156: Dan Fleyshman | The Best Networking Activity

On this episode of Build Your Network, Host Travis Chappell interviews Dan Fleyshman the youngest founder of a publicly traded company in history, he then started an online poker company and is now an angel investor and helps people gain massive followings.

Here’s what Travis and Dan discuss in this episode:

  • About Dan Fleyshman
    • He was born in Russia, moved here and hosted a swap/meet weekly with his parents.
    • He and his mother moved to San Diego when he was 8, he went into hustle mode to make money.
      • He started to sell candy at school and flipped every week.
    • He trademarked “Who’s Your Daddy.”
    • He went to the Magic Clothing Convention and set up a booth next to FUBU.
    • He looks at all the comments and reviews of any business he wants to invest in.
  • Talk about trademarking “Who’s Your Daddy?”
    • He realized that none of the trademarks were there yet and they trademarked everything they could in as many places as they could.
    • They did the clothing side of things and licensed it out.
    • The whole ride was not perfectly uphill.
    • Started selling to department stores and chain stores.
    • Started an energy drink that tasted good under the same name.
      • They did a million in sales really quick.
      • They took it public and raised millions in one round.
    • Did you have limiting beliefs about money growing up?
      • He wanted to work his butt off and save money for college.
      • Everything was step-by-step for them.
    • How did your mother feel about this level of success?
      • He hired her multiple times.
      • His brother still does all of his accounting.
    • Tell us about your charity work.
      • It’s almost the 7th anniversary of the Model Citizen Fund making backpacks for the homeless.
      • It’s a 0% charity, he pays for absolutely everything and all donations go to backpacks.
      • This is his passion project.
    • Talk about the 1%.
      • People who are mad at the 1% are insane.
      • People who want to make money and do better for their family.
    • How do you make money?
      • It’s never been easier – dropshipping, rental property.
    • How will living below their means allow people to move up to the next level?
      • The more money you have to work with, it can then replicate and grow.
      • If you upgrade your lifestyle instead of investing, you lose a big investment opportunity.
    • How do you feel about a side-hustle?
      • He’s a big proponent and it’s the best time in history to do it.
      • People don’t need as much money anymore to get started.
    • What holds people back from being an entrepreneur?
      • Fear and themselves.
    • Talk about how you got into poker and some skills you’ve learned and applied to the business world.
      • When he was 18 he started playing poker because his family was in the business.
      • He would fly to Vegas on the weekends.
      • When he resigned from “Who’s Your Daddy” he started his own poker site.
        • This was before social media got as big.
      • The business side of it was the networking, he played poker to be around the people.
    • Talk about what are small, mid, and high stakes poker buy ins.
      • Small stakes is buy in for $100-200.
      • Mid stakes are $1,000 buy-in and you start to see interesting people.
      • High stakes poker is $10,000 and up buy ins.
      • There are tournaments where you can only lose what you bought in for.
        • You will meet a lot of celebrities, especially at charity events.
      • What are some tells you’ve learned during poker?
        • The poker table is all about human behavior.
          • Watch eyes and gravity (sitting up, slouching)
          • Body language, covering neck, etc.
        • How should people learn how to understand human behavior?
          • Google Joe Navarro.
        • Do you believe that what you know or who you know is more important, and why?
          • Who you know, you don’t need to know what other experts know.
          • You fast forward relationships, knowledge, etc. by who you know.
        • Tell us about a time where a connection led to a moment of success.
          • His best friend was the founder of Marvel Studios.
            • He threw a charity poker tournament on a cruise ship and his partner introduced him to a member of the foundation who became his best friend.
          • Last year a woman needed advice on how to throw a charity tournament.
            • He went upstairs and met the director of Arnold Schwarzenegger’s event.
            • He got to propose to his girlfriend while Arnold handed her the ring.
          • What is the #1 most important practice that has allowed you to build a network of that capacity?
            • He rarely asks for anything, he provides them things they can’t buy.
            • He throws his monthly events and charity events.
            • He sends people articles or things that are relevant to them.
            • He sends invites to events to people even though he knows they can’t come.
            • When he does ask for something, he’s very, very direct about it.
          • Talk to us about your event on September 1st.
            • It’s his birthday and he’s throwing his largest event ever.
            • 12pm start, 8 hours of speakers, all heavy hitters.
            • It’s being thrown at the Hollywood Palladium.
            • After all the speakers Wiz Khalifa will perform and from that point on it’s his birthday party.
            • All the speakers texted him asking what he wants them to talk about.

The Random Round:

  • What profession other than your own do you think it would be fun to attempt?
    • Poker
  • If you could sit on a park bench with anyone for an hour who would it be, and why?
    • Harry Houdini
    • He created infamy before there were any phones, tv, etc.
  • How do you like to consume content?
    • Videos
  • Give us a glimpse of your morning routine?
    • Wakes up and avoids phone for a few minutes
    • Goes through his phone and gets through emails and texts.
    • Gets everything prepped for the day.
    • No urgency to respond to everyone right away.
  • What is your go-to pump up song?
    • All I Do is Win
  • What is one thing you’re not very good at?
    • What he isn’t good at, he has people do for him.
  • What is one place where we can find you the most?
    • On all social media @danfleyshman <- especially Instagram.

Tweetable Quotes:

  • I’m obsessed with studying my competitors.
  • It’s easy to make money once you have money.
  • Rich people can buy whatever they want, but they can’t buy access, cool or information.

Resources Mentioned:

Buildyournetwork.co – Podcast website

BYN.media/fb – Facebook Group

elevatorbootcamp.com

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