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Gaming pays off for two teenagers | Gaming pays off for two teenagers |
(about 20 hours later) | |
Many parents look at their teenage boys glued to their games consoles and computer screens and worry about their future. | Many parents look at their teenage boys glued to their games consoles and computer screens and worry about their future. |
The mothers of Henrique Dubrugras and Pedro Franceschi aren't worrying any more. | The mothers of Henrique Dubrugras and Pedro Franceschi aren't worrying any more. |
The two Brazilian teenagers used to spend about a third of their day on screens, but for them it has more than paid off. And while there are plenty of internet entrepreneurs that start young, their story stands out. | The two Brazilian teenagers used to spend about a third of their day on screens, but for them it has more than paid off. And while there are plenty of internet entrepreneurs that start young, their story stands out. |
Now aged 19, they already have a successful start-up, Pagar.me, that employs 30 people and has a multimillion-dollar annual turnover, with scholarships to Stanford University to boot. | Now aged 19, they already have a successful start-up, Pagar.me, that employs 30 people and has a multimillion-dollar annual turnover, with scholarships to Stanford University to boot. |
When Henrique was 12, he was a big fan of the Korean multi-player online game Ragnarok. As his parents did not want to pay for its premium features, he started programming them himself: "I used to make my own servers so I did not have to pay for the original version." | When Henrique was 12, he was a big fan of the Korean multi-player online game Ragnarok. As his parents did not want to pay for its premium features, he started programming them himself: "I used to make my own servers so I did not have to pay for the original version." |
He subsequently worked out how to make real money on the game through the extra skills he had. At first his parents were a bit shocked, concerned he might be gambling online. | He subsequently worked out how to make real money on the game through the extra skills he had. At first his parents were a bit shocked, concerned he might be gambling online. |
Co-founder Pedro Franceschi started even younger, tinkering with software from the age of nine. | Co-founder Pedro Franceschi started even younger, tinkering with software from the age of nine. |
"We both started programming computers as a way to achieve things we wanted," he says. | "We both started programming computers as a way to achieve things we wanted," he says. |
Pedro wanted to use Apple's new personal assistant, Siri, but she only spoke English. By the age of 15, he had managed to make Siri speak Portuguese. | Pedro wanted to use Apple's new personal assistant, Siri, but she only spoke English. By the age of 15, he had managed to make Siri speak Portuguese. |
Eventually, aged 16 and 17, the two teenagers met on Twitter. In contrast to a typical teenage chat about music or football, their first encounter was a debate over the relative merits of different text editing software for programming. But they soon realised their ambitions and dreams made them more alike than different. | Eventually, aged 16 and 17, the two teenagers met on Twitter. In contrast to a typical teenage chat about music or football, their first encounter was a debate over the relative merits of different text editing software for programming. But they soon realised their ambitions and dreams made them more alike than different. |
"That was when our friendship began. Pedro also started to use my text editor. I won the argument and gained a partner," Henrqiue says. | "That was when our friendship began. Pedro also started to use my text editor. I won the argument and gained a partner," Henrqiue says. |
While he lived in Sao Paulo, Pedro was more than 400km away in Rio de Janeiro, so initially the partnership developed online. | While he lived in Sao Paulo, Pedro was more than 400km away in Rio de Janeiro, so initially the partnership developed online. |
In the meantime they were also dealing with the same kind of problems that have beset teenage boys for generations. "What if I ask a girl from my class out and she says no? It will be awkward still to see her every day after that," says Henrqiue, explaining the age-old dilemma. | In the meantime they were also dealing with the same kind of problems that have beset teenage boys for generations. "What if I ask a girl from my class out and she says no? It will be awkward still to see her every day after that," says Henrqiue, explaining the age-old dilemma. |
He attended a hackathon and his team came up with a Facebook-based app: AskMeOut. Like Tinder, the platform gave young romantics the opportunity to signal an interest in each other and see whether it was reciprocated without risking face-to-face rejection. Henrique's team won first prize and 50,000 reais (£8,500). | |
But Henrique realised that men and women (or was it boys and girls?) were using the app in different ways: while women were more choosy, men used to click on most of their female contact list. His solution was to only charge male users: since each "like" was paid for, they became more selective. | But Henrique realised that men and women (or was it boys and girls?) were using the app in different ways: while women were more choosy, men used to click on most of their female contact list. His solution was to only charge male users: since each "like" was paid for, they became more selective. |
AskMeOut was a success, but Henrique wanted a better payment system to go with it. | AskMeOut was a success, but Henrique wanted a better payment system to go with it. |
Luckily this was the point at which he met Pedro. The friends brainstormed a solution, at which point Pagar.me started to evolve. | Luckily this was the point at which he met Pedro. The friends brainstormed a solution, at which point Pagar.me started to evolve. |
Today Pagar.me handles payments worth millions of reais a year, has won a series of awards and attracted 1m reais in outside investment. | |
In short, the platform provides a cheap and simple way for customers to pay for goods online, combining the low cost of a third-party service such as Paypal with the simplicity of paying directly on the vendor's site without having to log in to another system. | In short, the platform provides a cheap and simple way for customers to pay for goods online, combining the low cost of a third-party service such as Paypal with the simplicity of paying directly on the vendor's site without having to log in to another system. |
Pagar.me takes a 1.5% charge from each purchase plus tax of a half a real (8p). Clients also pay a commission that varies between 3% and 5% to Pagar.me partners. | Pagar.me takes a 1.5% charge from each purchase plus tax of a half a real (8p). Clients also pay a commission that varies between 3% and 5% to Pagar.me partners. |
"People did not believe we could create such an innovative product," says Henrique. | "People did not believe we could create such an innovative product," says Henrique. |
He admits it would not have been possible without attracting the right staff, as well as the support of mentors and their families. | He admits it would not have been possible without attracting the right staff, as well as the support of mentors and their families. |
Pagar.me's team of 30 are aged between 16 and 45. Yet according to the two co-founders, their relative youth has not affected their relationship with staff. | Pagar.me's team of 30 are aged between 16 and 45. Yet according to the two co-founders, their relative youth has not affected their relationship with staff. |
"We believe that good leaders are those who achieve their targets together with their team. It's not a question of your gender, qualifications or age", Henrique says. "Leading a business is a bumpy road, but we were always lucky to be guided by people we admired at tough moments - something that saved us a lot of times during the company's evolution", he adds. | "We believe that good leaders are those who achieve their targets together with their team. It's not a question of your gender, qualifications or age", Henrique says. "Leading a business is a bumpy road, but we were always lucky to be guided by people we admired at tough moments - something that saved us a lot of times during the company's evolution", he adds. |
Despite the scale of their success, Henrique doesn't think they are that different from others their age. | Despite the scale of their success, Henrique doesn't think they are that different from others their age. |
"Actually, we are still teenagers. We like playing videogames and hanging out with friends. I think it's getting more and more common for people to pursue their ambitions at an early age. We are just two regular people running our business." | "Actually, we are still teenagers. We like playing videogames and hanging out with friends. I think it's getting more and more common for people to pursue their ambitions at an early age. We are just two regular people running our business." |
What next for Henrique and Pedro? | What next for Henrique and Pedro? |
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