A High School Dropout Builds $1B Startup at 23 | Vise Samir Vasavada

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Today's story is about Samir, who operates Vise. Samir, unbelievably, started taking university classes at the age of 12 and founded his first company at the age of 13. Faced with the failure of his first two startups, Samir encounters new opportunities. He drops out of high school and moves to San Francisco's Tenderloin district. He lived there and he begins to grow his company. After numerous failures and challenges, his company reaches a corporate valuation of $1 billion. His age is only 23, making him the youngest person to own a $1 billion company. Let's meet his story in the video!
00:00 Intro
00:49 Chapter 1. A 13-Year-Old Builder
04:47 Chapter 2. Learning from failures
08:49 Chapter 3. Right people make better result
11:59 Chapter 4. Do what you're passionate about
EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)
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Subtitles for this video were created using [XL8.ai](xl8.ai/) machine translation.

Опубликовано:

7 июн 2024

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Комментарии : 424

@entreprenuership_opportunities 4 месяца назад

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@ab.normal. 3 месяца назад

This is one of the best, genuine entrepreneur interview ever online.

@nicholaswoods8840 6 месяцев назад

Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life

@luckywealth8639 6 месяцев назад

You are right.!

@luckywealth8639 6 месяцев назад

That is why I had to start forex trading 2months ago and l now am making benefits from it.!

@FranksPhilosophy Месяц назад

More like both. Sure you learn from mistakes and failures to make better things, but it’s with every small successful thing you achieve that builds momentum for more successful steps later on because it brings more and more confidence.

@mandateonmandalay7632 6 месяцев назад

This bro exactly knows what he's doing and what he's talking about. These are very impressive words to hear from such a younger person. As someone who deep dives into this industry, I can feel the every value he can provide since his teenage days. Congratulations bro you're amazing.

@OurFountainofYouth 4 месяца назад

Such an inspiring interview. Samir, absolutely love your grit, drive & determination! Congratulations to you & your team! All the best to you! 👏😃🎉🎊

@TalesOfTrillions Месяц назад

Love how Samir emphasizes the importance of learning from failures. It's not about how many times you fall, but how many times you get back up and keep pushing forward.

@la.vibracion 6 месяцев назад

bro has inspired me to give up💯💯

@JustTheHighlights 4 месяца назад

🤣🤣🤣

@brotherhood11111 3 месяца назад

@abi3751 2 месяца назад

Moral of the story 😂

@InFellowShip 2 месяца назад

Tell me why ? i have the inverse feeling

@Marcelosalasdubai 2 месяца назад

I’m married so I won’t never be billionaire 😢… 😂

@throwaway-lo4zw 4 месяца назад

congrats samir, seem like a hard working man, u deserve the success

@ellesunshyn 4 месяца назад

Such a bright and hardworking young man!

@NEO-wl9ox 4 месяца назад

such an astronomically flourishing and sophisticated guy, who dropped off genuinely mesmerizing perceptions and remarkable speech.As I am programmer who still trying to see light in tunnel , I think i should literally single out to this guy

@Khan_kpk007 6 месяцев назад

I am from Pakistan. Truly inspired by this guy. Hats off to this young guy..

@HT_Ray 29 дней назад

This kid is on a whole different vibration! Pure class

@ashwinkale2870 4 месяца назад

The way he convey his message 🔥!! Motivated

@Purefocussolutions 5 месяцев назад

He didn't give up, good stuff Samir 💯

@pocketgreetings6450 4 месяца назад

Excellent video! This young man knows his business, and knows how to do it and operate it. I am so glad I watched gives me great ideas and inspiration! Thank you.! 🎉🎉🎉

@galleon8129 6 месяцев назад

I love his straight talk and ambition

@DennisRiungu 4 месяца назад

One of the most inspiring founders I have listened to

@redgrant4897 7 месяцев назад

So, who incorporated the "consulting" business? Who provided the service agreements and contracts for the consulting business? Who provided liability protection if the 14 year olds AI advice hurt a Goldman client? How was the 14 year old able to attend school and also give investment banking presentations at the same time? Sounds like an Elon Musk story. So many missing details. The answer is that there are people behind the scenes pulling the strings.

@DK-ry8hr 4 месяца назад

Correct 👍

@lilyinthewater161 3 месяца назад

True

@exelgensets 3 месяца назад

Greta..fication has been done to this boy by his parents ! Greta Thunberg and this.boy operates on almost same operating system

@rajatverma1611 Месяц назад

whatever you think of...really doesn't matter. If you can just reflect back at the opportunities that you could have turned into business. But this mindset would really not gonna help you to start something great.

