How I Started A $110 Million Car Business At Age 30 | Founder Effect
Вставка
- Опубліковано 21 гру 2022
- When Josh Aviv was a college student, he had a simple idea. If there are too few charging stations for electric vehicles, why not just bring the charge to the car? Three years later, that idea launched the creation of SparkCharge, a mobile charging solution for electric cars. Aviv's company delivers electricity to EV owners in need and provides them with enough charge to get back out on the road. It's an idea that could play a major role in the emerging EV marketplace.
Produced by: Zach Green
Senior Managing Producer: Sam Rega
Animator: Gene Kim
Reporter: Tom Huddleston
Subscribe to CNBC Make It.: cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: www.cnbc.com/make-it
Find CNBC Make It. on Facebook: cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
#FounderEffect
How I Started A $110 Million Car Business At Age 30 | Founder Effect
He was the only person in his cohort to show up at the meeting his business professor arranged. Talk about being in the right place at the right time! Way to go Josh! More (electric) power to you! 😇
Tesla stock dipped severally , resulting to about 23% drop in the shares value this month. I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA.
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
Lol I was in Econ with him. Good for him! Guess I should have showed up after class lmao
What you up to ?
@@Y2Kvids working in tech doing pretty well but not $110 Million good lol
Do you remember why you didn’t show up?
@@ambessashield9360 I mean probably doing something else school related. It's not like I'd never been after class before but that was usually to study
reminds me of an interview I saw with Magic Johnson. Someone asked him, as a business mogul are there any business ventures that he regrets/passed up on. He said yes, he said in around 1982 etc, he was offered an opportunity to invest 10% ownership in a fledgling startup sneaker company called Nike, he turned it down. He said the investment would have made him about 10 billion right now
I remember seeing his pitch on Sharktank years ago! Glad to see that they're still thriving! Wish you the best Josh!
did he get investment?
He is Triple AAA of the E.V. business.
So AAA AAA AAA?
@@monzerfaisal3673 😄I see what you did there.
Indeed he is the AAA of E.V.!
@@eudofia thank you😏
Yep. The brand names for the company and the app are both on point too.
He's got in early. If he does this right he could be a billionaire in the future
other companies will try to buy his company.
most def
Near future
@@poundtrader1414 who is selling the company xd
Easily! It will most definitely happen if the company’s growth trajectory continues.
This a great example of studying the market and filling a need. Wow, impressive.
What a novel idea. Wishing this young man continued success in his business.
young man? he's 30! so olddd
@@generictoast7678 Ha ha, tell that to someone who is actually 30. I’m sure they wouldn’t want anybody calling them old, lol.😂
@@generictoast7678 bro its young for doing such business at 30 dont overlook at gates or others bro they are outliers.He is young i think
Congratulations my young brother. Trail blazer for other young black entrepreneurs.
only black black black.. ppl cant see beyond skin color anymore.
@@nonefvnfvnjnjnjevjenjvonej3384 extremely true
@@nonefvnfvnjnjnjevjenjvonej3384 Why don't you take your negativity and jealousy to another forum where it belongs. I think stormfront still has a youtube channel. What a really daft comment.
@@nonefvnfvnjnjnjevjenjvonej3384 Why don't you take your negativity and jealousy to another forum where it belongs. I think stormfront still has a youtube channel.
Is skin colour important?
Such a genius idea! So proud of Josh for providing a solution for EV drivers. This was a great interview!
All this does is make owning an electric vehicle more expensive
@@ssj2camaro21 With a touch of convenience.
@@ssj2camaro21 why
be "eco" buy EV, call a truk to charge your EV and multiply the carbon emission you would with a regular car.
You just have to be an american to be such a hypocrite and grow this type of business. It's like feeding average americans on fast foods and charging extra for insurance covering heart diseases...
@@LMOO okay
This should be renamed "How to turn $500k into $110m"
This guy is a legend, such an inspiring story!
How to turn 1 million into 100 million
Truly inspiring Josh!
And, to think that your idea and determination evolved into your company today! It's just really picking up traction; sky is the limit with evolving, growing and scaling!
Congratulations!!!
A great inspiration for young black entrepreneurs. I pray that your business becomes more successful.
