $100,000 from the Google Black Founders Fund in 2021.
The company has already established a solid business model to help vehicles, e.g., FedEx or Amazon trucks, pay for parking through the company’s digital booking app. As a result, investors have recognized how vital Meter Feeder’s model is for the parking payment industry.
Additionally, Gibbs is currently talking with car manufacturers and government bodies about building applications that will make it easier for people to transfer money through internet-connected devices.