@trunk081 9 дней назад

So glad to see this is one of the top comments here. Do people never learn? Why is everyone so desperate for a hero to worship?

@SameerSameer-fp9lf 2 месяца назад

this is almost magical. Love the passion and energy in this guy.

@Eden639 4 месяца назад

I like this young guy, he is sincere.

@Anduardus 7 месяцев назад

wow what an inspiring and down to earth dude.

@Escape_The_Mundane 7 месяцев назад

This guy is genius. Inspiration to all.

@hardeepdhull8215 7 месяцев назад

Super duper session. Thanks EO team.

@Hardknock-grinders001 7 месяцев назад

Am really motivated by your story buddy thanks a lot and success as your scale and maintain your company ...good luck

@ReflectionOcean 5 месяцев назад

- Recognize the value of real-world problem solving over formal education (00:12) - Prioritize hiring individuals with the right mindset and customer focus (00:25) - Continuously iterate products based on customer feedback (07:35) - Maintain direct communication with customers to improve the product and sales (08:10) - Focus on hiring top performers and incentivizing them properly (09:19) - Embed customer obsession into the company culture (11:43)

@chrisvithuu 6 месяцев назад

What great advice we can get! It is truly a blessing that I came upon this video today. More especially, the value of "burning the boat."

@AwomKenneth 7 месяцев назад

one thing I can say for sure is that never ignore that hunger that calling that forces you to look unreasonable in the eyes of the society

@nitikapatil5340 7 месяцев назад

Kudos brother.Keep getting 1% better everyday 😊

@InFellowShip 2 месяца назад

Boy, with every sentence, I have to pause the video and take notes, because it's genuine.

@AsiaRomaria 5 месяцев назад

That was just pure gold....

@Cici.25 3 дня назад

I can feel the passion in building something better for the world through your words. Thanks for inspiring me. ❤

@jamestheleadgenguy 7 месяцев назад

This is the best founder story I've ever had

@TejasMittal182 9 дней назад

I don't say this often enough, but this is truly inspiring!

@user-wu2ks2ss7q 7 месяцев назад

What I have learned from this young dude is that, as long as you give something of value, the world will reward you for it. Age is just a number and tech has really revolutionized the world. Young guys are doing bug things because they are taking the leap of faith and doing the unthinkable.

@AbracadabraFC 7 месяцев назад

*big things :)

@daddy6757 6 месяцев назад

Business 101: Invent a problem, sell a solution and profit

@atharvakpatil 6 месяцев назад

yes us young ones are being bugs

@asbedkar 7 месяцев назад

Super insightful ! Love it

@shrix 7 месяцев назад

So honestly well said Samir, it's all about building the stuff

@plannerjoy 7 месяцев назад

9:01 “The right people that are thinking about solving the right customer problems, operating at the right speed, is what makes companies grow and scale faster.” Incredibly insightful quote for a 23 year old.

@evurohardware 6 месяцев назад

It's simply operating at speed with clear conscience, not sure if anyone particular is right people

@vamostimow 6 месяцев назад

His idea isn't worth 1b

@ricegum7583 4 месяца назад

Really inspiring, I like this guy and his ideals

@fillingswithtobydonut 4 месяца назад

He's a very good storyteller.

@ramonahill9633 6 месяцев назад

Amazing video! So inspirational

@borisk5256 2 месяца назад

i was spellbound untill he said , they were offering consultancy to great Banks at 14, chargin 500-1000€. At 14 without external support you can't just do that. That seems very irrealistic to me or at least the story is not complete or rather embellished. It is important to be transparent with people so that they have realistic expectations

@beastmode3600 17 дней назад

At 22 I need to do better and take chances. Bro is well spoked and intelligent.

@richardottum1 7 месяцев назад

It's not always what you know; but who you know and how you learned it. Educational is the key, but school systems are the locked up. That's another reason the added security lock is called a deadbolt

@Purefocussolutions 5 месяцев назад

Inspiring story about following you Passions 💯

@jaigangemata4166 7 месяцев назад

Wow! What a guy. I am like I have listended to 10 successful founders at one go. So wise!

