This 21-Year-Old Is Dominating The Tech Industry | Ep 111

In this Episode, we have Marcus Chau, a 21-YEAR-OLD computer science and math senior at NYU who embodies the entrepreneurial spirit. At just 21, he has already built and exited a TECH startup. How did he do it? Tune in to find out!Marcus Chau, who went from physical engineering to computer science to honor his father's legacy, taught himself computer science through textbooks and YouTube, before the rise of AI tools. He tried different career paths, from writing a newsletter called "Daybreak" to participating in hackathons. Now, his focus is to continue building Lexor Strategies—a company tailored for law firms—DOMINATING the TECH INDUSTRY.CATCH MARCUS HERE:LinkedIn - https://www.linkedin.com/in/marcus-chauLinkedIn - https://www.linkedin.com/company/lexor-strategiesWebsite - https://www.marcuschau.com/Website - https://www.lexorstrategies.com/Contact - 646-887-7772STAY CONNECTED:https://www.instagram.com/the1percent_podcast/ https://www.facebook.com/the1percentpodcast/http://tiktok.com/@the1percent_podcastPodcastLISTEN ON OTHER SITESSpotify: https://bit.ly/3HtT10CApple Podcast: https://bit.ly/3HtT10CTIMESCODES:00:00 INTRO00:48 Meet the Guest01:56 21-Year-Old Entrepreneur02:15 College Life: Senior Studying Computer Science and Math02:53 Current Venture: Tech Consulting Firm Focused on Automation03:02 Personal Motivation: Father’s Passing and Shift to Computer Science03:54 Early Entrepreneurial Journey: Self-Learning and Projects04:00 First Startup: DAYBREAK Newsletter Failure04:23 Hackathon Success: Disney Figma App and Beta Release05:00 Funding Challenges: Social Media App Struggles05:35 Tutoring Venture: Building an Education Platform06:24 Tutoring Success: Generating Five to Six Figures Monthly07:02 Rebranding Misstep: Losing Customers with Niche Focus07:27 Exit Strategy: Profiting from Tutoring Venture07:38 Internship at Goldman Sachs: Building Business Acumen08:21 Marcus’s Vision: Helping Companies Grow with Tech Consulting09:29 Why Marcus is a 1%er: Mindset and Work Ethic10:13 Tech Consulting Plan: Leveraging AI for Business Efficiency11:00 Technical Audits: Identifying Business Deficiencies12:04 AI-Powered Projects: RAG Model for Law Firms13:40 Handling Large Data: Challenges with Massive Datasets15:08 Tech Audits vs. EOS: Focusing on Technical Efficiency16:17 AI for Law Firms: Reducing Research Time with RAG Systems18:12 Efficiency Gains: Cutting Research Time by 70%19:27 On-Premise Deployment: Ensuring Cybersecurity29:25 Problem-Solving: Talking Through Challenges30:01 Creative Problem-Solving: Talking to Yourself or Others31:04 Lessons from Experience: Creativity and Grit Over College32:22 Critique of Education: Teaching Conformity Over Creativity34:27 Teaching Kids: Grit, Creativity, and Entrepreneurship36:02 Real-World Application: Creativity Beyond the Classroom37:02 Inspiring Creativity: Coding, Reading, and Sci-Fi39:11 Learning from Others: Books, Podcasts, and Role Models40:22 Marcus’s 1% Life: Family and Meaningful Connections43:00 Best Advice: Stay Creative and Embrace Smart Grit47:50 Outro