31 Burst results for "Angel Investor"
There’s no ‘hacker house’ geared toward undergraduate women, so they created one of their own
"Group of twenty undergrads across the country who are women in cs. Studying cs have formed their own hacker house of sorts to take up semesters and just work with each other for nine weeks over five hundred people applied and and twenty people were chosen and where maybe before they were. There were dropping out. And if. I'm not totally mistaken Five hundred applicants twenty chosen. That's a four percent admit rate. Is that right totally. There was also a really healthy showing of diversity. Which i think is something that is lacking in hacker says the piece i wrote a couple months ago just talked about how most of them skewed white and male and so this was i think one of the only female focused are female. Only hucker houses out there. The last detail i wanna give and the real reason why i was. You know my ears. Perked up when i talked to. The co founders was that all the participants have signed this contract where they plan to dedicate one percent of their annual income for the next five years and to a syndicate fund. And i was like well when i was twenty years old. I was not thinking about those things and no matter. How big that fun guts. Fine but i was. I have to give snaps in them for being investors angel investors at this age that reminds me of the one percent pledge but it's not an altruistic pledge it's more of aac group build a little fun pledge i think that's that's brilliant although i will say twenty twenty kids college income one percent it niches down to a small dollar amount but at the same time. That doesn't mean you won't learn a lot. Get a lot of access to companies and maybe pick up a cool job or whatever. It is so overall pretty great. Yeah i mean. I covered a startup doing this earlier this year. Whose name. i can't remember a on the spot. But i think one of the interesting things is. How much is just marinate community right. The goal is to make sure that people helping you know intro. Their friends to their investors to make the connections to create the glue that holds us communities. Together it look it. It is a financial incentive to do that obviously the friendships and the actual relationships are the core that helps to incentive align. The other thing. I liked about this program. Was they do charge a five thousand dollar entrance fee. Apparently they actually have scholarships covering for half the participants in the program from quote unnamed investor. So i cannot like this model of. We've seen it occasionally where it's like. Look you can charge for something but then there are other people who might actually subsidize it for some of those users. And so i think that that's like a nice mix as well and i just want to say like this sort of stuff we cover no because it has a big financial impact whatever but it does make me happy. I love seeing young. People do cool things and take advantage of the situation and excel and so this is just another example of that. And i wish that when i was their age i had half the drive and seriousness. Lack of a better phrase. Because i'm very impressed by them.
How Investment Advisors Invest Their Money
"Josh bam co riddled wealth management and author of the new book. How i invest money. Welcome to the show. So josh in this book you talk to your fellow. Money managers about how they invest their own money. What they do with it. Is this kind of like asking chefs like what they cook for themselves when they're at home. I think that's a really great analogy. I hadn't i hadn't thought of that. But i like it. I'm gonna steal that steel steel away. So yeah tell me about. Were there any surprises. There were There were a few constance. We heard a lot about index funds of being a building block for portfolios. Yeah you're basically like placing a bet on the stock market going up on the index itself. Going up and this is like one. Oh one investors thing like this does not seem like what pros you know. All the stuff would do. They're like extremely basic but they're basically a good way because what you see is what you get and for better or for worse. You don't have somebody who's trying to beat the stock market and failing and then we heard a lot of people who had made investments that they know mathematically or logically weren't necessary than one of my favorite child is my bob. See right who He's got a couple of decades on me but his his his concept was sometimes the financial investment. That looks the the most illogical makes the most sensible when you incorporate the emotional aspects and he's talking about a beach cottage that he bought that is now where all of the memories of a stanley are made. And it's where he spends time with his grandkids and financially. It's not a good investment will probably not break even on it but that's not the point. What was the craziest thing you heard. I think i was surprised. That howard wounds in he's an angel investor out west. I was surprised that he owns zero bonds. Oh yeah because the banzer like that's sort of like the i guess if we're going to keep our chef analogy. That's like pasta. That is like everybody's got pasta on the menu. I almost think it's even more elemental than that. I almost think it's the water that you boil and rinse vegetables at our best. When we say bonds we're referring to his treasury bonds which are colloquially speaking the risk free asset supposed to be the safest thing yeah we his his entire persona is wrapped up in this idea of just growth as far as the eye can see and he's willing to bear risk and he's ever accomplished in his life has come as a result of bearing risk bearing more risk than others were bear. And so that's that's like an invest an example of an investment philosophy overlaps with the life philosophy. Did you get any sense of of how these investors deal with their money at a moment like this like in a moment of crisis. Because i imagine that is a question. You're getting all the time. If you're going to be a financial adviser to investors and you're gonna be worth anything to to those investors you have to have an investment philosophy. That's long-term in nature and that is built to endure market events economic crises et cetera. You have to get people to believe in what they're invested in if you expect them to hold onto that portfolio through market volatility. Their relationship with their investments is casual and not spiritually and emotionally meaningful. Been it's easy for them to discard those investments. The minute the sledding. It's tough and so. I think one of the biggest trends in the market twenty twenty is on. Es g or environmental social and governance focused investing so these are portfolio's being put together based on the premise that investors want to have their money go to companies. That are doing the right thing doing the right thing in terms of did the environment when we say governance are they treating shareholders fairly. We say social or the promoting women. Are they hiring. People that are non white forty year old males on. Es g is the only category of mutual fund that saw positive infos this year really and the good news is that the millennial generation They care about what they own. They wanna have a connection with their portfolio. So i would say that that that's like one of the the silver linings of this moment in time is that wall street is waking up to the fact that this is a new generation of investor this generation not only didn't panic from volatility volatility actually drew them closer in. Okay josh you heads knew. This question was coming. How do you invest your money. While i'm at one hundred percent crypto so same same so in my 401k as is your retirement invest directly in the same strategies that our clients do on the other end of the spectrum. I'm doing some things. That are a lot riskier than what i would do for clients so outside of my retirement accounts. I'm making veteran vestments. I'm backing friends. Were starting companies so like for me. That's what makes me feel good to be able to support things that i myself believe in people more importantly that i believe in so what is like the most amazing investment. You've made what's the one that got away. The most amazing investment i ever made was in my own company in two thousand thirteen. My partner and i put up fifty thousand dollars. We built the firm that i think could be doing ten million dollars in revenue next year. Wow so the best investment you ever made was in your own having your own business your own entrepreneurial. Venture was there when the gateway well. When i was a teenager. I owned all of the dot. Com stocks is a teenager nineteen. You were like a man. I was like. I don't even know what is doing but definitely investing in stocks earrings at the mall was really does an idiot savant. Because i didn't hold any of them. I had a bunch of stocks that no longer exist. But i also owned amazon. But i didn't hold it like so like all right so i've long since we bought. It said oreo be fine. But like i'm saying you know you say to yourself. How can you really regret that decision. How could you have possibly known of the thirty. Publicly traded dot com companies from nineteen ninety seven nine hundred ninety eight that one of them was going to become as big as important as amazon. And you wouldn't pick amazon by the white. It was a company that sold books bucks. Yeah totally so anyway but like i. Don't i try not to dwell on stuff like that you know. That's that's an argument in favor of indexes on because what happens in an index as the companies that go bankrupt and disappear the smaller. They get the more they shrink shrinking importance in the index. Because they get so small whereas the winners that keep on winning balloon in size within the index One of the best regret minimization tricks. I know of is to at the the index to its work. And had you done that over the last thirty years rather than trying to outsmart the market. You probably did better than ninety nine percent of other investors. Excellent will josh. Thank you so much for talking with me. It's my pleasure. Stacey thank you so much for having me. And i hope
"angel investor" Discussed on Venture Stories
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"angel investor" Discussed on Venture Stories
"Ones where something will be cast. You're gonna call. You're literally very frustrated by on says erases out you. That comes. Psychologically down you multi. All success elected official. And but so will your Torrent tongs. I can't imagine relishing that something. I gotta just become numb relish. It all is getting into the election. Yes it's us. Just broader sort of like investment trends or or maybe like Are there any platform shifts. You're you're particularly excited about or or or or or monitoring to see if fiddle if it'll take offer as it takes off. I'm more your this founder as reasonable katie were all on Be a whole on versus. Like i some offices This way immediately draw. John was awhile of door of his armenian. She doesn't three will be transformed versus acidic way. Feasible lee so similar to years trying to find a company politely. Talk about looking for it. I'm like there's room for Mary's gaels for honesty combet was allies or around trying to scare future. I suppose china find most interesting. No when i do believe i will say on ridge shooting hunting and sigh of the To fans there that there's a real press is not like one of these that there's going to be a macro A scene just fifty hope niece the answer. What it what. It looks like only fans for extra. What does it look started. Decentralization of people. Our will follow suit very and he's trump's of shooting officer or one more yup whether it's you know awards or producer in the who or polisher in the ears sasaki's also vashon content. I think moving. She moves you Production economics for the greater the high content with production off in fuel roosting. That may insulated. But that was noon in our studios through Loss was true your taxes after another level so the accuracy out our other parts where we top one. Percents of distributed world is producing strategy. People on this there are valerie. Names who never never pay for institution. Classic sense Is always just mashing Metrics were hurricane thousand. New people sign over as church. What about your your member. You were exploring goals back loops that idea of my dumb. You might open your family. The kind of oslo fires in progress Whole every at lisa's successful were successful secular. The michigan is that this hers before any goal vessel personal. Whatever a whole salary. I want to get. Mary wants you. Bobble water is how in following a credibly. You want x. jeffrey as and there's heat common goals in this excessive ramar is Destination gives your plan around and not always narrow versions of this. Is your samuel very small errors. But this is this is this is zack. Look like or around the heart of the day. So many more difficult to do this on.
"angel investor" Discussed on Venture Stories
"Gonna set. The price market were master whereas ray actually no price on the Thinking scenario is more and more Exercise we're not on doesn't rain hundred. That's only a small fraction around perception. That people eat wings irish will. I'll were at least follow your being physically without Show wanted ishers. This wasn't all assault doesn't sent invite racial prices founder. Zaur oregon a simple yesterday. Decision uses spiral enough that they may be known as will Us that asian. While allender arly by rene eurasian for weschler. And i always found a property so they wanna have fun with it is either Send yeses says. Senator pseudo need as she is. The nazis debate started like everybody. Does it in the business of thinking. Y'all as a way in saw over us on since you're next films and you're zones easily as your so let's for Company low-end sixty in heian hosts if the company's successful now that's was going to work out dhaliwal everybody all then you holly like some Forty fifty million dollars zone in another hundred. The details of reward luzon's don't chaser fundamental in united in a garage where it seven ignite in hundred posts. Nearly any cereal strives difference or fifty. Not us has children call switches on sue. I think the way. I now trying to think of our like molested creation and rice. Zion mission is giving me were colin non of all indications of were equation on saying no actually a lot more about donal this team media congress far beyond the dollars crossing on is a phrase over of each time bass learning workout coming about marketing founder was francis one car moore walk and then national me a lot of work out information content for dollar on reasonable. Wage is sullen dirt ninety. She uses ever nist launching our knocking smart and reuse jeez presumably not as exclusive. Brazil is rolling rated frame like should be necessarily. You haven't take a devalue ownership more as though you think about multiples are equally or the other caveat or worship rare ownership we ain't westward hollers house. You you've chosen to join and run two different funds. You know in twenty twenty. It's easier than ever to start upon. How do you recommend people think about the trade offs between starting or joining of unemployed twenty unit. The one that they start might be. You know ten x you know smaller than the one that they join or more color once you start annual today reason. Why was visiting arrests in wire especially salish awesome but people being held as our colleagues on just met in a swing at novelty successful than in the fun size. Who ceo hammer work to people. Difference on your eat hotly yatra fun size where email also a care. Really impacting homey. I rocket fuel show. I run into thinking that more often than not is when a denied in high consequence Fighting financier in judah dollars to help me dose and as angel very attractive especially reality years like our tax. There's reason why in light deleted classical is not uranus healthily obscure and you'd be so five is a great structure rally efe lewis over that year near go sowell your so. Their wage your solaire. Dan's as also minimal viable. You try cutting ways with just no way you can try. Fi avenue finally died. Eighty very news. These re as acts that being a freshly she allows you to give people dream and i to do not having fun size homogeneous. Our.