@EasyCapitalArsh 7 месяцев назад

i teared up watching this. The confidence is commendable

@yytambaya3120 7 месяцев назад

Smart people speak these way

@BethanyNes77 7 месяцев назад

Wow powerful testimony go run and live for your passion. Thanks 🙏 for inspiration

@Brodragon2225 7 месяцев назад

yeah but those who are not from usa

@VietYork 7 месяцев назад

00:03 A high school dropout builds $1B startup at 23. 01:48 Started as teenage consultants for investment banks, recognized the need for technology in wealth management 03:31 Vise AI is an artificial intelligence platform tailored to investment advisors. 05:21 Overcoming rejection and raising funds for the startup 06:49 The founder learned from failures and had many iterations before launching the product. 08:34 Talking to customers is crucial for success in building a business. 10:22 Building a successful startup requires a shift in culture, hiring the right talent, and a problem-solving mindset. 12:06 Starting a company at a young age requires passion and determination. Crafted by Viet York

@vammotv5183 7 месяцев назад

you are using merlin for this

@alainportant6412 Месяц назад

@@vammotv5183 yeah this ai crap is longer than the video

@highnitin 4 месяца назад

Every word has a strong meaning, I can feel it 🙌

@worldbanks 4 месяца назад

Felt that too.

@ananthakrishnank3208 2 месяца назад

17 year old. He is profound. He is Vise! for his age.

@omkar6107 7 месяцев назад

I am surprised by the fact that he was consulting Investment banks at such a young age. At that age even our families don't take us seriously. Moreover, machine learning is such a deep subject. TBH, I am finding it hard to believe in his story. Having a 1B startup at 23 is believable because there are a lot of such cases now and really irrational valuations and pump and dump schemes and so on. Not saying his startup is not good.

@vamostimow 6 месяцев назад

Liarrr

@mustafabektas7207 4 месяца назад

finally.. someone with some sense. After building an app and getting into grad, they start to get paid 500-1000 dollars per hour to give their AI knowledge to top consultant companies... The companies that continuously hire the top talent in academics suddenly wanted to get prep talk from two guys who crashed into machine learning a year ago. And its not like this happened in 2010s, in a time era maybe companies didnt know much about machine learnings capabilities... Its in 2020s. Thats bizarre. Not saying they are lying, but there are some missing pieces here.

@thomas0086 2 месяца назад

Yeah, like how was it possible to learn those topics and code them at that level in a year for major banks who literally rejecting some ivy leaguers with PHDs, I’m not saying it’s impossible, but must be a genius.

@FinancialPaul Месяц назад

Thank you

@iam-Coder 6 месяцев назад

Thing to keep in mind "NOT EVERY DROPPER is SUCCESSFULL"

@e.a5612 6 месяцев назад

Fr , which dropout is going to make a vid if they are unsuccesfull. you only hear the successes

@PO-sw7in 6 месяцев назад

no every graduate is sucessful whats your point? Work hard dropout or graduate or not even go

@barkakashtu8699 6 месяцев назад

valuable advises for startups,

@mesumasghar3328 4 месяца назад

Inspiring!

@leon2385 4 месяца назад

Amazing!!

@reprovedcandy 7 месяцев назад

I respect absolutely everything about this guy... other than waiting till the platform was perfect to give to users, but it seems he learned that lesson!

@rolodexter 7 месяцев назад

🙌 Preach! It's all about finding that balance between perfectionism and getting the product out there for people to use and enjoy. It sounds like Pinokio's creator has definitely figured that out and learned from past mistakes. Now, we can all enjoy the fruits of their labor and have a slick, all-in-one AI tool at our fingertips. It's like having a digital Swiss Army knife for all our AI needs! 💪 Talk with Pi This early version of Pi can make mistakes. Please don’t rely on its information. Voice off

@startup_404 6 месяцев назад

Together we can start something. I am 2nd year engineering student.🤘🤘

@josippardon8933 3 месяца назад

Very impressive!

@K1NGW0LF 3 дня назад

This guy is a high-school dropout, while I possess two degrees, three trade certifications, and am not even close to launching a startup and he's a genius!

@chautatsing1813 5 месяцев назад

👍Very inspiring.

@H4R4. 7 месяцев назад

Man he's immensely knowledgeable....great guy to look upto and excited to see what he builds in the future....!!

@danielyang3995 Месяц назад

This guy has light in his eye,he's really a dream chaser!

@stefcon2000 2 месяца назад

Okay, start of the story doesn't end up. No top investment banks are taking advice from couple of 14 year olds and giving them that much money. You need to have some serious connections for you to get to that spot, and even if you're consulting, 14 year olds won't know how to set up their consulting firms. So good job, but there are some crucial information missing here

@rahrjiyanin8072 4 месяца назад

I love seeing immigrants changing the world! ❤ Congratulations & thank you!