Why do you have to make a comment about skin color? We are humans period
@@kauaifishing1365 Man shut up representation matters. Him being a young Black entrepreneur means something.
@@panther5592 lol panther in your name and the bitterness is dripping off you! So fitting it hurts. Get over yourself
@@panther5592
Only if the people representing have issues with other races.
💯 young black & successful, we want to see more of this
Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2014 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable in investing, so I just have my investing currently in index funds mainly Too but have been putting a lot into Schd the past few months. I don’t know if that's the optimal strategy, but psychologically it is very set it and forget it, and prevents me from obsessing over individual stock performance.
I’m thinking of doing the same but not sure if I should use different brokerage accounts? Just curious. Pros and cons?
@@edward.abrahamPlease tell me how I can think I have such skills. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.
@@edward.abraham I just looked up Julia online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
mmmkay whats your overall point here? how does this heartwarming story relate to this vid?
The brilliance (and timing) here is on another level; you can’t dream these scenarios. Too good
Never knew he appeared on Shark Tank but I immediately knew Mark Cuban was one of his influences by the third “right”. Lol. So proud of this young man for bringing his idea to life. Congrats!
3rd right lol
Lmao! I thought I was the only one to catch that, right. 😂
Don’t let Kanye see this
@bitcoinking 2head reply
This man is brilliant!! Kudos to him coming up with this idea and then securing funding for it.
Wow this was excellent. I remember when I was in highschool and our economics teacher was talking about how we'd have electric cars one day and I was skeptical because what if your battery dies while you're in the middle of nowhere and you're not near a charging station? Then what? And this guy solved it!
This guy is a genius
Josh needs to have that same passion and enthusiasm for his health and fitness 🥴🙄
@@openranks4519 to be fair, half of these rich guys are out of shape. Have you seen Elon without a shirt? 😂
No he's not, he just was someone that decided to see it through. What he provides is not revolutionary or did he invent it. This is what happens when you follow your dream. You don't have to be smart or rich. He is not a genius. He's smart but he followed his dreams
@@mannyw_ 😀😀😀😀😀
not a genius ... Most million dollar idea profit off lazy people. UBEREATS , amazon, car charging . Convenience is the selling point
Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@maryelvis3172 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@thamad311 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
Wow I can't believe you guys are discussing about Gary Mason Brooks , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended....
This is actually genius
This is a genius idea! Props to Josh and his team!
Congratulations, Josh! This is such a great and inspiring story of a young entrepreneur trying to solve a problem and make a difference
Speechless with the idea, because this guy had his thoughts beyond the normal thinking😇😇😇😇 and I believe josh is going to help a lot of people with his project.
Great origin story! It's inspirational, informative and provides major global impact. Great highlight CNBC Make It!
This is an awesome idea! Keep it up, great job!
This is a really awesome concept! Looking forward to all that SparkCharge does in the future! ⚡️🔋🚙
Right now, things are a little weird. The US dollar is becoming less valuable for purchasing goods, but it is becoming more valuable overall. Due to people investing their money in dollars for security, assets like equities, homes, cryptocurrencies, and precious metals aren't doing as well as they could. I'm concerned that my $320,000 in savings will depreciate quickly. What should I do with my cash to keep it secure?
You know, I've been working with a financial advisor for a while now, and it's been a game-changer. Stacey Lee Decker has been helping me out, and I've seen some great results.
@@AnnieBeischel That's interesting. I've heard about the importance of working with a fiduciary when it comes to wealth management. They're legally obligated to act in your best interest, right?
I've always managed my finances on my own, but lately, I've been feeling overwhelmed. I think it might be time to consider a fiduciary It's reassuring to know that they'll act in my best interest.
@@MollyLogan- Absolutely. Stacey Lee Decker has been a tremendous help in reaching my financial goals, and I'm confident she can do the same for anyone else looking to invest wisely.
“You pick the right team…,right?” “……right?” Clearly Mark C is his mentor. Lol. The way they talk is identical. Congrats!
Love seeing brothers like this build successful, intelligent businesses. Congrats and more success to you in the future!
This is what I want to see for black history month. NOT a bunch of victimhood nonsense and excuses. This guy never made excuses, that's why he's at where he's at.