"angel investor" Discussed on Venture Stories
"Family is considered efficient Lifestyle in surveys sent over shares inserted down. Scientists is is now mine. Zimraya susan -bility seating better so as we want the internal stress in your shannon mostly which one's more than array is not race soluble. All that can easily eat eaten Fascinating more than a soldier which learning at your in your now necessarily watched ryan caveats. Your master Lasted there are soci- season it would be very good. Incubating is is there. Just as year out sliver Were concentrated percents. People can work area while they're say diction his opportunity for go through four or five other material is it fair to say that Like if being an exact While on side is like eater. Ninety ten operating investing and bbc called mbc one hundred zero in investing operating that sort of europe position is is it like seventy thirty or fifty fifty. Or how do you sort of like the the operating brand executive brain -versities sort of Investing my chart want over sedro rooted. raise where it be home was jafarzadeh foward or fronts Wants to advice in front of that model resume lottery through the houses of your railroad the trade offs. Or here's dated roth's rainer. Or here's percy ago she teases owners Being in for is made yields Hustle is probably not useful. it's maybe negative and it's may hopefully lizzy investments tumble. Anger is so fabrics for founders. Were successful us hours before. But her definitely founders morris fan as examples all her family sees i say clearly the super successful but it is is down as your higher shit i wanna segue into into couple. Other topics i is is the topic of day. It's the it's the coin based post. I'm curious for what you think. The significance of that is would that means for for for others just industry large and just get your taxes being operated in company last couple decades. How you sort of think about what he kramer is. The he urged eternally area of low is only all when they singer values. That everyone is actually use our officer woods that allow holiday susan's via viner's sold so the best thing about something. This is very clear that uncertainties not in operate Cleanliness inversely evil frustrated with all of the shock. Trying to be vice. You're all shasha susan. He's more he knows the an companies that are price rosbif. Basically there aren't going to allow looney Issues to they are instead Can hostile watching to come lasted for me. It companies are. Why in your plenty of everybody. So that that's healthy Healthy is when peeling seeds. Like i thought this is. And then. Chris will be very positive. Hers out companies can base fowler saw all saves cheesy analysts us this year us teen years say issues and itchy today so first night degrees days and one side war was started very shocking and i was assigned. She's you ever take -sition on all issues are doritos or is our may assume the primarily fire sent in tampa.
"angel investor" Discussed on Venture Stories
"Roles by realistic account have time to the way around heart but would probably just like in lettuce or he's alive signed probably the water years from now. Is there an overall keefer boy. Theory of personal Wealth allegation yeah follow l. Shijie zillow different houses these exactly years exactly In walls angel staring holiday all astronomers use my jaw running s joins in arlington slide. Swear camera when working here so and for winnings weigh my options are as labor. A wealth is preserved. The most conservative possible is what i do professional a zionist rate while. I don't want some random old advisor trying to create visual gross. That really likes about this holiday recently. Retreating is doing her recently. i. I've actually so is route rate while hosting added that said invasive readers grieving most diverse liner. Steiner's i and his whole point is your ability acciari diverse. And now you know. Very sean sneeze. I okay natural ability. I to recite all. That's why i don't have this ability trade polling equities or useful on so very under cy very safe and then calvin recycled the freshly Large funds different kind of leaving option need over ten years are years and just repeat each on three or cycle. And so you're successful the income side Games lending over old very longer. I do know quite how this result yarmulke folio so us if you honor colonies uniform outer funds a little more trade coffee before your time craze winning auction by extreme you know by sison alerts stats. Bbc on one hundred not suppliers like there's three paths. There's sort of like start a company or be an opera exact in angel. Decide you then. There's be a fulltime. Vc and then there's also like be fulltime vc. Incubate opendoor ingrained debate a company And a lot of people here are sort of thinking about which those state they should or could potentially do. I'm curious what do you think separates sort of like people who should be exactly angel invest. I e should be a fulltime. vc verse. How do you pull off. Even the beautiful embassy incubate On the side. What sort of inside you have more judicial holds that say you want to be exacted us access skill society. You're writing team building. As and is your provision atmosphere at austin says he sees is very director cise in. There's not much things is a claim to different words. This call our call and claim also idol. But they're even genesee pressure sores in raleigh north nurse. Did you see these are most interesting are your interests. Ucla everyday role. And there's also the wolof were ecology Narrow narrow narrow journalists Viciously something why you see your shoots. Saturday is if you life's role. The almost a sack holidays is a great job soon viciously as his own donors visitor. A logger Analyses down is a version of home. Your thoughts and that ask questions. And this is ricky. Kinda dial easy is puzzled. Role is to make. Decisions is her Make all or sas. Don't want to over by decision realty versus detectors sometimes every now and so. It's not exactly job is very different so most people have a more natural state psychological operas let alone you know one of these year is choose vice carson says he sees fastness. There's much worse joss. Your.
"angel investor" Discussed on Venture Stories
"I am six is illegal necessarily want that you're looking for shrina on us inside you'll be for high. Standard deviation outlines not extreme alertness early as executives or usual rb ver- hours was means. You're going to be more stage. That's fine. I just needed diaries. This all any say. And now they're very happy ever and maccabi on our israel really ziebel successful and try out hiring earlier. Stage is news earlier. Stage officers and the hit rate stuff our overall portfolio allocation. A lot of people. Here are people are different financial positions. They're wondering what sort of what percentage of network they should dedicate to angel investing and then of that amount house or diversify concentrated. Should they be in their angel. Investing what advice do you have those questions in terms like overall How are using about sort of wealth. Allocation and diversification and what percentage angel investment places Relative to other other parts and then let's get into angel division within messing owl's vicious faster internet as-as not evening service role. One way learning was always in your area. Ross since and sue New of house. I do solar in rules. I ask while rude. Do not sell funny. You may want to help people. Will you wanna help yourself all your credentials. Then there's the initial jeter search for off from that one is actually a messy as either experiment results. You are a master over all that other wash partial muster greater in on what makes boll allies allocate different size tax the reserves or non reserves girls there ever starting off. it wasn't designed state money open away. i'm not a goal is partially scientists companies. Offer the early in the house telling our doc. In wilmington by the investor talkers. Starting with sills in writings are wrong on her job. Search seventy I wanted to see on says out. We all would angel investing leads to. I wasn't really. This is sorry it was only a arly limo years later that started producing returns in. It wasn't a thought it worse things things not necessarily the. Let's say hypothetically to on a little bit like somebody's saying allocate your five hundred thousand dollars a year. You know something that might be. A lot of. People might be a little for angel. Investing is like a simple thing like ten year fifty. Like would you not think about it that way. Or how would you recommend that people think of this general used. You know it's largely financially driven that you'll be turkey. I access does some of the falling over in shijie redoing schreiner year. That assumes that you're not take on slater do a distress and also some ashamed. All our entrepreneurs donning niece. There's a bit of this. Federal is saying our companies founded in two thousand three or war may better than sat on. Utah were crossword. I wouldn't cry for year. Would already ness cop three years or whatever mike wells i wanna see room to gina goals so enjoy financial sign joining with our going to assess all never do done. Homeworks eatings my instincts are are rents and light. Trains us army soon measuring one or two years later is a slam dunk. Your.
"angel investor" Discussed on Venture Stories
"You start out as angel. Investing in your friends were coming out of pay pal on. I'm curious how you are trying to be. I you i think you are. Maybe taking board seats ramsey reports. How do you think about sort of how you got started as an angel investor when you started. How do you compare it to how you might do that. If you were doing it. You know twenty twenty sure so the major lesson spirit writing like three hundred thousand five or many reasons not sure it worked for me the as it would be today i was gonna wanna be angels. She doesn't three still kind of the winner alley. Internet bubble exploding to vary wanted to either professional or amateur. Uc's angels wanted us companies just by by definition might be interested in willing to address. You set yourself. Har- for era dates doesn't By and she became semi for people is reasonable. Will rage is. It wasn't a choice to Obviously given the last day everybody vaster areas soil. Fire code sue. The easiest are just like us. He's the lions wants to find concrete. There was liberation angel estimates the any of the in pattern and eating basically substitute for angels life. Differentiating is pretty important. Differentiation initially was via tree. Angel asking Faculty team general. A c being is worth a company whether this is joining or rockers in handled in our through the osler say key benchmarks that will be presenting masters understanding series ambassadors united states rosa transparent than what funds who is very. Rc's charles in. The city was seen eight. Y'all our npr helping not just. I'm not sure the astle now on sar in an important thing early angel was flashing. How son received social movements solid saul. Bc's wanna need. Camis of your was the i. I heard all reduce is your. I handed as interesting product. He is e. y. You're not so interested in your ears. Songbird credibility heritage us her. Sustaining our emails. That not only the shot stream sue. He's not he's option value investing them rakes lonnie taxes through the style. And going to your roots. These aren't our Bits of offers and then all of a sudden. Cdc will serve died. Actually shoes louis investments. Immersing us i. Three of the four five that are available for sure Since the original knossos were like for sri relate. You hear some other yell a downhill from there. S a reason. Why also for it wasn't accidental. Wasn't conscious either. Was all this found people area. You ever seen one. It was found. Holly ali don't quite well. All students investing is for holidays. So accent the mastermind. Four ali's sooner. I didn't know this or you there. But it wasn't laying out a southerly. East assessing random founders. Now news every single alley legend workable shoots nazis years years. When you're not well known as the name of her she might be pretty good. What's your brand flash. Learn how to you know ebbing player narrows it. Actually soured is the hardest. Part is actually narrate. Zoo to play is our at home as she doesn't unit. Remember her awkward ashley suitable temper. Starting citizen is decided revealing everything sort of derives not get you your processes first meeting. You just lost. Opportunity is early and then zita earth meeting new set of Incident meeting doors insane sharing the crates morente sauce and actually reverses the year over solid state. Disaster weather's age or or is this the use of this year not whose year number of rossa over twenty roughly twenty yours is acidified. But the number meetings shoots again. That's eight giddings decline that. Turn your companies like this need not remind she greater Greater mistakes filter. And are there any sort of communist made went when you filtered incorrectly or any sort of. You've about how how filter better on the person meeting or would advice. would you give their nazi. All users rowers genius elitist rollers writing. My experience is digital schedule. Diesel crossing our any. Yes is terms of viral and hours. You issue you hold on summer slots for me. So research certainly covers was running things voice only hours to nato. As the your were lost the also have fire fire were z's you weren't was Cetera obsersa- me hours a day and not any better truthfully. The jury i think is still thinking stays on. Culture not usually leading. I still may. You hired principles you know so you.
