003 | "From Sleeping in Car to Building 25M Value For Visually-Impaired" (Mladen at BindiMaps)

Today’s guest on the “Phil with Forbes 30” podcast is Mladen Jovanovic – CEO of BindiMaps -- Forbes List: Asia  -- Year: 2020 -- Category: Social Entrepreneurship After winning the Startup World Cup in 2017, my guest, Mladen Jovanovic, met his professor Dr. Wright, and together they founded BindiMaps. BindiMaps is an indoor navigation tool for people who are blind or visually-impaired. His professor, Dr. Wright, conceptualized the idea after being diagnosed with a rare eye disorder where she was destined to go blind. BindiMaps restores independence to people who are blind, or vision impaired by allowing them to safely and independently navigate indoor spaces. Since launching in 2019 in Australia Bindimaps has assisted over 1,600 people to safely reach over 2,000 destinations and have raised over $1.5M, with another $5M to be closed soon, valuing the company at $25M.   In this episode, Mladen Jovanovic shares his incredible story: Mladen Jovanovic and Phil have a lively discussion starting with: Phil notes how Mladen uses “Person-First” terminology to address those with a learning difference or physical difference in abilities. Mladen talks about migrating to Australia from Serbia and not being the brightest student.  Mladen shares his obstacles, challenges and stresses on his journey to success; building his confidence by winning the Startup World Cup in Australia and then Denmark. He takes the next steps after reading about a woman’s disappointment in university because she was blind. He contacts her and asks how life can be better. The “aha” moment comes to Mladen that he can change a person’s life instead of just making money for a company. They continue with the development of BindiMaps; by creating an accessible solution compatible with iOS devices for voiceover mode. The app gives a complete description of an environment along with prompts, so the user gets a complete assessment along with encouragement to engage with the environment. BindiMaps examples are given, explaining how environments are presented in great details. Example – “the juice bar is on the right, it has this and that and this special offer.” Example – “the restrooms are this shape with cubicles on that side and this is how the taps work.” They both share their book reading tips, taking notes and how to organize those notes. Mladen explains the early days of the startup with how they bumped up analytics with sending out their team members using the app in various places.  Phil sited it’s a tactic used by everyone from Reddit to Sarah Blakely. “Under 30 Seconds Round” 1. What is the book you’ve gifted more often than any other book, and why? -- The Success Principles by Jack Canfield 2. What’s one of the best investments and one of the worst investments you’ve ever made and why? a. Best - Investment in my first startup which was a failure, but got me to where I am today. b. Worst - An expensive stand up desk and I never stand up. 3. Favorite Cheat Meal? -- Extremely cheesy, extremely cheesy, deep pan pizza with a kilo of cheese. 4. Pretend you won the Peter Thiel Fellowship and you were going to get money to start a business instead of go to college, what’s the very first thing you’d do to start a new business? -- I would definitely go towards the automotive industry as I don’t think there’s a lot of innovation in that space 5. What’s something you never knew you needed? -- NURA headphones. They calibrate how your ears hear music.   GUEST INFO: Mladen Jovanovic – CEO of BindiMaps CONTACT: on Instagram @themladenjov WEBSITE: http://www.bindimaps.com/ HOST INFO: Phil Michaels SOCIAL MEDIA: @iamphilmichaels YOUTUBE: www.youtube.com/philmichaels PODCAST WEBSITE: www.philwithforbes30.com PHIL’s WEBSITE: www.iamphilmichaels.com Powered by MarketDominationLLC.com Learn more about your ad choices. Visit megaphone.fm/adchoices