#17: Dan Fleyshman - Record-Breaking IPO Founder, Master Networker, and Philanthropist
Next Level Pros
Chris Lee
4.7 • 165 Ratings
🗓️ 17 July 2023
⏱️ 67 minutes
🧾️ Download transcript
Summary
In this episode of the Founder Podcast, host Chris Lee interviews Dan Fleyshman, the youngest founder of a publicly traded company in history. Dan shares his entrepreneurial journey, starting from his early success in the apparel industry to launching an energy drink brand and later an online poker site. He discusses the challenges and opportunities he encountered along the way, including going public and dealing with the legalities of online gambling. Dan emphasizes the importance of networking and building meaningful relationships. He advises entrepreneurs to go beyond superficial interactions and find common ground with people to create an emotional connection. He also stresses the need to maintain communication with contacts before making any business asks. The conversation delves into Dan's experiences in the online poker industry, particularly during the time when the FBI shut down several major poker sites in the United States. Dan shares how he had to manually pay back thousands of players and ultimately decided to close his own site due to the uncertain legal landscape. Despite the setbacks, Dan went on to become a consultant for Morgan Stanley and land consulting gigs with land-based casinos in Las Vegas. He shares his strategies for success, highlighting the importance of learning from others who have already achieved what you aspire to do. HIGHLIGHTS "I started researching everything about poker sites, like I was playing every site, asking every question, talking to executives, talking to the licensing people." "If you notice, people always ask, Where are you from? That's to find something relatable." "So once I had the 1500 bucks, I was like, That's it. I'm going to retire. It's over. I already know what I'm gonna do for the rest of my life." TIMESTAMPS 00:00: Introduction 03:07: A Young Entrepreneurial Spirit 07:54: Going Public 10:47: Stepping Away 18:03: Partners 24:02: Payback Time 27:11: Gaming 33:25: Creating Genuine Connections 41:35: Giving Back 53:01: What Motivates You Today
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Transcript
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| 0:00.0 | Welcome to the founder podcast, where we explore the journeys of some of the most successful |
| 0:06.5 | and inspiring entrepreneurs from around the world. |
| 0:09.3 | I'm your host, Chris Lee, a serial entrepreneur with a passion for building and growing businesses. |
| 0:15.6 | Throughout my career, I founded multiple nine-figure businesses and learned a thing or two about |
| 0:20.6 | what it takes to succeed in the word of business. |
| 0:23.8 | I want to share those lessons with you by searching out the coolest guests on planet Earth |
| 0:29.0 | and have them share their own incredible stories. |
| 0:32.1 | But this podcast, it's not just for entrepreneurs. |
| 0:35.2 | It's for anyone that's looking to be inspired by these stories of people who have overcome |
| 0:39.1 | incredible odds and create something truly remarkable. |
| 0:43.0 | So join me on this journey |
| 0:44.4 | as we explore the fascinating world |
| 0:46.4 | of entrepreneurship and meet the founders |
| 0:49.0 | that are shaping it today. |
| 0:50.8 | Let's dive in. |
| 0:54.0 | Welcome to another episode today. |
| 0:55.8 | I am joined by Mr. Dan Fleischman. |
| 0:59.1 | Dan is the youngest founder of a publicly traded company in history, absolutely crazy. |
| 1:05.0 | So he initially licensed his apparel company for $9.5 million at the age of 19, |
| 1:10.0 | and then he later went on to scale his energy drink product to over 55,000 retail locations. |
| 1:18.0 | So over the years Dan has launched a number of different businesses, one of the top five online poker sites globally. |
| 1:26.7 | He's thrown over 51 elevator nights, co-founded the $100 million mastermind experience has spoken over 250 business events. |
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