Using YouTube To Build A Brand
"Over the past several years the accelerate your business growth podcast has gained recognition as a great resource for small business owners sales professionals business leaders of all kinds and that is really because of the guests. These are people who have expertise in a particular area of business and they join me to share their expertise with all of you that way. You can get the answers you need. You can Find out who's out there who's really talented and good at what they do. See connect with them. See what books worksheets. You name it. There there's all sorts of good coming out of this hide. Cast instate is no different. I guess today is jeff davis. Jeff is the founder and ceo of maglio inc. A venture backed creative and media analytics agency famous for building brands on youtube with capabilities to also originate co create and validate new brands. Thanks so much for joining me today jess and it's a pleasure to be with you. It is a pleasure to have you here. And we're gonna be talking about youtube which i have to tell you is such an interesting topic for me because it's one of those things that i play with but i'm not really sure that i am doing what i could be doing to really maximize it so while i know the listeners of this i'm looking forward to getting a lot out of it as how fun. Yeah the one thing that Is been you know since my departure from procter and gamble. We spent more than a decade now on the youtube platform. So it's it's kind of ironic that it's been you know at that platform. You launched in in two thousand six is now quite an old platform. I honestly but still one that i think has major impact for how you create awareness and trump for products. So i look forward to talk to you. Yeah definitely and and you know what everyone says is video is the thing and so while youtube has been around it and my understanding. Is that for the longest time. Youtube has been like the second most searched site on the internet after google. That's correct that's that is still a factor that the second most used search engine people don't get that is youtube behind of course google and all of owned by google And so what. I like to say if you don't have at least a channel if you don't have some content that is searchable with the right words etc you're foregoing the second most you search engine in the world crazy crazy and and i think people might have sort of grown up with this idea that unless you're doing a how to video or sh showing someone had a take a washing machine apart and put it back together. Which is what. My husband uses it for That you don't need to be there but that's not really true anymore. Yeah definitely not in fact if you take a look at the most significant growing trends I haven't seen this now for for for a few months but but it's probably still holds true. You know how to videos are a major growing piece All of several categories including beauty and and skin care and all of that those are major categories and then if you look at the educational components and educational being a very broad topic but if you just take a look at khan academy or or the number of sites on there that are just geared for educational learning. I joke around. You could get from from youtube and it would be more valuable than a than a stanford or harvard degree because the content is so incredibly rich. Yeah that's interesting. I think you're probably right about that. Because it's practitioners teaching what they now. So you're getting it from the horse's mouth so to seek yes exactly yeah okay So what do you think is the biggest mistake that business owners make when they're building a brand on youtube that's actually an easy one and Ended up being one. That has been the case for some time. People are starting to figure this out but one of the biggest mistakes you can make is having content designed for another platform even another digital platform. Instagram facebook video. And that's done just assuming that. Oh you can just repurpose that to youtube. And the reason why i say that is that in general we found we were one of the first Consumer products so one of the famous parts of my story you know having served a couple of decades at proctor and gamble and then leaving and then joining the startup world and my first company was a company called or brush inc a or brush tongue cleaner. And it was this crazy cool product. That was patented from dr bob wag staff and he had tried to sell it to png and he had tried to license it to johnson johnson and it was was a tongue scraper. Ninety percent of bad breath comes from bacteria on your tongue and he had created a really great product t to remove bacteria from the tongue and he had tried to go about it. marketing it With traditional means one of his last failed efforts was a was an infomercial where it just failed miserably. And he ended up meeting with a couple of young guys. Here in lake city utah. Jeff harmon and And neil harmon and jeff was just one of these guys. That really wasn't early guy on youtube and was doing all new. All these insights and outs and And so we ended up launching this product on youtube. I was the angel investor and eventual. Ceo of or brush and the cool story about war shits in two thousand seventeen youtube. Recognize the ten most iconic admiral moments on youtube from the two thousand five launch of youtube and brush was one of those ten. You would've done. You may not have recognized or brush but you would recognize the other nine it was it was always like a girl. Campaign was the jeff gordon. Pepsi campaign was the kyrie irving Pepsi campaign with uncle drew. They were just these really iconic youtube long form campaigns that people are starting to figure out that maybe fifteen second or a thirty second or one minute was not the best way to to create awareness and trial for your products and services
Learning with our Kids through Digital Play with OK Play App Co-founders Chris Ovitz and Dr. Colleen Russo Johnson
"Hi I'm probably next high embraced. The I'd were sisters, Fred Solders, wives, and business. And we're just falling three. We know. To be a better version of herself every day. All right and we're also. Welcomes. Sisterhood. Hi Emma what's up everybody? How are you? Do everybody I'm great. How are you? Yourself. Do I wanNA, introduce myself. Yes I do. Hi everybody. My name is Lena. I, am Bruce's sister. And I am a mom of three girls nine, six and three year old right now, and we're just trying to survive. who at you on the other side of the Mike. I am also your sister Duh. I am but he Lopez mother of two of a three month old and a fighter old little boy and my little girl who was just born three months ago. Just trying to be me being you know the best near can be embracing be. Husband. I had to have a high note shuttle the has. To the husband's Yeah I mean, we're just assist in women trying to be better rational results every day. If you're new to the show. Welcome to the Super Sisterhood, and if you are og longtime listener Sept- ladies, we love you. Also. Don't forget to follow us on our Social Media Instagram and twitter at underscore. So but Romance Facebook, Super Roma's podcasts, and on the Web Superman dot com, you can check out or previous episodes newsletter subscription newsletter all the articles that we have just check it out to romance dot COM If you WANNA, send us a note you can do it by sending us an email at hello at superman dot com or you can call us at four to four, three, two, six, three, seven, seven. End At the end of the show, we have our favorite favorite segment, the pick or tip of the week. So stay tuned for that. And my favorite segment mind theory subject to subject segment not subject my second subject to subject to name to. who do we have on the show this week? Today on the show this week we have two great very smart in a in a high achievers I would say On the today we have Chris over to is a president of the company called. Okay play. It's an APP that I started using that will come very much in handy these days of virtual learning. So again, we have Chris Hogan, who was President a dad on for your boy and Dr Colleen, Russo Johnson. PhD, and she is a chief scientists and Mama up two toddlers for for the okay company in the okay play APP, which is a little bit about Chris who is again the CO founder and President He is just a serial entrepreneur I mean like his bio I can go on and on and on. Angel investor he's invested in companies like beyond me and block renovation. When he is a member of terrorists next establishment list and graduated from Ucla with the history by just like a serial entrepreneur and Dr Combing Russo she is again hundred scientists in she is a de mental psychologist with expertise in children's media and technology who serves as an adjunct professor at Ryerson University in codger rector of Ryerson's children medialab She is a senior scholar for silly center for scholars and storytellers and the CO author bestselling Children's Book Dino Dana Dana Field Guide again she is like the. Best person to talk about what's happening right now with virtual learning and what did we talk about Alina? Love. This episode I love the APP. I think it will. It's first of all they launched this. This APP during the during a pandemic, which is in of itself. Amazing we talk about emotional learning. We talk also about how to choose right even a good app for your kids and what makes this APP different which is again, the emotion social emotional learning and. How these actually involves the parent lonely the children and how it translates from the APP in the device to outdoor play to more than play and I, love how they came up with the name any. To play with the kids. So we talk about that. We talk about perspective of screen time. What's good what's not good you know what what to do right now with the kids and how this APP has helped our families as well in many other families. So I'm excited for for this episode end for the APP. Awesome. So but before we get into that base, yeah, what's up with you? What's going on what's up with me? You know. With me like every day seems to be the same thing. I'm just trying to gain for routine with were in. You know just having a Monday Tuesday Wednesday Thursday Friday schedule Northern, I actually took up a new wouldn't say my. was is that a hobby is. Added something we were routine which I really like he's in writing letters to his friends. Then he would aches and we're going to the post office like every other day I try not to do it every day, but he wants to go every day. here's a couple of letters and heap envelope and puts his postage stamp, and then just you know we go to the office in everything. That's pretty cool. That's kind of like the new thing we're doing here I bought him some stationary. We should be coming next week, which I'm so excited Abou-, he has going to have his own stationary. And the customized initials yes. It has his name I got I couldn't decide I couldn't decide on witch on which science. So I got him to design. I'm very site for people to receive a customer stationary and the baby. She's she's just living her best cuter every day Chubbier every day or she's those beautiful three months old like chummy legs and Chevy she eats them. As she started to mile a lot more and talk a lot more and. She's being like the Pistons such a great baby you know I can't really complain about her. She's awesome. Obviously still not sleep through the night actually migrated her bedroom I don't know if I share that already. Oh. Yes. She's been living. She's living in her bedroom for the past two weeks already. Like I actually moved into her bedroom before to turn three months. And she's been doing well, she's only waking up once usually runs for now. I, mean I'm just hoping that like continues
Becoming the Director of Your Life - with Fritz Brumder & Jerry Colonna
"A. Fritz. Each. You could mean, she was jerry thanks for coming on the show before we get started. Wanted you just take a minute him introduce yourself. Sure my name is I her I am the CO founder and CEO of a company called brand lives. We are based in Portland Oregon and I've recently exited the business in now I've moved my family to bend, Oregon and things are going really well right now. But. Wasn't necessarily always that way. So we'll get into kind of Janta Printer Journey of brainless. Was the. CEO. Wasn't the. Would it be helpful to talk a little bit about the was the CEO Journey? Yeah I think what's most helpful for me I. A now out of the company that I started it was. Over a seven year process, but we are really in a hard for seven years. had one co founder in the company, but he was just really on board more. Of the initial co-founder Story a little bit more but. I am in a period where I'm still kind of decompressing from that process. It ended well on a minute. Really good spot right now. Have some breathing room and have time to think and be creative and and working onto passion projects and hopefully launched my next company. But as a result of some of the like. The turmoil I experienced as a result of starting in next thing, my company. There's a little bit of fear in that process of. One in my ready to. Jump. Back on the hamster wheel knowing that the energy and effort that it takes to start a company from Ground Zero just to give you a little bit of an idea of scale, we raised around five million in capital. Peaked at about fifty employees and contractors and. Had Global operations throughout the world live video delivery tool. So basically create communication and collaboration for product companies or customers were. People like Nike Levis go crow. So it was Super Fun ride for the vast majority of it, but also pain along the way. So. Maybe before we SORTA die being. Where you are now. And some that fear, and maybe we can spend a little bit of time sort of plotting out a little bit of a path forward. I think for context it won't be helpful to talk a little bit about. The transition out and what the last few months were like. Yeah. So my first question is, why did you leave? Well it's it goes back to about a year ago. So the company. was doing really well, we navigate a number of things that mentioned have one co founder and we we were a spin out company so. You know from the early company creation process, we navigated some pretty tough decisions very very well, and then we grew in that process was insanely rewarding fantastic management team culture, the company momentum of becoming the May. Top four hundred of Inc. five hundred list of I two to three years in business that we were growing well over one hundred percent those first couple years. On, and then just as the numbers got better know even though we're adding over a million in a are. The percentage growth rate was telfer and I started to notice some issues with my own in particular. I was just we weren't seeing eye-to-eye in. Too. Many situations. And started to become a problem out as we are trying to make sense of. Why is the company not growing over one hundred percent anymore Even, though we were making solid progress, it was. Challenging to make sense of that. I had one one venture capitalist one angel investor, my co-founder, an independent on board. So I was I mentioned been to rebuild circles and I was looking back at my journal entries from a lot of those sessions. There were times where I realized. I don't think I have the right border I'm not really managing my board the right way. and. I tried a number of different things to sort of realign redirect. But, ultimately, it led to me trying to make some changes on board. And then I walked into a board meeting. Only, two board members were there. Now, that kind of meeting goes and that was February two, thousand eighteen. And so they said, now's the time to hire a new CEO identify contest job for but. We want to his company next level we feel like it should be growing over one
4 Things Every Angel Investor Needs to Know About Your Idea
"Lot of these people think that by throw around big words. You know technology enhanced enablement strategy. You know the bigger words get more I shut down. So I don't really I don't WanNa hear It's not that I don't understand they're talking about I just WanNa. Hear in Nice Plain English that everyone can understand. What problem do you solve? And how are we all going to make some money from you solving this problem and then let's talk about who has the problem how many people have the problem. Let's just make it really really simple. You don't get any points for looking like like a smarty pants in my world to me you know and I've been around this block here a lot and when I know is the most people are busy looking to the left on the money is on the right they have no idea. They're jumping over a hundred dollar Bill Nichols.
How to Make Your City an Entrepreneurial Hotspot
"Brad Feld welcome to the show. Thanks for having me. I'm delighted to be here. Brad. You've been a leader of the early stage investor for a very long time. In fact, you found I think one of the most important startup institutions techstars. How did you get started in this whole startup community? Well I started my first company in one, thousand, nine, hundred, seven. and. With a partner grew, it was a self funded business. We sold it to a public company in one, thousand, nine, hundred, ninety, three. I started making investments as an angel investor with the money that I made from that but I told my wife Amy. That We'd move to Bowl I told her that we'd be we we leave Boston. We're living by tomorrow was thirty. She told me she wanted to move to boulder about two months before I turned thirty and I was welcome to come with her. Sounds like. Right it's kind of. Talk goes sometimes. So we went and we moved to boulder. We knew one person he moved away. So when I moved to Boulder in nineteen, ninety, five, I didn't know anyone. And I didn't really expect to do any business and I was investing on the East Coast to the West Coast flying around all the time. And what's happened over the last twenty five years is not only have I been involved in creating spectacular startup community in boulder. I really got my mind around what a startup community was. I labeled it with my first Burqa two thousand twelve called startup communities. Came up with some fundamental principles around it but importantly. Had Two assertions one every city in the world needs a startup community as part of the engine of the city for long term health and development. The. Second is that as humans we choose to live and bill are like around it rather than go somewhere because as the cliche used to go. If you want to build a Tech Company, you've got to move to Silicon Valley and maybe you in two thousand twelve and it's reinforced today by what's happening around the world is that you can build great new companies anywhere in the world and. The startup communities that have evolved everywhere in the world support preneurs building couples, and that's why I think you're you're the updated version of your book startup, Communities Building Ecosystem in your city, which comes out this month is so important because as I used to travel around when you remember when used to be able to travel by air use again, an airplane Brad and was no problem Oh. Yeah. That was. Can't remember it seems like we used to do that. Maybe even last year I exactly. I would visit these cities against age I would speak and I was an angel investor in the early two thousand people say, well, we can't do that because we're not silicon valley right? We're not boulder. We're not Austin. But as you say it's important and you believe that every city can do that. Where do you start? There's lots of different. Pieces to it. But the very important starting point is to recognize that the leaders of startup community has to be entrepreneurs. So you have to look to and have a critical mass of entrepreneurs in your city. Or committed. To taking a long-term Journey Alec to say at least twenty years. To, build a startup community in that town and it's especially powerful for entrepreneurs. You don't have to be successful you don't have to have had. A multi-billion dollar exit, you just have to be someone who cares about both building companies and building, your company. Entrepreneurs in general intercity, and that's all you need to do to be a leader or there's lots of other people who contribute to the activity in the startup community including lots of organizations city state government? Universities. Nonprofit organizations corporations. But you need this critical mass of entrepreneurial leaders and it's it's important to recognize it. Nobody appoints that it's network not hierarchy right? So you have this emergent phenomenon I and the new book that I wrote with Hathaway, the startup community way. We talk about the startup community growing developing as a complex system. It's not one with deterministic outcome. You have lots of things that are constantly interacting with each other and I'm holding and you come back to this notion of network instead of a hierarchy, there's no president of the startup community. There's no vice president membership or vice president of education. There's just a bunch of people interacting with each other who are playing leadership roles with a focus on growing and evolving and developing. Got Their start up community
Protecting Your Assets
"On my guest. Today is Devon Miller. Helping Fortune one hundred clients with their intellectual property Devin realized that there weren't many good intellectual property legal resources for startups and small businesses. As, an entrepreneur himself, he wanted to help other small business. Owners learn about patents, trademarks and copyrights. So they can build value into their businesses and protect their assets. And that's what we're GONNA be talking about today. Thanks so much for joining me Devon. Pleasure happened to be on. Glad to have you, so talk to me some about how a business goes about protecting their brand or Invention! Yes. Oh, maybe it's easiest I'll give you a really. Quick overview is kind of the different areas. You can go about protecting year their cyber small, this or any business, so if you're look at if you hear people Kinda referred to, there's kind of an umbrella term that would be intellectual property. That kind of if you WANNA referred to the the big. Big The big topic that it'd be intellectual property, and then underneath that you basically have what are patents, trademarks and copyrights which are then what used to protect so patents are gonNA. Go towards anything. That's an invention, so if you creating it has a functionality invention as a product is software anything that you know does something that's going to be under patents. Trademarks are GONNA. Be More for a brand of anything about anything that's building your brand whether it's logo whether it's a product name or company, name or catchphrase anything it's basically brand related is GonNa fall under trademarks and copyrights are going to be more for creative work, so if it's a book or a video or a picture or something that's more on the creative. Creative nature that you're grading than it's GonNa Kinda Copyright, so those are kind of the three areas that you can protect her protector, grow or protect your business depending on which one and a Lotta. Times you'll have you know multiple ill fall under multiple those verticals those are kind of the main areas that you use to protect your brand or protect your business. Okay. That's great, okay so. Let's start a break it down, so talk about wide patents are so important for protecting an invention. Yes, so there's a few reasons and. Always joke that you know. Ask An attorney, a question and Dwayne. TURT- whether or not they tell you the answer is it depends because that's all out over solitary question, but I'll give you a better answer than it depends so, but so when I look at patterns, and you can always protection. There's really a few different strategies that companies are going to look at for why they may WanNa. Patent or why that may be useful, and so one is obviously to protect an event. You think hey I'm putting in a whole lot of blood sweat. Sweat, and and money to develop a product or to come up with something now want to be able to protect it. I mean meaning I don't want somebody to take all my hard work, and then knock it off or copy it and be able to say thanks for all that time and effort now I'm going to do it faster cheaper. Better not have spare the expensive all the development. That's where he are one reason you get. A patent is in order to protect that. That work has become an actual asset or right. Then you can go at enforce and stop others from knocking offer copying all of your your idea and your invention with that the other one is also more on. It's an actual assets kind of investable that you know you. You can use that as an asset of the company, so if you're to think of if you're going out to angel, capital or venture, capital or angel, investor, venture, capital, or someone that you're trying to. To even vans even use them as collateral for a loan, but you're actually away to capture a lot of the asset of your company, if a lot of it is an in your head or development are and be know the end product is great, but there's a lot of time there for research one way that you can actually capture that as an asset of your company that then you can get in valuation, increase, evaluation, bomb, or way trying to do so those are generally. If, you're looking at why you'd WanNa Patent and what the? Reason. Motivations are as one as either to protect and capture all the time and effort money into research, and the other is to build as an asset to the company.
