Millionaire University

A High-Margin Business Abroad: Salsa Dancing in Medellín, Colombia | David Schafran

Sep 4, 2025
David Schafran, founder of Somoloco, shares his journey from a medtech startup to creating a salsa dance immersion experience in Medellín, Colombia. He emphasizes the transformative power of dance for mental health and personal growth. David discusses how Somoloco blends cultural immersion with emotional healing, operating like a yoga retreat infused with Latin flair. He reveals insights on building a high-margin business, effective pricing strategies, and nurturing a passionate team while celebrating the joy of dance and community.
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ANECDOTE

From Medtech To Salsa Transformation

  • David left a VC-backed medtech startup after finding salsa in Colombia and spent months dancing full-time.
  • That personal healing and joy inspired him to build Somoloco to share the same transformation with others.
INSIGHT

Immersion As Identity Reset

  • Somoloco frames salsa immersions like yoga retreats: immersive, identity-shifting, and practice-focused.
  • The goal is technical skill plus emotional embodiment so participants leave confident and changed.
INSIGHT

Dance Outperforms Typical Depression Treatments

  • Dance delivers powerful mental-health benefits and can outperform medication and talk therapy for depression per research David cites.
  • He emphasizes dance as a feeling-first art that reconnects people to joy and social connection.
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