@@aaroncatolico7550😂
Love seeing anyone like this build a successful business
@@georgelittle4070ok. We will be happy for our people and you can be happy for your kind. We don’t need to be happy for everybody
Great job Josh. Keep doing it big!
Simple & Effective, great job bro!
Josh is doing great things in the EV market!
Very proud of this young man!
Smart guy creating his business on this necessity for electric car drivers. I really hope he doesn’t sell his company because there will be more businesses that will do this in the near future.
truuu
Like many of the commenters here, it’s one of the freshest ideas, great pivot into currently and well done on spotting the future at such an early time, so inspiring and hope your company will have a successful future!
I see a big utility use for this with US military applications overseas for large drones and land vehicles.
This is truly inspiring.
Thank you Josh.
LOVING ALL OF THIS!!!!! Awesome.
My buddy had this idea about 6 (or so) years ago. To buy a bunch of cube vans and load them with batteries and use those to charge EVs that ran out of battery while in the road.
Yeap, I heard about this idea in a movie 20 years ago, but using fuel/Gas. Yeap, many people have thought about this idea before this guy executed it. That is the difference between the doers and thinkers
AAA will definitely be acquiring this
i am 8 years late lol, i thought about this idea recently as i have noticed the growth in EV cars production, especially from major car companies, looked it up today and I came across this video. amazing to see someone already started this, really happy for him
That’s only in States tho.
@@jackl135 yeah so there's oppurtunity else where
See a need. Fill a need.
You have my admiration and congrats on your success.
Awesome story bro. Phoenix will definitely be a good market for your company. People love their EV’s here 👌🏼
Wherever there is a problem, there is money to be made! Provide that solution globally and you are made for life! Congratulations, Josh!
A black man… This is very inspiring wishing prosperity to everyone that wants to take care of their families❤
Wow - you're doing it man and looking good being the founder too!
Great material for a case study!
Thanks you for sharing your thoughtful content for putting it out there with the passion that many of us need and strive for. I'm starting to listen to you almost every morning. Your voice and words are calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channels as a source for having a better relationship with myself and the world around me?
The power for creating a better future is contained in the present moment, you create a good future by creating a good present. The key to financial freedom and great wealth is a person's ability to convert earned income into passive income to build generational wealth, this trick has never failed
@KHALID Westwood Purchasing Bitcoin doesn't always assures winning, the ability to make profit off your capital is what makes you win... Stop relying on the market price to make profit choose trading.
@@davidstuart3657 Trading with Mrs Emily Robinson, over time will yeild more returns than doing it all at once. Finding a certified advisor who can educate you on how market has been advised if you're just starting. I'm referring all individuals to trade with Emily Robinson?
@Cindy conrad I think trading is easier with proper guidance, especially from a professional. It really helps reduce the chance of running into losses. And it incurs profits also?
@@ericnewtone you can never be in debt, while getting the right information from a reliable trader as this, they give clear and brief information on the trading in crypto world. I have never regret trading with Her trader Emily Robinson...
You go my guy. Many blessings ❤
The kind of service the the world need, Good job
Wow...perfect timing/perfect market...nice work.
Absolutely genius! He was way ahead of his time, good for him!!
Love it!!! Congratulations to him
Outstanding, God bless you, your business and family.
So proud of him! amazing idea.
I am so inspired after watching this. I tried jumping into the bio diesel fuel business about a decade ago a bit too late because the clean energy market was transitioning to ethanol and hydro energy.
Yes so encouraging... Helping me in my entrepreneur endeavors
I'm so glad this guy is doing well since I saw that shark tank episode! Glad to see the update
Well done Josh!
Great work dude!!
This is awesome! I thought about this years ago but if coarse it 2as just an idea among thousands. Kudos to Josh.
This absolutely brilliant.
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
Who's this professional trader and how can I get In Touch with her? Can I start with 2000$?
How does this Bitcoin stuff work, I am interested and willing to invest heavily as I have heard too many testimonies
Wow!! Impressive you trade with Mrs Claudia Walter's too! I thought people don't know her that well.... She's really awesome!
How can get in contact with her? And amount needed for a nice start up? Am interested to invest please.