Has Canada reached Peak Craft Beer?
"Do you know how far away from you your nearest brewery is. I have no idea where you live of course but I'm willing to bet. The answer is a lot closer than it used to be. No matter where you live in Canada and this goes I. Small towns of like three hundred people in cities of more than three million there is a craft brewery around the corner over the past decade. The rise of craft beer has actually been one of Canada's biggest entrepreneurial success stories but how long can that really last as an example? There are four cool little India Breweries within walking distance from my house. And I love it but I would have to be stupid to expect them all still be thriving and five here. Wouldn't I I mean there has to be a limit to how much Canadians love their beer. Right Jordan Heath Rawlings. This is the Big Story Stephanie. Marotta rights for Global Males Report on business. Hey Stephanie thanks for having me no problem. We're talking about one of my favorite topics. We had to do something. That's when I picked up the phone and said I'm calling you to talk about beer. Nolan's hung up on me amazing So start by putting into perspective. I guess because we're GonNa talk about this whole industry just how fast and big the rise of craft beer in Canada has been. It's been incredible. I think one of the reasons the story is resonating. So much with people is because no matter where you are in the country. It seems like there's a new craft brewery opening every month. Almost it's just skyrocketed so the number of breweries over the last five years has more than doubled so in two thousand fifteen. We had three hundred and eighty breweries across the country. That is now almost a thousand. It's crazy it's been astronomical and really that growth looks very different depending on where you are in the country so in Ontario British Columbia and Quebec. Those have the most mature. Craft Brew Industries at the moment and the between those three provinces they make up more than seventy five percent of all the craft breweries in the country but that growth has really caught up in other regions as well so last year. New Brunswick and Nova Scotia saw some of the fastest rates of newbury openings in the country but really Alberta led the charge on they saw sixty percent increase from seventy breweries. Two hundred and twelve breweries. Year-over-year year over here. So it's been an incredible amount of growth and when you have so many players coming into the market over just half a decade. The growth is just astounding. So how does that happen? A part of that a small part of it may be is the cool factor. No no that episode of high met your mother when Ted and Barney say that they want to open up a bar. It seems like a really fun place to be. But what's really interesting? Is that when you actually get to speak with these brewers? They have the most incredible stories. These are lawyers and engineers nurses and former Labor workers who are leaving their careers to come into this burgeoning industry and they're starting off by brewing in their garages before they scale to larger brick and mortar institutions. And they're starting off in these communities. That are really hungry for some economic development. So they're creating jobs and they're bringing money into the area. That's an attracted a ton of investment so from government investment arms like the BBC to private equity investors. A ton of money has been flowing into this because everyone wants a piece of this pie of on one end the success story of of creating jobs in an economy. That looks like what we're in right now and then on the other side have being able to say that Own a piece of a brewery. That's something really fun to say right. Answer the government gets into it then because these are popping up in neighborhoods that could use sources of jobs and economic development and so they will give them start up money essentially. Yeah through a couple of different methods. So we've seen a lot of investment from from governments into the sector so last year we saw the federal government and the government of Ontario Invest One Million Dollars Into Twenty craft breweries in Ontario. And that's in addition to a one point six million dollar investment from two thousand sixteen now while that sounds like small amounts in isolation. We're seeing a number of provincial governments across the country. Do exactly the same thing and further that we're seeing economic development arms like the BBC and the Atlantic Canada Opportunities Agency investing in in Craft Breweries and providing them with start up loans. When you put all of that together with a national scope that's a ton of money going into opening new breweries and then on the flip side. We've seen a lot of private equity go into this as well so often times when breweries can no longer access government funding for whatever reason it seems like a pretty easy thing to go out and find an angel investor venture capitalist. Who who wants to throw a million dollars into into a berry so this growth is still happening this year as we're talking. Yeah so the growth is expected to continue to climb. I was chatting with the Canadian. Craft brewers association and they expect another two hundred craft breweries to open up this year alone. That's a twenty percent increase year over year compared to the thousand that we currently have so. It's it's just going to continue to rise but there's gotta be a tipping point right like how much beer can Canadians reasonably consume. And I mean that seems like a funny question but it's not like at some point we're going to saturate the market right. I don't doubt the Canadians can drink their fair share of beer. Sure at all But I've seen a number of industry watchers trying predict this tipping point. And this moment where we're going to hit peak craft beer and I've had a lot of conversations with Roy Moore is the people who fund And Brewery Associations and from what? I'm hearing across. The board is that we are at this tipping point so we're seeing a number of craft breweries closed. Get put up for sale or diversify away from craft beer altogether and a large part of that is because Canadians are drinking less beer really. We're seeing it in the numbers so fifteen years ago. Canadians drank so much beer. That beer sales made up for fifty percent of all alcohol sales in the country. Now it's at a point that's only nine percent and that gradual decline is quickening now. It's not all doom and gloom. Canadians are still drinking beer. Just in different ways so one bright spot is that comedians do seem to be drinking more craft beer even though beer sales are declining overall. So if we look at the L. C. B. O. Just to is late that as an example last year craft beer sales increased twenty seven percent year-over-year now that is slower than the forty percent increase in. They saw the year before in twenty teen while. They're still seeing a spike. It's beginning to slow down and despite that big surge in people buying craft beer. It's still only accounts for ten percent of total beer sales at the L. CBO. It certainly accounts for more than ten percent of the shelf space. It does luckily for grab brewers. It does a lot of liquor. Boards have been increasing. Their shelf. Space Craft Breweries little bits every year. Like Nova Scotia Liquor Corporation. They've increase their craft beer shelf space from twenty-seven percent last year to thirty two percent this year so we are seeing marginal increases and even at the L. C. B. O. I think is about eight years ago. They they listed thirty three different craft breweries and now that's increased to one hundred and eighty. The issue is that that falls far short from the three hundred breweries. That are in Ontario alone. There are one hundred twenty breweries that can't get listed and even if you are listed that doesn't mean that you're in every store across Ontario depending on how much beer you produce. You might only be able to get listed in two or three Elsie. B O's within a certain distance from your store so that speaks to something that I wanted to get out because you talk about. How startups for Craft Breweries are exploding? And everybody wants to get into it. And it's not that hard to get funding and get going. How difficult is it to sustain a craft brewery as as a business you know how many of these Newbury's actually break even Make money statistics. Canada says that only fifty percent of the small to medium size breweries in the country are profitable and from speaking. With brewers. It takes about five to seven years to start turning a profit now. We're at an point in candidates beer industry because craft beer really started to grow about five years ago. So we're just now hitting that point where craft brewers are starting to figure out whether they're able to make ends meet and what. I'm seeing a lot of something that I'm hearing. That crafters trying to do is they're trying to get in on different segments. That are growing faster than craft beer so at a point where consumers are moving away from beer and drinking more wine. They're drinking more spirits more ready to drink products. So I'm hearing. The brewers are getting into distilling. They're getting into some of. Those funds Seltzer products. That are more low calorie and speak to a healthier lifestyle. So you're starting to see little tweaks and you're also seeing some brewers start to realize that maybe they can't make this work after all this podcast will be right back after a really quick message. Can you guess the average dollar amount Canadian households have in savings according to the most recent data? It is just eight hundred and fifty two dollars now. The recommended rate of savings in Canada is ten percent and traditionally Canada's historical rate has been around seven point five percent last year though. It was one point seven. That doesn't sound like a lot because it isn't it can be hard to save today for people who are often carrying debt. It can be even harder in fact thirty nine percent of Canadians right now of all ages. Don't think they will ever save enough for retirement. So how do you save when there's not much there to start with? Well you need a plan and we'll be back after this episode to you how. Rbc's my advisor can help you get started even if you only have a little you can visit our BBC Dot Com slash advisor to find out more right now or enjoy the rest of this podcast and we'll be there at the end to tell you more.