@izakmizrahi8569 6 месяцев назад

Impressive stuff. You can tell he's watched many interviews of the top 10 richest men in the world though, this interview is a regurgitation of all their go to answers.

@jobbahart-sc9mv 4 месяца назад

damn so he's just reading a script basically. I just wasted 14m

@7573ztcal 4 месяца назад

"Lived in a place called Tenderloin" - Won me here! IT startup folks go to Sand Hill Road Palo Alto, not Tenderloin San Francisco. He found love in a hopeless place? :) Samir will go places!

@nizamphoenix 7 месяцев назад

"I really didn't give my parents a choice" -- Uno reverse in action there 😎

@FinGrear 7 месяцев назад

I didn't become financially independent till I was 40 ,in addition to buying my second house, I'm also making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.

@kwameowusu-apenteng1303 28 дней назад

Did people hear he say there was an investment banker at his summer camp who directed them to consulting for these banks? Evidently, this same person setup their billing and business structure for them. Yes, they had great help. And everyone needs support.

@pontusdorsay4673 12 дней назад

With that level of dedication this startup demands from their employess, they better get some incentive. Too many companies nowadays expect emloyees to go over the moon for the company when they get nothing from the companies success.

@ahmedeensaeed991 2 месяца назад

Incredible language

@Purefocussolutions 5 месяцев назад

Damn by tenfold 🔥

@godseye4665 7 месяцев назад

I like this person.

@marchlopez9934 7 месяцев назад

Summary: Samir Vasavada, co-founder and CEO of Vise, dropped out of high school to pursue his passion for technology and building things. He and his co-founder initially started building apps, but after consulting with large investment banks on AI and machine learning, they saw an opportunity to build technology to automate the investment workflows for financial advisors. They built their first prototype at 15 and, after being advised by Jamie Dimon to look at the independent financial advisor market, discovered a massive market they could serve. Vise now helps advisors build personalized portfolios, manage those portfolios, and explain them. Vasavada believes that the right people who are thinking about solving the right customer problems and operating at the right speed are what make companies grow and scale faster. He also believes that the smartest people don't necessarily have to go to the best universities to be successful.

@kennywismopow9607 5 месяцев назад

Nice summary 😊

@mwaikariithi6317 5 месяцев назад

Well summarised 👏🏽👍🏼

@patricijaradojicic4299 7 месяцев назад

Such a great inspiration!

@jacobmacleod3981 12 дней назад

Shout out to him for living in the tenderloin and still being a sober, high functioning human being.

@Arunnnnnnue 6 месяцев назад

first 3 min speech is from steve jobs inspired after that elon musk ( about risk) Both are the great insprition to all

@sputnik8543 7 месяцев назад

These stories all sound great - but after SBF, Elizabeth Holmes and Charlie Jevice - very skeptical when seeing a young startup founder claiming success

@TheBlackManMythLegend 7 месяцев назад

exactly. wise.. I mean vise statement ;) too good to be true most of the time... its too good to be true. especially when they say.. I am disapointed by people from big school or education. I smirk.. in high school

@kaynkayn9870 7 месяцев назад

Not just young founders, anyone that can make money that quickly must be doing something great or something really unethical.

@Blueskies7775 2 месяца назад

Great story but it’s really hard for me to trust someone who doesn’t blink. 😣

@swaminathangnanasambandam7940 Месяц назад

He nailed down what worlds best mba can't teach

@kyokushinfighter78 6 месяцев назад

Wait. 13/14 years old, not even finishing high school, become a consultant to a large investment bank charging big money. Am I living in the wrong country here? I have 20 years of experience in AI with a Ph.D. in ML and am still undergoing a lengthy bidding process for an AI consultant role in ANY institution.

@Mandelasmind Месяц назад

I honestly think people lie or misrepresent details to sound more credible.

@tamsirniang5964 6 месяцев назад

Hi! May you please give me the name of the background music starting at 9:30?

@-BarathKumarS 7 месяцев назад

He is a child prodigy,bound to suceed no matter what. Look at his history,was taking University level classes by the age of 12. I bet his parents are geniuses working as professors at top universities,high IQ runs in families. Edit:And look at the opportunities he got when he was just 12,his parents set him up with a summer program at a top CS School. How could one even get that on their own? This is called privilege my friend,no 12 year old is getting something like that unless his parents are well connected to the CS academic industry.

@Brodragon2225 7 месяцев назад

truuu he was made by his parents

@Brodragon2225 7 месяцев назад

at that age we cant think of that

@DropBox-jx6yr 7 месяцев назад

This was the comment I was looking for.