Thanks. I will reach out to her on WhasApp immediately.
Great product! Love this for you!
Agree with many of the positive comments. Congrats to Josh and well wishes. Mobile charging is a must for those who value time and convenience. These two things are what people value in a busy environment. Also, the issue of finding a charging station to minimize the charging anxiety could be reduced with mobile charging. Finally, with states like California banning combustion engine vehicles in the next few years (I believe by 2030 AND I have so many comments about that move, but that is for another time), it will be important to have convenient places to charge your vehicle.
Bro stfu no one cares if you agreed with the positive or negative comments. Commenting like your the main character
Great plan, and filling in a gpa in the market. Wishing him so much success!!!!
Good job brother
I'm really proud of you!
This is a great business model, it'll be interesting to see how they perform with competition in the market place, but considering people even need normal cars jumped or get gas before they can hit a station it just makes sense. Good on him. It's a nice model.
this is so inspirational. Guys, who's with me? Let's go for it! Let's do this thing! Yeah!!
This needs to be in the UK. Such a brilliant idea.
saw a need and filled the gap, nicely done!
I didn't hear it mentioned but I saw it on the van multiple times in the video that their Spark van is 100% Electric. Great.
Absolute Genius, partnering with electric car brands is a great b2b revenue model
Let's go!!! Inspiring!! We are looking at a future billionaire.
Franchise this! Id love to get a business of this type going in my city
He is crushing it!!!
God bless this brother much love to him.
This is a simple yet brilliant idea. WOW!
Incredible Idea and an AmazingCEO/sales man..Congrats
This is definitely going to become a multi billion dollar company
impressive success, I might want a small startup with my ideas. i'm not warm with the current products they have though. Consider that large EVs like the F150 Lightning, upcoming Cybertruck, Ioniq 5, etc. can charge another vehicle, enough power to get to the nearest DC charger or home. They would find more success by reusing the engineering for portable battery stations for camping, remote work, RV and boat power, and finally a Powerwall like system for residential.
wow this is amazing. Congratulations brother
Such a simple and brilliant idea!
LOVE THIS!!!! LOVE THIS!!!! LOVE THIS!!! CAN'T WAIT TO INVEST!!!!!
THIS IS AMAZING!!!
But you still gotta wait to charge your car. It’s not like delivering fuel tank to from triple A to your car. But this service is great for ev owners who are stranded or very low on juice.
Inspiring individual!
Proud of you bra!
Super Smart!!!! Love this idea & how he made a successful business.
Truly love this
This guy is different. I wish his business success!
This is a good idea...my worst experience was spending time charging car and finding a place to charge.
Just amazing congratulations
All the best buddy!!!!
Josh, you're amazing
Any good way to earn more than 3-4% on idle cash with virtually no risk right now? Willing to lock up for up to a year or so if needed. What are good options? I have about $173k retirement funds that i want to grow.
Is this a real question? Buy T-Bills?
Anyone have recommendations for a reliable monthly investment? I hope to ultimately supplement my income from work with a monthly income from investments. I will still make long-term investments, but it would be wonderful to have a little additional money each month.
@@MIchaelGuzman737 My investment advisor, "LISA ELLEN SHAW," a US-registered CFP who you may have heard of or seen on the CNBC news, uses trade signals to help me diversify my money well, and I must admit that it has been a big comfort. Highly diversified portfolio, incredible profits, and minimal to no engagement on my part. Having grown by 20% on a monthly basis, my portfolio generated a $150k return in 2022.
@@IAMBETTERTHANYYOU Do you mean to mimic her trades as they are made in Etoro when you say you would use trade signals from her? I hope I'm not required to give over my money. I just looked her up, located her website, and read through her qualifications and resume, all of which seem excellent. Does she have a minimum to work with?
@@Ammo-Hoarder I can't give anyone my money, so I'll caution you against doing so. My account only mirrors her trades, and I have no idea if she has a minimum, but you may get in touch with her through her website and find out.
Great business model. All the best bro
Awesome brother
Wonderful Business! This is never going away! AAA for EV!
vThis is absolutely a beautiful and worth watching video ..... enjoyed watching .Thanks for sharing