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Exclusive Q&A, Part III: Swish Goswami On His First Business, Winning First Award And What’s Next

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WealthLAB recently sat down with rockstar entrepreneur Swish Goswami, offering his takes on everything from being mentored by Gary Vee to becoming one of Canada’s top entrepreneurs before turning 20.

In our third, and final, installment of our exclusive, Swish talks about working with VCs and athletes, his latest venture and where’s he’s taking it.

How did you win your Young Entrepreneur of the Year award?

I was nominated for Startup Canada’s Young Entrepreneur of the Year in 2016 after building RafikiMedia, a full service media agency that helped non-profit organizations and political parties connect to younger people better. I was thrilled to win the regional award for Alberta and the national award a few months later.

How was that winning that so soon? And what happened to RafikiMedia? 

Felt amazing. I grew RafikiMedia to a six figure business. We had 21 clients from across the world and were able to catch the eye of big pages like Social Media Today.

What’s in the works now?

I just moved to Vancouver a few days ago to build out Trufan, a new-age media company building technology to help some of the world’s biggest influencers and brands identify and reward their top fans. We’re about to close our seed round and bring on some A-list celebrities, top Canadian VCs and NBA players into our team.

Can you share who? Let’s break some news here!

Nah, not yet. I’ll make sure to let you know when I can.

OK, OK, fair enough. So Trufan in Vancouver?

Yeah. We’re excited to be going through the League of Innovators incubator started by Ryan Holmes and to be able to work out of Hootsuite, one of the top social media companies in the world.

That’s what’s up. When’s Trufan going live?

We’re aiming to launch the Trufan platform in early October and will be launching a consumer media platform for the Indian market in mid-November.

What else is going on in the next few months and where can people connect with you?

I’m looking forward to speaking more under Speakers Spotlight, helping advise a few companies I really believe in and starting my book. I’m thrilled to have landed a publisher to back the project. If you’re still reading this—I appreciate it—I’d love to connect with you.

I always have time for conversations with interesting people and am hoping you’ll reach out to me via Instagram (@goswish) and LinkedIn (Swish Goswami).

ENTREPRENEURS

PODCAST: How To Make A Business Out Of eSports

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We’ve covered eSports in the past, the new billion-dollar industry.

What is eSports again?

Short for Electronic Sports, eSports equals professional competitive gaming. In other words, competitors play video games, while being watched by a live audience. Millions more watch the games online.

In this live podcast, former Deloitte partner and current investor/advisor of FazeClan—the top eSports crew in the world—shared some insights into how you can make a business out of eSports.

 

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ENTREPRENEURS

This Entrepreneur’s Led An IPO, ICO, And Actually Did What The McMahons Couldn’t. (Penetrate China.) Here’s How He Did It

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In the world of startups and entrepreneurships, you have a lot of talk, a lot of dreams, a lot of hype and — ultimately — a lot of disappointments.

But that’s life. It’s a small world. And it doesn’t take long to get found out if you’re not the real deal.

In this Q&A, however, we brought the heat.

David Chen is a Millennial entrepreneur with the experience of a Wall Street retiree.

Billion-dollar merger? Check.

Awards? Check.

Multiple startup exits? Check.

Successful ICO? Check that, too.

And perhaps, most impressively, Dave’s managed to do something even the McMahons of the WWE couldn’t — penetrate the Chinese market successfully.

In this Q&A, we ask him why entrepreneurs fail to raise money, even if they have a good idea (hint: ideas ain’t shit), the first thing you need to do, and, finally, what the best industries were.

Enjoy. 

Let’s get right to it. What’s the main thing stopping entrepreneurs from raising money?

Knowing their audience. You can’t assume that you know something and that it works at one region, but not the rest. It’s a relationship—and most of the times there aren’t relationships out there.

Secondly, you don’t approach someone in esports like you would in commercial. So my FaZe Clan pitch is different from my commloan pitch. 

When is the right time to raise money — and what’s the first thing an entrepreneur needs to do?

There is never a right time, there’s only a right project. Know all your answers, make it simple. If a 10-year-old doesn’t understand it, redo the pitch.

You’re on a number of boards of startups. What’s one you’re bullish on at the moment?

I love them all. Sharebert was named Forbes’ top 23 in tech innovation. Commloan has done over a billion in funding—and I’m a customer.

FaZe Clan is the largest esports team with 300M subscribers and 10B views last year. And Micamp 20/20 does the best credit card processing.

What’s the best startup play — or sector — right now?

Sharebert is a great startup play because the tech is there. The management team is there. The need is there. It’s just there.

FaZe Clan is great because they have the global market, viewership—and they’re different.

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W-key? Nah 📺 @cloakzy #Fortnite #FaZeUp

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What’s the next frontier for start up world.

I see China as the next market.

Why do you say that?

I say that because they have 44% of the world’s population. And if you don’t work with them it, they’ll just do it themselves.

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ENTREPRENEURS

How Real Madrid’s Cristiano Ronaldo Spends His Millions

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With a massive net worth that totals almost $400M, the 34-year old soccer player is also one of the richest sports stars in the world. With a string of deals, bonuses and endorsements coming his way, here’s how he spends his millions.

 

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