Jack Bloomfield — Australia's Leading Millionaire Young Entrepreneur

Questions asked in this episode:

• 3:14 - You are on a mission to rid the world of refund fraud. What is refund fraud and how are you making that happen?
• 6:01 - Is it just people who try refund fraud once and realise it's really easy to do? Or how do people get into this nefarious lifestyle?
• 7:33 - As an SME, what are the red flags for refund fraud?
• 10:34 - Disputify sits pre-purchase but after all the normal fraud checks. What would the merchant do if a customer is flagged?
• 12:06 - How did you get into this space?
• 17:24 - In 7 years, you've gone from some early-stage businesses to e-commerce businesses in high school, what else were you selling in your other businesses?
• 20:13 - How did you go about getting the interest of investors for Disputify? And what was the capital-raising process like for you as a young entrepreneur?
• 29:31 - Do you have much to do with other young entrepreneurs? Is there a community around your age?
• 34:22 - What have been some of the things that have helped you along the most, be it mentors, resources, or support?
• 37:24 - What's on the horizon for Disputify?
• 38:55 - Make It Happen In A Minute

What you will learn in this episode:

• Why your refunds shouldn't just be a standard line item (how people expect 11% of all goods will be returned)
• Why Disputify doesn't automatically deny transactions when a customer gets flagged
• Jack's journey to building his first e-commerce store at 12 years old
• Why looking at your bottom line is so important
• Importance of market research before launching a business or product
• The importance of getting in front of the right people when finding investors
• Figuring out how to best utilise investor's money as a startup
• The pressure that comes with capital raising after you get the investment
• The questions that a lot of startups should be asking
• And more!

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