{"id":28030,"date":"2017-08-28T08:00:07","date_gmt":"2017-08-28T12:00:07","guid":{"rendered":"https:\/\/www.wework.com\/creator\/creator\/?p=28030"},"modified":"2020-02-26T14:25:50","modified_gmt":"2020-02-26T19:25:50","slug":"london-5-year-old-entrepreneur-toys-new-idea","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/community-stories\/london-5-year-old-entrepreneur-toys-new-idea","title":{"rendered":"In London, a five-year-old entrepreneur toys with a new idea"},"content":{"rendered":"\n

Tyler Dias is like a lot of other first-time entrepreneurs. He\u2019s confident about his business plan, he\u2019s putting together a great team, and he\u2019s pushing to get his product to market as soon as possible.<\/p>\n\n\n\n

He\u2019s also 5 years old.<\/p>\n\n\n\n

A few weeks ago, Tyler started going to work with his father, Vernon Dias, founder of the London-based digital agency Made by Fire<\/a>. On the way home one evening, Tyler mentioned that he wanted to create an app. His father asked him why.<\/p>\n\n\n\n

\u201cI like money,\u201d Tyler replied, \u201cso I want an app to make lots of money.\u201d<\/p>\n\n\n\n

Turns out that he liked something more than money: toys. Tyler\u2019s idea was to sell his old toys online so he could make enough money to buy new toys.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

How would the app work? Tyler had that part already worked out in his head.<\/p>\n\n\n\n

\u201cI get my old toy, take a picture of it, enter how much money I want for it, and press send,\u201d Tyler explained. \u201cWhen someone sees a toy they want, they send me the money and I send them the toy.\u201d<\/p>\n\n\n\n

He even had a brand name for the app in mind: Giveaway. But he reconsidered when he realized that he wanted to be able to buy toys through his app, the way he buys them through Amazon. His new name? Givazon.<\/p>\n\n\n\n

Tyler scheduled a 15-minute meeting with two of his father\u2019s staffers, Adrian Daniel Bilan and Neil Japtha. He gave them a hard deadline\u2014they\u2019d have to finish his app in three days. They gently let him know that it might take a little longer than that. But they promised to have it finished by the time Tyler goes back to school in September.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As far as payment, Tyler offered them six pounds. And he had no desire to raid his piggy bank for the seed money.<\/p>\n\n\n\n

\u201cI can sell my daddy\u2019s MacBook,\u201d he replied.<\/p>\n\n\n\n

Like a lot of entrepreneurs, Tyler has tweaked his business model. After learning that there are some kids around the world who don\u2019t have any toys, he decided to add a philanthropic arm to him company. Instead of just selling their toys, users will be able to donate them as well.<\/p>\n\n\n\n

When Tyler\u2019s father told his wife that their middle child\u2014Tyler has a 3-year-old sister and an 11-year-old brother\u2014was now an entrepreneur, she was a little skeptical.<\/span><\/p>\n\n\n\n

\u201cTyler\u2019s mother was most unhappy,\u201d Vernon joked. \u201cShe say she\u2019s lived half her life with an entrepreneur. Now she\u2019ll have to live with two.\u201d<\/p>\n\n\n\n

Vernon said after posting about Tyler\u2019s business plan on LinkedIn, he has heard from friends who want to invest in his idea.<\/p>\n\n\n\n

“I guess I can retire now,” Vernon said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tyler Dias is like a lot of other first-time entrepreneurs. He\u2019s confident about his business plan, he\u2019s putting together a great team, and he\u2019s pushing to get his product to market as soon as possible. He\u2019s also 5 years old. A few weeks ago, Tyler started going to work with his father, Vernon Dias, founder […]<\/p>\n","protected":false},"author":895,"featured_media":28074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43903],"tags":[502,39218,39221],"class_list":["post-28030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-stories","tag-creativity","tag-small-businesses","tag-entrepreneurs"],"acf":[],"yoast_head":"\nIn London, a five-year-old entrepreneur toys with a new idea<\/title>\n<meta name=\"description\" content=\"Just five years old, entrepreneur Tyler Dias is already planning on releasing his first app before he returns to school in the fall.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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