@vinaypalwe 7 месяцев назад

COPE this is what losers do always

@-BarathKumarS 7 месяцев назад

@@vinaypalwe lol where's your $1 billion company?

@ujwalsahu-mg8jh 7 месяцев назад

4:00. Risk🔥

@pedro.zurita 4 месяца назад

When I almost hear myself say "I can't"...I will instead hear "I was sleeping on a dorm floor to make sure our business didn't fail"

@EqualToBen 2 месяца назад

7:28 this kid is wise as fuck

@chintanudani5631 7 месяцев назад

he said valuation of 1B but on what parameters? See brand value of company and actual value of company depends on several parameters

@plannerjoy 7 месяцев назад

10:38 We’re a company that’s figuring it out, that’s going to win because we’re all problem solvers, we’re all thinkers and we’re all hustling to make it happen.

@worldpeace1822 4 месяца назад

Yeha but you also need money to make it 😅 just like him with his investors

@soccersprint 5 месяцев назад

Smart kid

@rolodexter 7 месяцев назад

Wow, that's a truly inspiring story! Starting a company at 13, overcoming failures and challenges, and then building a billion-dollar business by 23 is no small feat. Samir's determination and resilience are truly remarkable. It's also pretty amazing that he was able to bootstrap his business before getting funding from some of the biggest names in venture capital. It really shows that with hard work, passion, and persistence, anything is possible. This is a great example of how grit and perseverance can pay off in a big way! 💪

@CrazyRocks29 6 месяцев назад

My parents sent us to a summer program. Investment banker mentor.

@longboarderanonymous5718 18 дней назад

"Talking to the right person."

@fadedsedated 6 месяцев назад

what i want to know is, how tf did you learn the nitty gritty details of asset management, portfolio optimisation processes and investment advisory to be able to identify EXACTLY where the inefficiencies to exploit were, WHILE AT THE SAME TIME LEARNING THE MACHINE LEARNING KNOWLEDGE AND MEGAPLATFORM-TECHNOLOGIES TO PRODUCE A PRODUCT?!?!? bro, i study both of these areas purely because i love them, and i'm not even close. AND I'M THIS DUDES AGE. i so badly wanna work these guys man

@purpleey 6 месяцев назад

i guess theyre just built different

@simonchristian160 6 месяцев назад

you dont need to know everything, you can build a well rounded great team

@AJ-nd4nk 4 месяца назад

Some humans are meant to excel much faster than others. He is probably in the upper echelon percentile of IQs. It's like asking how Newton was able to invent differential calculus at 26, whilst most that age today can't do basic arithmetic.

@alainportant6412 Месяц назад

@@purpleey he's a bullsht artist

@cliffpollard6975 7 месяцев назад

I don’t believe his whole story. It doesn’t add up. Why would bankers hire a 13 year old and pay them 1,000/hr to consult.

@IbbiAhmed 7 месяцев назад

+1 but it kinda makes sense too, since they hire him to learn more about technology and AI. but 1k/hr is a bit... sus

@chandlerfreeman1633 7 месяцев назад

In a bull market every loss making company and dumb decision makers gamble, btw none of those companies make profit, not even single $

@eddie6167 7 месяцев назад

I was thinking the same thing. Bro said he lived in the tenderloin but made all that money too.

@mohammadaqdas7998 7 месяцев назад

@@IbbiAhmed I think he mistakenly say that

@GodofStories 7 месяцев назад

its not really a rags to riches story. They're semi rich kids with networks and Indian parents for support. btw im indian too

@karthikvijay 7 месяцев назад

Is this video reuploaded ?

@patrol2omega 3 месяца назад

Where's the link of his business?

@ajay7079 2 месяца назад

You inspired me so much thanks 😊💯👍

@DennisSmithGrandCayman 6 месяцев назад

Well done. Sounds easy in hindsight but this was incredibly difficult to evolve. It wasn’t an invention. It was Chaos stumbling towards a desire. The goal eventually defined itself. Not the stuff taught in business school. You can’t think out of the box. The box will always be lingering and hindering your thinking. I dropped out after the 10th grade and created many businesses all of which I walked away from. Left millions on the table and didn’t care. A different mindset. Glad that I never went to school. Well done!

@AnomalyBelleza 4 месяца назад

Excellent comment. I really enjoyed reading it. I surely would love to hear your story more in-depth. I like how you said, chaos, stumbling towards a desire. 👌Accurate way to frame it.