I think we need more.... - Matthew Compton, Keynote Speaker at the First Nations Youth Summit

Matthew is a proud Wiradjuri man raised on Bunjalung Country and a successful Indigenous entrepreneur. Having began his career under well known Australian technology entrepreneur Bevan Slattery then went on to work with several data and machine learning startups in Sydney before soon co-founding two of his own technology businesses in the same space. Matthew is currently Co-Founder and Chief Operations Officer at Really; a startup that uses machine learning to provide early-detection of neurodegenerative diseases such as Alzheimer's and other dementias sooner, allowing sufferers to access drugs that were previously inaccessible due to maturity of the condition.

Below is a quick video Matt did for the First Nations Youth Summit on why he believes we need more... 🎙️🎥

https://www.youtube.com/watch?v=LbCnGp2uBz4&feature=youtu.be

 

Barayamal International Startup Tour

We are excited to announce that one First Nation youth from the First Nations Youth Summit will be joining Barayamal's US Startup Tour on the 3-14 September 2018, which includes attending TechCrunch's Disrupt event in San Fransisco (with over 10,000 other attendees) and visiting some Native American business hubs in New Mexico. 

Valued at over $3,000 (flights, accommodation and Disrupt SF tickets), this is a "once in a lifetime opportunity!". Let your network know about the summit and prize, and we look forward to seeing over 100 Aboriginal and Torres Strait Islander youth at the First Nations Youth Summit (a Barayamal event) later this month!

Limited tickets are still available via Eventbrite --> https://www.eventbrite.com/e/first-nations-youth-summit-tic…

 

Best Digital Storytelling by an Indigenous Australian

Barayamal Founder, Dean Foley was recently announced as the "Best Digital Storytelling by an Indigenous Australian" Award Winner at the 2018 Australian Not-For-Profit Technology Awards., which recognised the excellence in use of digital storytelling by an  Indigenous Australian to positively connect with and impact local communities.

This is the third international award for Barayamal within a year.

Life-Changing Lessons From An Indigenous Entrepreneur who Lost Everything

On today’s show,

We hear how Yamatji man, Leslie Dingo lost $160,000 and his life savings before figuring out the formula for success.

Leslie is now a successful trader and investor who only works a couple of hours a day (after hitting the gym) and still lives in his community in rural Western Australia, while earning more money than most employees.

Quotes

  • “If we had a mentor that had already made the mistakes before we got to them, it would of saved us a lot of heartache and money so I can’t stress enough the importance of having a good mentor.”
  • “Trading was where my real passion was and I think for a lot of entrepreneurs and people who want to have a better life need to do is find what you are really passionate about and what you like doing and make a business out of it.”
  • “Review your circle and if there are people who are not helping you achieve your goals or ambitions, then I would really consider reviewing the relationship and finding the right people that you need in your life.”

Show Notes

  • Leslie talks about how he got into trading stock despite growing up in outback Western Australia. [0:50]
  • How to make money fast. [2:30]
  • How Leslie learned how to successfully trade without mentors. [3:38]
  • Benefits of having a mentor vs not having a mentor. [5:00]
  • Lessons learned from trading in the real-world. [5:50]
  • How Leslie loss $160,000 and his life savings to making it all back within a year. [6:43]
  • Success factors that lead to his success in trading. [8:20]
  • Why you need to find your passion and make a business out of it to achieve success in life. [9:50]
  • How playing poker helped Leslie become in trading. [12:35]
  • Overcoming negativity from middle-class Australia. [14:50]
  • Why you should review your circle and remove the toxic relationships from your life. [16:11]
  • Leslie discusses some of his biggest trades and how much money he makes. [18:35]
  • What to look for in the companies you plan to invest in. [25:15]
  • Things to be careful of when investing in Bitcoin to avoid trade manipulations and losing all your money. [27:30]
  • “Trade what you know” – the success principle you need to know. [31:50]
  • Why you need to trade what you are passionate about and to avoid “spiritual suicide”. [34:00]
  • Future plans for the Dingo brothers. [39:00]
  • The books you need to read. [43:00]

Books

That concludes today episode of Indigipreneur. If you would like to know more about Leslie’s connect with him on Twitter @leslie_dingo.

This episode was brought to you by Amanda Young from the First Nations Foundation. The First Nations Foundation help First Nations people to achieve economic freedom through financial literacy training and support. Feel free to get in touch with the First Nations Foundation by emailing info@fnf.org.au or visit their website http://www.fnf.org.au.

How A Young Aboriginal Entrepreneur Sold His First Startup While in High School for $50,000 – Here’s How He Did It

On today’s show

We hear how Darug man, Dylan Mottlee sold his first business at 17 for $50,000 and is now expecting to turn over $300,000 this year in his new business.