"angel investor" Discussed on Hustleshare
"The <Music> show <Music> the hustle <Laughter> share podcast <Speech_Music_Female> is brought to you by <Speech_Music_Female> paying I <Speech_Female> near a <Speech_Female> digital payment platform <Laughter> that provides <Speech_Music_Female> online money transfer. <Speech_Music_Female> Would it's <Speech_Music_Female> fast flexible. <Speech_Music_Female> Secure <Laughter> and low <Laughter> cost solutions. <Laughter> missus this <Laughter> <Advertisement> across the world <Speech_Music_Female> <Advertisement> can pay and yet <Speech_Music_Female> paid globally <Speech_Music_Female> visit Paige <Speech_Music_Female> near Dot Com <Speech_Music_Female> now <Speech_Music_Female> also by <Speech_Music_Female> caliber <Laughter> is <Laughter> the easiest. 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Dot tripod <Speech_Music_Male> dot Ph <Music> <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> <Speech_Music_Male> for me. I've sacrifice actress <Music> <Speech_Music_Male> <Speech_Music_Male> but <Speech_Music_Male> there are certain sacrifices <Speech_Music_Male> to get <Speech_Music_Male> you want to be but <Music> that depends on what <Speech_Music_Male> peritoneal <Music> <SpeakerChange> <Speech_Music_Female> <Speech_Music_Female> <Speech_Music_Female> welcome <Laughter> to hustle share <Speech_Music_Female> the <Speech_Female> podcast features <Speech_Music_Female> daily grind <Speech_Music_Female> so unique hustlers <Speech_Music_Female> around the world <Speech_Music_Male> to show <Speech_Music_Female> not our differences six <Speech_Music_Female> <Speech_Music_Female> hustles <Speech_Music_Female> very much <Speech_Music_Female> alike. <Speech_Music_Female> <Speech_Music_Female> Now here's <Speech_Music_Female> your host <Speech_Music_Female> roster <SpeakerChange> <Speech_Music_Female> beep young <Speech_Music_Male> <Speech_Male> welcome to episode <Speech_Male> sixty three <Speech_Music_Male> of the Hustle share <Speech_Music_Male> podcast. <Speech_Music_Male> My name is <Speech_Music_Male> Ron Stir <Speech_Music_Male> it on your host. <Speech_Music_Male> This episode <Speech_Music_Male> <Advertisement> is powered by <Speech_Music_Male> <Advertisement> pay near <Speech_Music_Male> <Advertisement> a digital payment <Speech_Music_Male> platform provides <Speech_Music_Male> online money transfer <Speech_Music_Male> empowering <Speech_Music_Male> businesses <Speech_Music_Male> around the world <Speech_Music_Male> to grow globally. <Speech_Male> We are proud <Speech_Male> affiliated a podcast <Speech_Male> after Asia before <Speech_Male> we begin. We'd <Speech_Male> like to remind you that this <Speech_Music_Male> podcast not for <Speech_Music_Male> kids so <Speech_Music_Male> make sure your kids. <Speech_Music_Male> When you're listening to <Speech_Music_Male> this <Speech_Male> <Advertisement> day we're going to be talking to <Speech_Male> a very mysterious <Speech_Male> yet yet? <Speech_Male> Very popular <Speech_Music_Male> person in the Philippine <Speech_Music_Male> startup ecosystem <Speech_Music_Male> and <Speech_Male> his name <Speech_Male> <Advertisement> is Mark Vernon <Speech_Male> <Advertisement> is. <Speech_Male> We're very lucky to <Speech_Male> have him as a season <Speech_Male> finale for season <Speech_Music_Male> two <Speech_Music_Male> because this is going to be one <Speech_Music_Male> of those episodes <Speech_Music_Male> that's going to blow your mind <Speech_Music_Male> away <Speech_Music_Male> <Advertisement> how he was <Speech_Male> <Advertisement> able to hustle <Speech_Male> <Advertisement> throughout his whole life <Speech_Music_Male> <Advertisement> with stories. <Speech_Music_Male> <Advertisement> Like how he. He <Speech_Music_Male> <Advertisement> grew up in Cyprus <Speech_Music_Male> <Advertisement> in <Speech_Music_Male> <Advertisement> how he joined the British <Speech_Music_Male> military <Speech_Music_Male> all the way to <Speech_Music_Male> how he struggled <Speech_Male> from paycheck to <Speech_Male> paycheck <Speech_Male> and even going homeless <Speech_Music_Male> for a long time. Time <Speech_Male> just to make <Speech_Music_Male> ends meet and <Speech_Music_Male> <Advertisement> then Marcus also gonNA <Speech_Music_Male> <Advertisement> share how he was <Speech_Music_Male> <Advertisement> able to turn the corner <Speech_Music_Male> <Advertisement> and make <Speech_Music_Male> a great fortune <Speech_Music_Male> also allowed him <Speech_Music_Male> explore <Speech_Music_Male> the world and learn <Speech_Music_Male> so much <Speech_Male> <Speech_Male> the end because Martin is <Speech_Male> going to show us <Speech_Music_Male> how was able <Speech_Male> to apply all those <Speech_Male> learnings in what <Speech_Music_Male> he does intact cash <Speech_Music_Male> <Advertisement> in <Speech_Male> <Advertisement> fintech ventures <Speech_Music_Male> <Advertisement> all the way to <Speech_Music_Male> <Advertisement> how he invests <Speech_Music_Male> <Advertisement> in startups <Speech_Music_Male> <Advertisement> as an angel <Speech_Music_Male> <Advertisement> invested. <Speech_Music_Male> So <Speech_Music_Male> if you're ready to <Speech_Male> learn the hustle of <Speech_Male> an angel investor. <Speech_Male> <Speech_Music_Male> Let's begin <Speech_Music_Male> this up <Speech_Music_Male> <Speech_Music_Male> right <Speech_Music_Male> <Speech_Music_Male> <Music>
"angel investor" Discussed on Hustleshare
"Don't always make their. You'll have a clear idea exactly all right so guys if you liked that episode so again follow us on whatever podcast APP using and if you guys WanNa if you said any yard line in this episode please go to Hustle share dot com there and lastly the If you want to know who we're going to have on the show in the in the near future just check it out on the healthcare community on and lastly don't forget messages on share chat got bought powered by chat dot on dot. Me Slash also share again. Thank you mark for this. Very great Season Finale thank you very much and I'll see you guys in the next episode peace. Hey Hustler's my name is Stan in my name's grow and we are part of the wrestling wrestling podcast. which is also part of the podcast network Asia families if you want to listen to be noisy fans talking about pro wrestling both in the Philippines and abroad? CHECK OUT OUR PODCAST. And if you want to listen to anything else from podcast network Asia check out everything under the umbrella by looking for us on spotify Apple Apple podcasts. Or wherever you get your podcasts. He is before we go back to the last part of the show. I like to share with you. Something that allowed me me to build amazing teams that I worked with both and Chat Bot gauge and in podcast network Asia. You see the the best way to improve your chances of your startup to become successful your ability to recruit the right talent to build your core team. I mean there's a saying that culture eats strategy for breakfast with the thing is you can't create great culture if you don't have great people you know. I was fortunate enough to get this tool that allowed me to find the best people that I needed in my startups. And it's none other than mm-hmm caliber the amazing thing about calibers. They don't just give you random people that apply for your job positions because they had the -nology to properly screen in batch the right people for the right roles so you won't have to waste your time interviewing people that's not even GonNa make entrust me just like how I built. My teams caliber will be able to give you top notch talent. Heck even my interns all come from calibrate mulberry. A happy because majority of them are productive.
"angel investor" Discussed on Hustleshare
"With this person. And that's just experienced okay. Dealing with thousands of people in the past and that gut feeling is not something you can and just learn experience and figure out. What makes you feel good? That's why it's called Garfield Right. How do you do? I mean what type type of of of moves I guess. What type of exercises are people? You would love to work with or that you learn to that people don't have to go through this eight mistakes recently. I don't know if someone's driven too much by money. So at least two desperate for money someone to concentrate on that aspect more than anything else rather than making a difference product. You know it's going to change people's lives will do something that's better pleasure experience whatever and then for me. That's like a you know back in jail Joan down right Anyone is doing dealing with anyone else. It's the young trust for to a certain level. But don't give all your trust trust to point where you won't get hurt guy goes wrong and then extend that lead footed outside the door. Put all your eggs in one basket all your basket and one exit. If you probably wouldn't know that the joke from Europe nope doesn't make sense like I'm listening Basques from an area in Spain. Okay so anyway what's the you don't you don't yeah. You don't put your everything him 'cause it's like the same relationship. Women puts all the trust in the eye and all the passwords had told them my life and then so yeah the trust level without saying. I don't trust anyone and then right. That goes counter to what you and then extend trust as you develop correct absolutely now lastly through all of this and again wrap this whole season of this whole year. There are less than a year old but it feels blake longer than that. What was the biggest lesson that you've learned through this whole journey and this has been amazing and now the `Nigma is gone? I have nothing but respect for you so again. Thank you for that. But what's the biggest lesson now through all of these experiences you've learned that you carry on you get older and I'm old now okay. I'm still single so no I think. Enjoy life enjoy what you do. Don't do anything that The you know make sure experience negative emotions Asian negative experiences. Just enjoy life if you can kinda hard to give advice to someone WHO's young and they've got a whole pile years ahead eh. But if you don't like your job don't leave it in anger find something but try and find something. You can do what you think. We'll be enjoyable. It's Kinda hard in the Philippines where you just go to make money to live and I've done but at some point is it comes so stage where you say I I really enjoy life and I go to make a living. I think the Philippines. This is a good balance where they don't it is not everything once you make enough money to have a good life people actually care. There's there's there are people always going to lend a hand here here one way or another and you're gonNA find those people but in America it's all about work and make the money and then here it's make enough to eh enjoy life. Life work hardly heart and so on and so it's I I need to give the people understand to stand there and he's just that difficulty in getting there to once you start making more than you would make a job then you start to enjoy life a little bit more because you don't have to work with work and so working smarter heart to do than just witkin hot to work smart and enjoy life but that takes a while and I don't know I can't recommend how you do on each person you've worked it out right. Yeah I mean you. He's got to want it bad enough man that's it you just want to buy an for me. I've sacrificed got married and didn't but there are certain and sacrifices to get where you want to be. That depends on what's protein absolutely exactly but that's a main word. You sacrifice something to get something you know what you you want more down the road appreciate it off the people here just start popping your your pomeranians done the but again Martin we want to reach out you and if you want to go to work and get to experience I cash cone..
"angel investor" Discussed on Hustleshare
"Still. Yeah Yeah So. You're listening to this. How I'm being hit up already but You know to great again. Creating APPs that people use everyday everyday life using again involving caches absolutely Amos and so on so. Yeah I think for me. The bottom line is hi can invest in something where they make a real impact icon. Now what do you look for in a founder because again a lot of angel investors also or founding in Kim all a lot of people probably fucking good at you like. Why are you know trying to win you over? But that's not what you know because I know you're not you're you're honest with me right. I like people are really honest with me. No Bullshit And the dust personalities you get on with and you have to work with them all right so you have to get on with them and you WanNa have fun at the same time correct and so those elements come together along with the business idea and is it. Sustainable Kenny make money can can impact and come together saying yeah okay I should make this investment guy but what are there certain rules that you live by because again a lot of people will probably go feeling got my gut feeling and It hasn't let me down even the ones that whether the business of failed on there's only been one and it hasn't really failed. It's it's just I I know it is dormant and it's It's still friendly and is still carry on but yeah I. There's a lot of people pitched me by don't invest in everything You have to have all those elements come together at the right time and then got it. Well what would you like to see at least if they're pitching because like for example. I'm coming in. I have an idea Mac. Batman had me right and this is what it is. Where is it traction action? Is it not the moments early Early the better but they've got to have some kind of Not Traction it actually getting customers but at least talking under customers invalidating the idea. Are they willing to pay. And then can you prove you know. Ten KUZMA'S WANNA do this and they're willing to pay money if we do so that kind of establish for some arket not just the the idea of validate. That didn't come to me and say this is a good idea. Will you help me do grilled some you you know and then you ask very valid questions. I can do that and whatnot. What what makes you special Brazil? You know. There's there's the science behind side look. If you find GonNa put my money with someone I wanNA know is it GonNa have you know either. Make an impact or is it going to come back. Is it going to allow me to make more money to invest in others and and so you have to ask the the blunt questions I don't want to be mean I don't WanNa make people cry on TV. I mean I think George Joey Grand Canyon. Oh Yeah Yeah Yeah I mean I am when we've been on the joint panel and Russians so I'm quite happy to handle mentally blunt honest ammon life. Just don't WanNa hear any bullshit all right now in terms of let's talk about the ecosystem again as a cheesy question that people probably like fucking ask you a million times already but what what's missing. Or what what. What's our next step as an he goes? There's a lot of movement money money. What money what do you mean by that if you look at Indonesia Singapore or other countries There's a lot of capital flows in to fund startups and so on and he Not Enough people. Don't either don't trust the Philippines or anything. Oh there's not enough market here but that's changing really rapidly now absolutely so like for example. I'm going to be used as a kind of for the UK to go over there and say a British guys come over here. And and I made money and still here. Yeah so come on over bring your talent bring you money invest in Philippines. So I'm like ambassador dare go. I'd rather you know don good come here. Life is better here. It's more interesting absolutely still back there. But we have seen gone so but you know English speaking lodge market domestically to work on and great workers and so on and cost effective effective. So why not come here. But so you need to broadly same as tourism. Annuity put out the word and say look this is good to do business come a and then working with government agencies to actually try and make them. There's no support you know. We're not an island anymore in right nick. Know what I'm talking about this law. Now there's there's a lot of you're making a lot of strides so if you're not doing now you're gonna be a little late. So there's there's it's a lot of movement so come join US started movement number one. And I'm here because of the challenge and I love Awakes I know I like solving problems like billing stuff to solve problems. And that's why I'm here if I gotTa Australia or UK or Syncopal. They've already done it. All Here there's a challenge to actually make things happen. And how do you do that. That's amazing now. Lets US ask the cheesy questions before we wrap this baby up and turned on to a New Year and whatnot. But I'm very very impressed and at all actually of your stamina from go for failure failure failure and whatnot. How did you keep keep going because we obviously have more successes and failures right? Otherwise you wouldn't be here exactly same as you when you had a failure right. Yeah the Big One. Is You have a good brain dead for awhile and go okay next you carry on but it takes part of you you know and you had a little bit of Those more than the normal people would put out there. But you you just do it. I'm going choice does it take. Parkview gives you experience and perspective on where you going in. The future probably affected me in a way that says you know I can't I gotta be lean all the time which is why. I'm not like thousand people strong in my office bringing money from all over the place. I do what I wanted to do. And it's lean to keep running forever. I don't have to worry about it but that that come from that comes from previous experience of doing it growing too big too fast dotted premature scaling so if anything. I'm probably gone the other way. I should do. Certain things but in the past is it. Hit Me So that's the way it's affected me. Okay maybe you. Obviously you've learned a few lessons I'm still the same crazy gay but I'm not sure but but basically operating shoestring as long as you can until you get traction and then you can say okay we the money and then we can grow faster. And that's exactly what I'm doing decarava known you took four years to make money. Wow now makes a bit of money sack about income. I'm very interested interested about passive income. Because you've you again in order for to sustain this type of movement for you it has to be. This is your advice for people so that they managed finances where you You go find for me. is building a product either. service product or a physical product or online. Or whatever where people want it and they're willing to pay for it and that's hard to do so many people are trying to do it but if you go like like if you've got an expertise and knowledge the name pop for example then you could teach at one to one the need to be there all the time making online corporate. You can the free to do that anyway. Create a podcast. It's scalable but physical product. Same kind of thing you know. How do I make this viable able bit harder with physical products? Yeah everyone wants to pass a business. But it's really hard to do because then he gives you the freedom to wherever you want. I did that but it took me a number years like credit. I was like six seven years to get to that stage. How do you develop now? A proper. Got Field Gut feel is again. I understand but you through dealing with people that run away with your money eventually. Have this that really nice. Feel of like all right. I think I can roll.
