Exploring the Future of Smartphones and Income Generation with Dan Novaes
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What sparked Dan Novaes' entrepreneurial journey?
Because at some point they're like, wait, you're buying all of this stuff from us. How many uncles do you have?
How many uncles do you have? And why do they need so many leather jackets in Brazil?
And now, Escaping the Drift, the show designed to get you from where you are to where you want to be. I'm Jon Gafford, and I have a knack for getting extraordinary achievers to drop their secrets to help you on a path to greatness. So stop drifting along, escape the drift, and it's time to start right now. Back again for another episode of the podcast of, like it says in the opening, man, gets you from where you are to where you want to be. And today, people. beamed through the interwebs live into the studio i got a cat that has invented something pretty cool it is a uh and no it's not going to be an infomercial if you're thinking that that's not what we do we do not take paid placement on this show it's not how this works i just generally thought this was pretty cool and i want to talk to the guy about it so he is the ceo of a company called mode mobile where he has created a way his goal in life what he's trying to do is stop
the income disparity, the wage gap, by allowing you to take your cell phone and turn it into a tool that makes money. So let's talk to them. Let's see. Let's see. Let's get the ins and outs of that business and learn all about them. Ladies and gentlemen, welcome to the program. This is Dan DeVayas. Dan, how are you?
i'm good thank you for having me john appreciate it you're good welcome man so dude you entrepreneurship is not something that is new for you it's not something you just started this is something you you've been doing your whole life right uh i've been yeah doing businesses ever since i was in high school so uh it's it's just kind of like in the dna and even before i knew the word entrepreneurship was uh you know i have these little tricks that i would do i guess as a kid you know to try and make a couple extra bucks i guess
How did Dan's upbringing influence his business mindset?
What did your parents do that would cause you to be born an entrepreneur? Tell me about you growing up.
Yeah. So, I mean, I grew up, my parents weren't necessarily entrepreneurs. They were like parents that did allow me to have, I think, a lot of freedom relative to my friends. Like I never had a curfew. I never had those type of kind of like rule sets. It was very like, you know, independence driven. So I think that was helpful. I think actually where the entrepreneurship really came was, you know, I grew up through two very different environments my whole life. I grew up in Southern Indiana. and Sao Paulo, Brazil, where I'm from originally. My family's from Brazil. And they're very different places. And I think the areas that I really started to really notice that difference as I was in my early teen years or going into sixth, seventh, eighth grade, was that things in Brazil were actually way more expensive, things that I cared about at least, like an Xbox or a car or whatever, because of this insane import tax.
And every time I'd go back to Brazil, my family would be like, oh, can you bring all of these electronics? Sure. I'm like, why? And so you realize that and you're like, wow, these are two places that as a kid you realize are, to me, they're different, but they're also the same. It's just people that I'm dealing with. But then I thought, wow, I could sell this stuff here, make a profit, vice versa. I could take stuff here and sell it there. And that's how my first business has started. And by the time I was a senior in high school, I was doing a couple million dollars a year in revenue.
Uh, you know, from one of those businesses, just simply arbitraging electronics from here to Brazil.
Um, that's where it started in Brazil. So basically, you know, uh, the thesis was like, I was like a eBay, uh, at the time, a titanium power seller, which, you know, for me, it was like a big title, you know, back in the day. And, uh, where it all started was, you know, I had a part-time job that I was working at Polo at the time I had just gotten a car.
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Chapters
8 chapters
1
What sparked Dan Novaes' entrepreneurial journey?
0:00–1:55
2
How did Dan's upbringing influence his business mindset?
1:55–4:17
3
What is the concept behind Mode Mobile?
4:17–6:12
4
How does Mode Mobile monetize smartphone usage?
6:12–7:55
5
What strategies does Mode Mobile have for global expansion?
7:55–10:38
6
How does Mode Mobile build a remote work culture?
10:38–11:59
7
What is the future of technology according to Dan Novaes?
11:59–14:08
8
How does Mode Mobile align incentives between users and advertisers?
14:08–53:59
Speakers
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