Quotes:

  • “Everyone has a reason to keep going forward, regardless of your circumstances and regardless of your age. Don’t define anything by normal social standards, reinvent the wheel.”
  • “It’s very plain and simple, university does not teach you anything for entrepreneurship. You can come out with a degree in entrepreneurship and not have a single clue how to effectively manage your business.”
  • “I’m just super-passionate about business and entrepreneurship that to me it wasn’t really around what keeps you motivated, this was my life now and this is what I’m doing on a daily basis like professional sportsmen.”
  • “Step up to the plate and get some work done. I can tell you right now, if you don’t and in a years time you look back, you probably won’t have much to show for it but if you put your head down and you concentrate I can guarantee you when you look back in a years time you’re going to be so much happier.”

Notes:

  • Dylan talks about his first business and how it sold it for over $55,000 when he was only 17 years old and continued to receive royalties for three years after selling. [0:48]
  • How and why he invested the money from his first business into other businesses. [2:20]
  • His new business that sells technology products and is predicted to turn over approximately $300,000 this year. [3:00]
  • Why he developed a computer algorithm via Python to grow his business through Facebook. [4:15]
  • Where Dylan finds talented employees to help grow his business. [7:20]
  • How he started developing an entrepreneurship mindset from the age of 13. [9:26]
  • Where the motivation comes from to overcome challenges and run a growing business. [11:09]
  • Why community is a big factor and how Dylan become a volunteer Director of his local Aboriginal Council. [12:30]
  • Despite being only 23 years of age, Dylan beliefs age is just a number in the world of business. [14:33]
  • The amazing talent within First Nations communities and how one girl developed an algorithm for Qantas that saved them $12,000,000. [20:00]
  • Biggest challenge that he needed to overcome in business and why you need to sacrifice to achieve success. [21:33]
  • Looking for information or courses to learn how to become an entrepreneur? Listen to Dylan as he talks about the only information you need to become successful in business. [24:10]
  • Do you need to go to university to be an entrepreneur? [25:20]
  • How to manage your time even if you run three businesses. [28:00]
  • Improving business operations through technology to optimise and increase sales. [32:36]
  • Why the Minimum Viable Product (MVP) is important for your business and how to do it yourself. [35:54]
  • How Dylan is breaking negative stereotypes in Australia through his success in business. [39:20]
  • How technology can close the digital divide between First Nations and non-First Nations people. [49:22]
  • How the Australian government can make a real difference and help close the disparity gap. [51:45]

That concludes today episode of Indigipreneur. If you would like to know more about Dylan Mottlee, please connect with him on social media or visit his website, Dyls Online.

This episode was brought to you by Zoey Dowling from Operation Move.

Operation Move supports you to achieve your life goals and a happier life by providing online and in-person running coaching and personal training programs. Feel free to get in touch with her at zoey@operationmove.com.au or visit her website http://www.operationmove.com.au/

Barayamal raises $13,000 for the International First Nations Startup Tour in September 2018

The Barayamal Family was able to raise over $13,000 at the 10x10 Philanthropy crowdfunding event in Sydney, which will be invested in taking some of the brightest First Nations youth to Silicon Valley and New York for our International Startup Tour in September this year.

This trip will inspire First Nations youth to "think big", learn new skills and grow their networks with the aim of building the future leaders of tomorrow who can help build sustainable First Nations Communities.

We will also be filming the trip and try to create a 'cool' TV show or short film that we can hopefully get on 📺 to inspire more youth... A massive thank you to the people at 10x10 who supported us 🙏🏼

Check out the latest Barayamal Newsletter

What's in this newsletter?

- Our Founder, Dean Foley wins the CSIRO Indigenous STEM Early Career Award.
- 10x10 Pitch at Atlassian, Sydney.
- Fundraiser for the International First Nations Startup Tour.

 

2018 VicForum event summary report

It was an incredible experience for the Barayamal Family to be a part of the 2018 VicForum! Below is a quote from our MD and a link to the event report if you would like to know what happen.

“I was very humbled to be a speaker at the 2018 VicForum, which is a platform to discuss the importance of multiculturalism and how our diverse community can create a better Australia for all who live in it.

How can companies claim to be innovative when they sometimes lack experiences and perspectives that represent a broader community!?

If you want to make Victoria and Australia stronger, culturally and economically, be part of the VicForum." - Dean Foley, MD at Barayamal

Click this link to view the summary report --> https://bit.ly/2IQSpj7

Indigenous startup founders set to make an impact in 2018

Indigenous Australians have inhabited this land for tens of thousands of years and personally, I think that the fact I learned more about ancient Sparta and the Vikings in school than I did about the history of the land on which I actually live is a huge failure of the Australian education system.

Although there still so much work to be done preserving the Indigenous history of our nation and not just acknowledging but celebrating the fact that commerce and innovation in our country can be dated back more than 60,000 years (hello boomerang and didgeridoo), what has been great about the last two years in particular is the way in which the local startup ecosystem has embraced and supported Indigenous founders and their ideas....