"angel investor" Discussed on Hustleshare
"A difficult. There's a there's a girlfriend I used to have before go friend. And she didn't leave you again. She was an alcoholic and I was at twenty one. I I wanted to help okay. I didn't know I couldn't but I've tried. But she ended up in Notre England so I went up there to say hello and yeah see. Stay up there for England's difficult north okay. This winter fell val. The wildly lived. There is very difficult to work so anyway Does what I discovered because I was on unemployment only benefit. They give you a bit money every week. Like seventeen pounds a week. It was enough to feed yourself a lot more not again. Somebody called enterprise scheme which is a mega satcher price time. She had put a system in place. So you can make forty pounds a week for one year and then they would help you meant to you in a business. Whatever Garage Yoga you had some ideas? What type citing and graphics into that and with government help and those same meetings on trying to do here as well it's leg they're they're local version of destiny? But that should give you a bit of money and mentor you in a in a place you know they give you free space to work in. And so that's something I'm working with the ICT here to do the same. So Yeah I did that and then I I moved from there. After a few months into teaching They Call Tech. It's government run I Dunno organization and that's where they all this equipment and they he didn't know how to use it Macintosh stuff so I I basically operated it and learn how to do magazines and do production. And now he's teaching people how to do that at at the same time so I discover the ability to learn something really quickly and then teach it like known for years. Yes so that became the businesses just basically teaching people how to do it. Not going that lead onto. I went back to London after your nine year and then worked for company for a couple of years as published a couple a couple of months as a publisher consultant teaching as well and then doing my own so I was teaching every day. It was good money Teaching and then they said. Can you supply the equipment and then you know the the staff grant business very quickly for about a year and then it went bust. Okay so what happened during that first buskers discuss again. Well this is looking up and down if I never seen so many ebbs and flows right and this is again you went there and boom. What what what happened? Well well that they the government we they were giving you a government guaranteed loan was fifty thousand pounds. Now made a lot of money from my I I deal with the same company that I went bust. Okay because they have to buy all his equipment so I bought it might profit moved into four storey buildings supplying all the staff recruitment and training maintenance all equipment stuff and then start picking up clients but my biggest client they owed me like at the end they load about two months worth list of salaries of supplying staff. Wow and venture capital pulled guy. And I'm stuck holding the bill. I'd already paid the staff so I had no choice gold and start again. That'd be weeks brain dead and then you start again okay. Now let's see. I think I need a break. This is this is an amazing amazing story. And we're not even halfway per se right now. I've left out a lot of good stuff. Okay let's do that. Let's take a break when we come back. Let's talk about the next things. How was he was able to bounce back from despots? Talk about that more after the break. And we're back from the Maldives. I'm just getting back into the break with Sylvan. Mark Mark Vernon for a season finale to hustle share. I'm still blown away. I don't even know I can't even like they just how much things happen and just short the amount of time but what. I want to find out after folding. How did you get into tech shareholder twice? Wow I start against Mola Allah but I kept having these three robberies in a row and so when bust again start even smaller than what it taught me was to just be really careful. Don't extend credit and stuff like that all anyway ended up teaching a lot a lot of. It stuff guy. Yeah and then that was brought up about nine hundred. Eighty nine hundred ninety four and I'd like to be able to teach without being invaded. I had to figure AH put video onto CD already been done on videotape Deck Academy at the time. Yeah so I worked out how to put on CD okay and that was brand new wasn't even NPC's that and it was. Where were you okay? So I worked at a put like eight to ten hours. A video on CD Oke High compression so most products for desktop publishing stuff we knew and I actually also about ten of those products of period of time but we make the CD so we took a few three months to make the first CD. And then I went in one thousand nine hundred five New Year's Eve again while they went to Mac Expo in of Sam Cisco Okay and I shared a little stand and I sold CDs off to stand now and then I met my first employee there then we set up a little office with peanuts. Hardly any money yeah then by then and So that was the growth of the US company but there was some history from my previous going. Bus Rheinland Yeah and I put my ex-girlfriend in charge of the company. Okay very good so we we had we after about a year year and a half. We had a big deal with a publishing company. And she didn't like it. I I liked all that and then sunny lawyer's letter saying desist and come back to the UK. And I said okay. No so I actually split and Dan had to recreate all my own products again. That company went by the wayside and UK elite on the tech side and he stayed in San Francisco traveling back and forth. But you yeah most of the time in Silicon Valley South. I'm Cisco what was it like back in the ninety s when not much different expensive and got it so I lived in Converted little tiny shed on a farm like a like a one acre plot of land that was grandfather they couldn't sell it. Isn't that was in Stevens Creek Boulevard. which is right behind Apple Ella? So I drove past apple every day. My my little office Two men office and it grew from there. But basically we're making CDs selling them and then in Nineteen Anti ninety-six. We went online with the first video courses. So I did all this stuff. What was it called? It was quick. Quick Day yeah but that was the only way of getting video online and they came up with a new version stream online and I didn't get any joy from apple so I sent like email emails to everyone. That's always as job Steve Jobs. Whatever okay eventually one of those goes through and within twenty minutes there were three managers asking me? What can we do to help you? So what. Oh you ha- you've got the real Steve Jobs. Yeah with one email well. It took a cause I didn't know his email. A lover motormen insent like five emails bull and one of them was one of the amount so that was a big hustle. There absolutely. Yeah so you know you can't do that now you're gonNA end up in spam so we had apple support for a while and as we grew and But it took like five years before the market today in the in mid nineties in Silicon Valley was but it was new the Internet bubble on the same street as Netscape and and that was exciting and working with companies. We were in a kind of a boring content business right and so it's just like working with authors to get content out and then get them out and see and online and you can see some of that stuff on the Web The way back archive you can see us back. Yeah we go. VTC and I had an investment from Japanese company that wanted me to go to Japan to produce content over there and that was a venture capital.
"angel investor" Discussed on My Worst Investment Ever Podcast
"The Angel Capital Association a group that keeps track of the returns on Angel Investments? And they you say that about sixty seven percent of investments do not return the original capital. It usually means you lose everything sometimes. It might be that that you lose. Most of it is very rare that you get back to you. Know One X. It's either several X. or a very small fraction of of one. But but you see we in the world I've been raised on the idea of modern portfolio. Theory the tells you that the the market does not pay you for taking idiosyncratic or company specific risk the market. Pays your four Beta. So you have to have an allocation that is causing with the market allocation because a few few start taking these very large debts. You're not going to get paid for those bats. Now because of the credit risk something all all of the surprises are for the downside is very rare. I had not heard of Exxon discovering. They have it refinery. They didn't know about. Oh Gosh you know or a large real estate trust discovery. Oh we'll have a burning building and we did know about those things don't happen in public markets but in the startup world surprises happen happened to the downside as it does everywhere but they also happen to the upside accompany discovers a use case they had not suspected existed. Okay I've seen this Michael folios over fifty investment in which fifty starts so yes you need to diversify but the first occasion works two ways it works to reduce the downside risk but it also greatly increases the chance that you will get one of those four hundred x Howard Stevenson Stephen. Some type returns the kind of returning to God at Suri on it has portfolio and Howard. Stevenson is a man who became quite wealthy not just because it was Sandra portfolio. But other stuff that he was doing the point where you know I guess. He's probably the only member of the faculty at Harvard. The needs family office right. It doesn't like the term. But he house house has one and so the point here is that diversification in publicly traded securities works to protect you from idiosyncratic risk diversification helps you captured it isn't critic risk of the startups. You know the Unicorn. The four hundred thousand axed next that will make your entire portfolio and then some so this is what we look for. We live for war. You know making sure that we don't have a strangled Englanders but in the end is for you know hitting that one that's going to be you know five hundred six thousand x that's GonNa make the whole portfolio and you cannot know in advance which companies are going to be there. That's an important point and I wanNA wrap it up with some actionable advice but but I also what. I WANNA do a little bit differently about this actionable advice because you have a folio of many companies majority word of the listeners here are probably being approached by people saying hey wanted you. Invest as an angel investor in my startup and they're not mark accessing a portfolio or a syndicate. They're just saying. Hey this is cool. I've been making some good money. These guys have come to me with a good idea. I like them I am you know so. I'm trying to think of put myself in their shoes number one and ask you question. You know you've got two aspects now now one is the aspect of. Hey you've got capital allocate. I think the lesson that you've learned is take the meeting. Listen to them. Get the ideas. But I also want you think about the average person out there. But I think it's very important for people to understand that you have to have a great deal of discipline in investing in startups. Okay I say start. Small starts slow. And don't do it alone. I don't do it alone okay. I'm syndicate leader. But my cynic it is investing in companies that bunch of the guys are investing a bunch of MIT angels. Investing search of other guys. That I know because I don't make decisions about investing in a startup in a vacuum I talked to a lot of people to get their view view on the team. This is a very humid undertaking. Baking judgment on a team and therefore it's really important to get a lot of people able to give you an opinion of the team so it is really important to remember start small you know small size. Start touch slow because you will learn. After a handful of investments you will learn. You'll pay attention. I don't want to be self promoted but I have a podcast that talks all about best investing some of the earlier podcast guiding benlate our. He's very active angel. You're Boston and that was his advice. Advice with start early start small and I would dad. Don't do it alone you know. Find it Angel Group near you or find syndicate if it's an angel Angel List somebody who knows what author doing or Bicycler some of this in an area that interest you diversify. I would say if you have. Let's say you want to invest best two hundred thousand dollars hours. Let's say three hundred thousand dollars. Make them out the map. Easier divided up by third okay and then judiciously officiously make investments of ten thousand dollars over two years three years make twenty of them. The beans only gets two hundred thousand leaving one hundred thousand in cash right. What's the hundred thousand? Four hundred thousand is for the winners winners. I hate to right. Second checks okay. I'm up Peter. Thiel that writes second checks when it's to buy servers for facebook because they're getting so much traffic traffic the can't can't stand they. They need more servers those as there was no. Aws Now just by service so you know. I like lead cash rush and right now. I think it's a good time to have cash on the cyber said anything to doing. Lisa cash on the sideline because my days in Nigeria. There's a saying Nigeria weight and you will see the body randomly floating upon the river. It's a little color but urges patients and so you know returns can't be rushed due. Diligence can't be rushed ideal. folow fear of missing out. Forget about that if somebody is giving a foam in a startup give it a miss yet. That's why we're give someone who's thinking about investing young. Yeah H companies another and you might foam. Oh I I think of F. O.. MD fear of making a donation. That's my fear. Sometimes when people taconite borrow money from you say well I don't lend money anymore because it doesn't normally come back but I do give grants of money and my grandma used these started fifty bucks walks. So what's your idea. Okay so I just want to summarize it for the audience because I think there's some really valuable lessons there but I think all lessons I think the most important fort lesson is the idea of. Don't do it alone and I think that particularly bad start-up ideas you know people may be very good at using emotion to get you excited about it and if you fraudulent fraudulent idea well on camera raw articles to fraud is one but just that you know just did this person can execute. You may have a good idea but they just can't execute getting all an that's a judgment of you will. Here's another on how to do this. Take time you know. Meet with the team a couple of times two or three times and as for details that don't add up you know it's like they can't let each other talk so they can't be cordial in front of somebody who's going to give him money. Honey baby these guys are probably at their throats behind doors. You know got it. They don't get along. This is the kind of stuff that happens in Brazil. There's a saying you know the people trips on the hairs of their legs. They tangle nonce trip on your shoelace and this is the kind of stuff the trips companies people fight over stupid things. It's a brilliant idea. Brilliant founders very capable people but they trip up on really Monday. Things got it so but you've got to believe you know you have to do. I have a case for example of this young guy who came from famous lab near Boston called the Langar lap and I had a crazy idea about about squeezing sells these constrictions and so forth and you know I like the Guy I like his colleague and so forth. It turned out this company so I I ended up leading the angel round because at technology was very promising for eminent of leading their angel rounds with that company. The company's called squeezed by attack. It's one of the very hot by the companies here in Boston. Made A billion-dollar partnership with Roche from Ceuta calls on creating immunotherapy therapies for cancer in have applications for their technology has yet to be completely mapped out there. Still discovering things you know where that can apply to -nology so this is where why I think you're six advise you know invest in a start up you you know you can lose a lot. You have to apply proper risk control. You have a little portion portfolio that you don't care if it goes up and smoke because it would be really wonderful if somehow smoke ends up in a balloon that rises in the sky you know so my advice is take a little risk risk startups early stage companies are not you know. They're not meek potatoes. They're kind of like pepper for the pot. You know a little bit in Portland The portfolio go along way and it could make a different entire difference in your portfolio right now for me. I just think so but I I always say that entrepreneurs of the ultimate optimists and they are the ones that truly change the world. But now you've reminded me that Angel. Investors are also the ultimate optimists. So you know we're kind of lazy because we're you know we're we're surfing on the enthusiasm of these fantastic founders. Being a founder under is not a rational thing it is a it is an altruistic sacrificial thing that they do and we angels Inc to make their lives easier easier recognizing that these people have decided to do this. You know most of the people that I interact with variously go work for Pfizer or go work for Google Amazon in earn a lot of money and be very happy. I'm heavier normal. Lives but they won't. They don't do it because they want to. Take you know as to some kind of your for cancer or some kind of new approach to curing diabetes and so on and so you know these. These are the restless souls that I had the privilege of working with and I want to support them. So you know they're the heroes anyway all right last question. What's your number one goal for the next twelve months? My number one goal for the next twelve months is to increase the number Berg.
"angel investor" Discussed on OFF RCRD
"I heard you just try to think of something. You'd want to exist in the world and try to L. that there are enough resources online where you could figure out this week. I speak to entrepreneur and angel investor. Dana Groves who's well known for being a partner at Y combinator later prior to why see Daniel co-founded q. a personal search engine was acquired by Apple. Just recently Daniel started pioneer experimental fund that breaks down on barriers to find the next great humans her tournaments and mentor ship Daniels also very successful Angel Investor who funded coin base crews get hub hub an open door in this week's episode we talk about being admitted into Y combinator at just the age of eighteen the launch of his new company Pioneer the importance ordinance of celebrating victories and how to create life changing opportunities will thank you Daniel.
How Stitch Fix's CEO Built a $2 Billion Company
"The idea of such facts was one that I also tested and explored and the way I did that was what was your idea. The idea was does how can you I mean a couple of different theses so one thesis overall was just like more and more dollars are moving to ecommerce stores like this is the method I found was super compelling for my consulting was dollars are leaving stores going. ECOMMERCE as dollars gradually leave every one of those dollars hugely hurtful to a store or is it loses it because all of a sudden you can't pay rent. You can't pay our people and so you know like ten percent. Fifteen percent decline in your store volume can kill a store and ten or fifteen percent. It doesn't seem like all that much and so there's this kind of like death spiral that I kind of anticipated would happen with stores and Netflix and blockbuster is kind of like the best example I fit like even if thirty percent of the people in your town or using Netflix and seventy percent of the people in your town are going to blockbuster like that blockbuster probably can't make money on the wall. The death spiral component of is that one blockbuster closes and now the seventy percent of the people who lived in that town have to decide. Do I drive ten miles to another another blockbuster try. This netflixing thirty for the minority of people in my town are are doing now is probably a big conversation at that time because Netflix was killing blockbusters clusters. It's fascinating so I expected that would happen in retail apparel stores and then on top of that. I felt like there was this massive de personalization Asian of I'm retail that was happening. which when you're buying toilet paper iphone chargers or diapers is fine you don't need that to be personal but that totally ignore your this category of apparel which is like deeply personal and deeply nuanced and our product categories that are super emotional like you're not kind of emotionally emotionally buying a box of Kleenex but you are very emotionally buying that blazer and so I felt like all of the emotion nuance had been stripped out in in ECOMMERCE and that that wasn't the right approach yeah so the idea was how can you deliver a really actually personal experience in apparel and use data and technology to make that scalable in to make that better but why I mean? Why wouldn't you just you know offer a AH bunch of options and just let people kind of scroll through. I guess the the beauty of online shopping's that time was you know just infinite choices right you could just scroll through and find the thing like yeah and you know. I think for some customers that they want to shot but like I'm five foot two and so there's a whole world of apparel. That's like literally not relevant to me just simply because they're not. GonNa fit because I'm the wrong height and there are things that you know if you're living in California you can gone homepage and they're trying to sell you. Kashmir mittens and it's like that's totally irrelevant to me. So if you peel back like what stitch fix does it's like yes like if if you could instead of going to a mall all day or instead of spending you know your entire evening with thirty browser tabs open to try to compare and contrast different genes you. WanNa buy if you could get a box sent to you that had two pairs of jeans or even better one pair of jeans and they fit you great that an infinitely better experience than the other alternatives. That's out there because you have this idea about like I. Business where I guess you would send a subscription box to of close to people but how did you the hedge even begin to think of a about how it's going to work. So the way it worked was basically I would have friends of friends. Fill out a survey and you would let me know what size and style what things as you like what brands you like experimenting this point or had you already formed a company named Issa. This is in two thousand ten experimenting as a student essentially writing to other friends and students in Boston and that was the benefit of being in Boston. Choose like I didn't really have that many friends in Boston and so it was easy to meet strangers and so one of the things that I needed to prove to myself was like it wasn't going to be scalable for you to tell me Okay on these are the seven things I want and then for me to go buy yeah those things like the math doesn't work for that to be scalable and so you need to have a set of inventory you're working from and so I was buying inventory at retail from bootexe in Boston and I would keep track of like do they have a fourteen day return policy or thirty day return policy and then I would use. I was making any money doing this but I would use that as my inventory Tori so that when somebody would felt their profile I would then put together a box of things that were relevant based on what they shared in their profile and then they would try things is on and then if they wanted to buy things they write me a personal check and I would sell it to them and if they didn't want to keep it and if I ultimately didn't sell it within my fourteen day turn window I'd go and return to the boutique by the way. How did you buy all that stuff? I had a credit card of the six thousand dollar limit on it and you would buy them and then sell them limited markup. No I was just telling the price I wasn't making any money. I just wanted to have sees it would work yeah well and how many friends were in on us at the beginning. I do not. I don't know maybe twenty twenty. What did you find from this group of Twenty people. What did you discover. I discovered that the the you actually could learn a lot from somebody. I think there's just as thesis around like. Do I have to like be with you in person to understand your style and who you are you that the survey and like I felt pretty confident like you could do survey there was a number of items thing I started out with ten items and the reality was like people weren't GonNa try on ten items. It's a lot it's a lot of work and you're just looking at something in your now. There's no way I'm going to like that and you. Just don't try everything on and ten was too many What else did I learn I think I learned the brand thing of I didn't you know people were actually surprisingly very open to buying from brands that they weren't aware of and in fact found some value you in finding brands that they wouldn't normally have found on their own. So when did you pull the trigger and say all right. Let's let's form a business. Let's I was getting. Llc Go and let's like make this real it was we didn't actually the company wasn't formed until February of two thousand ah eleven but I kind of became all in on this and not other concepts. I would say like late two thousand ten so when you when you really really kind of like got this going and at that time it was not just you write it wasn't you're not the only one involved the company. I edit co-founder at the time she was the wife of my friend from college and so how are you you growing this business and also being a student. I scheduled my classes that they were a lot. They're all lumped together. In the middle either in the middle of the end of the weekend did something with my scheduling that enabled me to be able to spend almost a week in California and so in January and again in February I spent almost a full week out here and what I would do out here was meet with Angel Investors and on Valentine's Day of two thousand eleven. We got a term sheet from Steve Anderson. Instead Anderson is an investor that you met through other people and he gave you how much money they give you. He gave a term sheet for half million dollars and then said now go talk to other angel investors and try to find others to join the round and then probably talked to thirty other people who said no ultimately even though he had hardy said Yeah Yeah I mean in that in the sort of winter and spring of two thousand eleven when you you took the research that you gathered from these twenty people in you went and to meet with investors and the Silicon Valley did you just you show them this data and you should see. I tried this on twenty friends and this is what we found right. I mean you can understand you could understand. I guess why they might have been skeptical. Oh totally yeah no I would come in and I'd say like you know here's the Beta that I did with like twenty people and here's how I think the business model shape up and like I would would bring a box in and I'd say like here's an example of a box with like laminated cards and you know the box was like all that nice looking like it's not like I had spent any money on branding or anything and at that seed stage like it was a hundred percent justin idea and explain how you explained what the business model was at the time because I just to clarify stitch fix today you sign up you pay twenty bucks a month. You get five items sent to you every month depending on your subscription and if you buy them all oh you get a discount and if you return them all that's fine it's free but it's twenty dollars a month essentially for a personal stylist right yeah and it's twenty dollars to be very clear. I don't have to do it on a monthly basis quarterly. You can do it all a car like you. Don't you don't need to commit any timeframe but it is every time you get a fixed. You pay twenty dollars styling fee. The twenty dollars ours is credit towards anything that you choose to buy but the heart of it was really this like we're going to buy inventory. We're going to get to know you become experts on you. Clients and we're GONNA become experts on the products and then we're going to generate really great recommendations at the intersection of those two things but buying inventory. That's that's that's a big investment right. It looks like what we did and what we did that and what we do now is like we're like a department store by the yeah exactly and so when I would go and raise a half million ars from Steve Anderson like half of that was literally going to buy dresses close and venture investors hated that and not only would they've hated that but you you if in your business model you said we're GONNA personalized as we're GONNA have human beings involved in picking stuff. I mean venture people. They don't like to pay people like they like companies that that are like user generated content or they like helix free. They don't like to pay for human resources right. Yeah people said like this is going to be an inventory. Tori nightmare like and it was good feedback because ultimately inventory like we are very good at managing inventory and we have to be in our model and and you know people saw that and people were skeptical that you'd be able to execute over that period of time when you're trying to raise money and all everybody essentially except for Steve said no so was that demoralizing disheartening. We just like yeah. Whatever I'm you know water off. A duck's back knows both you just you had to be able to have reason for confidence in what you were doing regardless of what venture investors thought at the moment and so like you did have to have the skin about it and you did have to let it be water ducts back but at the same time while we were doing like nobody else really doing it for like a very long time and when you're doing something that nobody else is doing you are either the smartest or the stupidest person in the room
Startups looking for funding now have more options
"This marketplace podcast is brought to you by indeed. Are you hiring with indeed? You can post job in minutes. Set up screener questions than zero in on your shortlist qualified candidates using an online dashboard. Get started today and indeed dot com slash marketplace. That's indeed dot com slash marketplace. And by the Michigan economic Development Corporation, John Rimini founder and CEO at airspace. Experienced technology says in Michigan revolution is in the air. Find out what planet is doing to help businesses make that possible at platinum dot com. That's P. L. A. N. E T, M dot com. Startups looking for funding. Have a lot more options lately from American public media. This is marketplace. Tech demystifying the digital economy, I'm Molly would. Venture capital firms that were invested in lift Uber. And Pinterest just got paid when those companies went public and the banks foundations and pensions that fund, the venture capital funds, we'll get a lot of money too. So, yeah, these big firms will now have more to invest and they'll get more powerful, but the venture industry is changing. There are lots more smaller players like angel investors. Usually really rich people who want to help fund companies and increasingly even everyday investors. Have more ways to get in on the next pre IPO tech unicorn, Jason Calcutta's is a tech entrepreneur and angel investor who got in on Uber when it was still a pipe dream. I asked him how VC is evolving. There are the funds that have been around for decades like sequoia, Kleiner Perkins or benchmark, and those firms have partners who may stay with them for multi decades, and they are the first stops when a founder comes to Santo road or San fr. Francisco. And then there's a new crop of angels. And I went from being essentially a nobody or somebody who was kind of annoying in the industry. This journalist entrepreneur with a big mouth and a big social media following in a podcast to now I'm the first stop were in the first two or three stops for angel investing. I'm the most successful active angel investor in Silicon Valley. So then let's talk about the industry. I mean, we know that these exit is big unicorns. Going public is important for the firms that have funded them and the angel investors that funded them, and how might that money then get funneled back into new startups. Like how important is it to that future person with a PowerPoint injury? It's critically important. I'm in Bolden. Now, having had a couple of grade exits to put more money into my own funds, and put more money to work. So that is a specific phenomenon that occurs, which then benefits the next generation of founders, and we saw that with people who made a lot of money off of Google than invested in Facebook and Twitter, the Facebook and Twitter. Folks, obviously invested in Airbnb and Uber. Yep. One complaint. I have heard actually about venture capital right now is that there's a lot of the same money going into the same big companies and there's maybe not as much diversity. Is it possible that the inflow of money could change that dynamic, and introduce some more innovative investing the venture firms have raised bigger and bigger funds? So the VC's are looking for companies that have a lot more traction, a lot more revenue fuller management teams. So the world's changed the markets are much more efficient, but they're private and this is where the SEC and the investment rules for private companies have to evolve, and we're starting to see that with equity crowdfunding where civilians non accredited investors people with under a million in net worth under two hundred thousand a year in income are being able to write small checks through platforms like Sede invest and Republic. So that's going to be I think the future. And that process is just starting. Ng Jason Kao. Kansas is a tech entrepreneur and angel investor as the number of angel and nontraditional investors in the US has increased. So has the percentage of female investors from five percent in two thousand and four two more like twenty six percent as of two thousand sixteen. And now for some related links. There's a link to a story in entrepreneur magazine on our website marketplace tech dot org. It has the data I mentioned about female angel investors, and actually Alex Conrad over at Forbes, who's also very funny on Twitter has a good piece about how Facebook and its soaring stock over the years has produced a new generation of investors like Jason Calcutta's was talking about, and in fact, lots of them are women who are funding women run businesses who then hire women who might get big payouts if their companies go public or get sold and then might also turn around and become more diverse investors. However, I am definitely aware that a lot of times when we talk about diversity in venture capital. We're talking about adding more white women, so to that effect. There's a good story in fast company about an organization called pipeline angels. It's a boot camp for would be angel investors, and it focuses primarily on. Inclusively meaning, people of color, women non binary end geography. It has training cohorts in Montana. Idaho, Ohio Texas, North Dakota and Minnesota among others. I'm Molly would. And that's marketplace tech. This is APN. This marketplace podcast is brought to you by evident helping businesses create a solid foundation of trust and safety on their platforms. By seamlessly verifying workers unless time. And with more confidence evident also helps companies stay up to date on any changes to relevant information and readily adapt, if and when compliance requirements of all evident is bringing confidence in peace of mind, personal data interactions across the globe. Visit evident ID dot com slash tech to sign up and start running verifications immediately. That's evident ID dot com slash tech.
CES Deems Female-Founded Sex Tech Company Obscene, Revokes Award
"Okay. So the consumer electronic association is holding its annual showcase in Las fake. Yes. They are. We're seeing cars. Cars we're seeing it's the number one show for Vegas Wellesley for innovation. Absolutely. One. Have to Chicago in Las Vegas, Chicago. And boy was fabulous. Yeah. Unbelievable. Go to this. Okay. So. Here's the story. They this past fall in October. They awarded the Consumer Electronics Show innovation award in the robotics category. To the os o s e massager created by a startup company and then a month later. At the end of November. Consumer electronics association took back the award claiming that the hosts massager was immoral and obscene and looking at a picture of it. Okay. That it's also indecent and profane. And it's this woman who started it up called. Sure name is Laura decarlo. And it is. She's appealing the decision. She says, it's a double standard, it's cost her her startup investors. And the E spokeswoman said this product doesn't fit into any of our existing product categories and should not have been accepted for the innovations awards program. Why we've communicated this to the CEO we've apologized to the company for our mistake. And they sent her a letter in November saying, we're very sorry. We got this far into the awards process and wish we'd been made aware earlier that your product was in eligible for entry in the robotics. And drones category. We made an error, and we should never warded you the innovation prize. And what did they think it was what why is it an error? Why? Okay. Well, this is Laura said in a post yesterday, why is the Consumer Electronics Show? Threatened by empowered women and the products that empower them because. She says it is because her owes massager is for the pleasure of women. And that they they have no problem having pornographic electronic products available for guys such as Noddy, America's virtual reality porn product. And the real doll which was profiled there the hands on sex, but for for guys, and she says, they have a long documented history of gender bias sexism, and double standards, and here's what it is. Here's how the product is described. It is a is a tool to give a hands-free blended orgasm by using Advanced Micro robotics to mimic a human partner. I am looking at it. I don't understand why. This is a problem the lady the woman who invented it says, we're doing something that's never been four done before we're making it's the holy grail of orgasms the blended orgasm 'cause it's a hands free device and the entire female team of engineers developed micro robotic technology that mimics all the sensations of a partner right for an experience that feels like a real partner. I mean, I'm intrigued and. Wondering if those massages available for sale and why why are they taking back? Well, it's it's really it's immoral and obscene. I mean that does seems a little harsh that's a little harsh, and they were going crazy for it at first and just like any kind of a hand massage massage anything. Massage. You're right now my hand just rubbermaid shoulder. No any massage or you can use it you Godwin anywhere lower. And I started making whimpering sounds in new not turn off my microphone if I ever get one of those. We would kick you out of the room because we would know I know one hundred percents waterproof. Yes. Also, it is not available Laurie sale. That may not be available until the fall of this year. Because there's the woman the start at the woman is saying that are and I remember just from we tried to get money for angel investors for different range of products for body perks disturb nipple enhancing, but keep the kiddy pretty in all kinds of other things, and we would go and do these pitchers to angel investors. And the guys would just look at us with blank looks on their. And we kept trying to find women with money might be interested in invading 'cause they would have gotten. Why saying the y you know, I have a really anyway. So it's it's like the first scandal that I've ever followed. That's actually happened at the Consumer
Naked Labs' 3-D Body Scanner Shows You the Naked Truth
"Goes way beyond a normal scale the startup naked labs has now. Made a three body scanner with a. Full length near that people can buy for their homes the first of, its kind it? Delivers information on your body things like weight? Height, BMI measurements the company just raised fourteen million dollars led by the. Venture capital, firm founders fund and signed Bannister one of the firms more recent partners and an early Uber and. SpaceX investor joins us now here in the studio great to. Have, you on the show so is. This something that you. Imagine everyone would have in their homes like a? Scale or is this a more niche, use case originally the goal is. To have, it, in every home to begin, with you, know it's going to be the person who buys a. Politician who's really cares a lot about personal fitness and so the price. Point is higher to start off way well it's thirteen hundred dollars a scale it's more. Like twenty Okay televisions when they first started out they were in twenty three thousand dollars for the flat screen. TV's you know if you're a pioneer in the space and someone who's an early adopter you're paying more but eventually. We can drive the price down scale. How does the technology actually work has sensors that actually do depth reading, and so you? Stand on the scale and you put your? Arms, onto any tried it I haven't tried to get a highly recommend. One highly, recommend trying it we'll try to hook you up with doing one but you basically stand on a. Pedestal the pedestals turns around then afterwards in about a minute. You, get what looks like a silver. Surfer image of yourself Image and they're able to see, a three d. model of yourself so talk to me about the potential here the kinds of. Information that this can give you? At how, it might change, your life or how you live it well you know I think that we are scale obsessed and we're obsessed with. Numbers that don't really ultimately matter, for your health and so on a scale and you're like gosh I'm two, pounds heavier five pounds heavier ten pounds heavier but. You're. Working out at the gym and, you're making dietary changes those changes are actually really matter and so when you, actually get a three d. body skin you can see what those choices, are actually how, they're impacting your body like sometimes when you work. Out you're gaining weight and so you might become discouraged if you discount? On the scale every day what about the privacy issues here I mean we're so concerned. Especially in light of the Facebook data scandals what, companies know about it. About us how they are using that data if, they're being honest about it if they. Even know where data has gone naked labs takes that very seriously and that's what it reasons why all of this Ganz are done on device, and then the only thing that's only stored there Does not go back to the company the only thing that you. Get back to the company is that little silver server surfer image of yourself so join founders filing now a couple of years. Ago and you an angel investor before that you've backed Uber? You, back. SpaceX what do you think. Are the big mega trends right now oh gosh Well I know what I'm personally, passionate about I don't know that I follow the market and try to figure. Out what the biggest trends are but. I'm personally very passionate. About the future of entertainment and so, I've been doing a lot of investing in that area and so I've. Been, turning over rocks and basically I? Don't know, if you've heard of like hot, tuning Mieko which is a burchell popstar and? She's a hologram billions of people watch her but also there's little, Michaela on Instagram she's a virtual influencer so I did a? Seed investment there, and so there's things that, I'm looking at and trying to figure out okay what is the next Pokemon go you know read an interface with our phones how is augmented reality going to impact us and so there's. Just things I'm really excited you invested in Uber do you think scooters are the next big thing or. Not I think personally my personal opinion is no but I do think they are necessary for certain people like people are really. Happy about them and their cost effective affordable way to get? Around town Have ask you about Nealon since you invested in space it's tesla earnings day founders fund back tesla Does that. Concern you at all that, this is he's running two companies. He's got a lot of side projects he's tweeting all the? Time including right now minutes before called does, that concern you as an investor from an. Execution perspective, we're pretty bullish on Ilan as you, know we're very proud of, everything that, he's accomplished and yes it is a lot to take on but I think that he's. You know showing that he. Can do it But you know I don't speak to? On on a day-to-day basis I actually don't, even know the breadth of everything he's doing. What about, bitcoin founders fund has made big bets, on crypto currency which is, you know, it's actually been an unusual turn Venture in. General do you think, that are, you still bullish and do you expect to, make more investments they're given the volatility in the price I mean. I know everyone's excited about. Blockchain but let's talk. About the value of team we are. Still bullish personally I'm also still bullish so I I don't know if you know the term but I hold, on for dear life as a. Store of value I think it's incredibly valuable it's basically digital gold it's not the best way to transact and so. I think there's going to be other types of currencies.
"angel investor" Discussed on FinTech Insider
"In take. We're, that's been. It's been parted. The dilemma is angel. Investors still is, you know, my job is to pick great number one number twos can pick the number three number four number five recruit. I struggled with that myself. Maybe a hedge fund manager for so many years in a made so many decisions myself. Click a button minutes down if you're wrong yet. Click it, or, you know, click it again and take your loss. Take my, I think I was just to wrecked by the time. I started wall strip in stock twits. You know, it was kind of an idea that everybody wanted to invest in in talk myself into it being CEO is a lot of responsibility, and it's not so much about just raising money, which I was good at. It's about recruiting which I was terrible at in getting people to understand why you're doing this in where I would just like I was incredulous that people. I couldn't work harder than Meam figure out exactly what I wanted without communicating that to them. Money think you're, we're horrible at the recruiting side just it's not an interest of yours. You're just, is it reading able or one. More awful than than recruiting and everybody is. Like dating. I can't imagine how horrible aiding is. So I just don't have the patience. You know, I see things I wanna see him dead by way. I wasn't willing to learn the other parts of being a see. I'm a piece of wall at, you know, stand there. There's a lot more thrill for me to cozy up to a CEO or Pissy that could build a billion dollar company and just sit back and help them a little bit. Then there is building a billion dollar company myself. So soon as I knew that that's when I started angel investing, I think that that's when I got content in my own career. I'm fifty one. And you know, it's, it's, it's been fun. I've had a phone arrive by think when I realized what I was good at what I wasn't is when I get the most comfortable, you know, next in, you know, used to be really focused the I was told us much younger. I really focus on what you're not good at approve on it. Look like in comedy, like a jet appetite, right? You go the guys everywhere. Has he do that? You know why? Because he's focused on every project he does. He must say, this is what I'm doing. This is where my name goes in in the project. Are you with me and then you gotta do all the rest like he, he, you build these great brand seat in content the lot. How's that person part of all these things because they stick to what they know in. They find other people that accept that in the nego- is fast as they can in, you know, being able to spot that type of what I wanna be or what thing should be like helps you helps me be an angel investor. You don't putting teams together. Seeing through the nonsense, helping people get the cap tables, right? Helping people pick good investors. You know, all those little things at the beginning of a company to get companies launched on the right trajectory. You know, I can compare to, you know the credits in a moving. When you see the same names over and over again, it's just a routine in a process of you just gotta keep doing. So it is to say that you've got certain people within your circle that you really trust and you come back to over over again. Yeah, I think all of all the good investors do. Obviously you go through streaks with certain people because of what the markets are doing or what sectors people are interested in or certain stages in your life. But yeah, it's like putting the old band back together again, you know, it makes sense to get older you work with second and third time entrepreneurs because everybody knows what to expect in kind of know what the founder wants and in. So I think it's really. It becomes, you know, market goes who fainted it went for a while. We were taking first time founders at a at a college every minute and not a perfect scenario in our feels like for me, I'm looking for people with domain experience, especially around fintech by what I choose somebody..
Spotify Files to Go Public on the New York Stock Exchange
"Are you an angel investor okay are you a are you a seasoned savvy venture capitalist then how about you don't try and pick the one company out of a thousand that's going to end up being amazon look maybe you get lucky and what do i do whatever you want to do i'm just saying if you want if you care about your money there are so many other places you could put it to get a return than spotify and i've just got a the only thing that's going to save spotify in terms of taking a dump like snapchat is that they're not actually making shares vailable new shares available so the selling that's going to happen afterwards short selling that that happened in snapchat will likely not i don't think it will occur in spotify you will probably get a general price and that price will be whatever the market thinks it ought to be and there will not be a huge this this huge buying frenzy to try and get a hold of spotify spotify stock but i could be wrong hopefully people learn their lesson well it's wall street they never learned their lesson but you would think the average investor would have learned their lesson after snapchat and you can go back and listen to i've just go and search for the the snapchat episodes on my program because i outlined from the day that sucker i p owed until the day until most recently i've been saying this is a waste of your time it's a waste of your money you're going to lose you're gonna lose big and they did anybody who bought at the at the open at the ipo lost big and they deserve to lose big because they were foolish investors and that's what happens when your foolish with your money anyway so based on that i would say no on the spotify ipo and and you ought to be looking at at companies that have longed that pay here's my investment strategies very simple find a company pays a nice dividend has a tenure track record and is constantly meeting it's it's estimates so you take a company like american express you take a company like well i like feral gas they they got rid of their dividend.
"angel investor" Discussed on Innovation Rising, Presented by Healthbox
"Actually volley lived here fulltime for just over two so i think that um you know if you if you come here every two weeks every three weeks us an angel investor ten times a year twenty times a year you can make it work so you don't have to live here necessarily and it doesn't mean that there won't be break a company's other places but in this location you will have a much greater chance of having great returns now as an entrepreneur you can come here raise the money if you're great your great does it matter so i think that you know it really depends on the person i thought you thought you know e being here with your your third successful startup you don't have to be based here you can raise money if is your first order up as an entrepreneur and you come here even have a much easier time raising money the amount of investors the amount of investors here is literally a thousand act some other locations there are some locations we have a dozen real investors you know in his obligations we have two hundred here you have ten thousand rightly literally there's you know a thousand veteran capitalists at nine thousand angel investors or something crazy like that it's just never ending you could meet ten a day twenty a day and never actually be filled up have you investing then he companies that are based outside the bay uh yeah of course via you all the time and what we do is we bring them here for our incubator they spent twelve weeks here that raise money here and then they might go back to their city so yeah i haven't done international yet because that's at you know it's really hard to get on flights and stuff like that but you know i think it's unrealistic for a vc from america to make international investments dislike for international these seeds to make investments here without ever coming here is very hard and international flights when you're did.
"angel investor" Discussed on This Week in Startups
"That you should take into consideration when you make your investment decision that so that's that's how i think about the world is how do you look several steps ahead let's let's project whether this company can raise a next round of funding by including others and by doing there it actually helps me because those venture capitalists could help get me into their deals and then they can protect my investments with follow one capital right it's a very collaborative sport isn't it it is very collaborative how do you decide that you want a syndicate a company or not and how did you get into syndication hadatha change behavior if at all as an angel investor so when i first started angel investing i made a lot of mistakes and uh it's kind of like the price you pay to become an angel investor the definition of a sophisticated angel investor isn't angel investor who's lost money in boston that is the definition as vis a vis vis gate angel investor and so my first mistake which will lead into the syndicate answer is the first company invested in told a name i put in ten thousand dollars into this company there were no other coinvestors the company spent the ten thousand dollars then the amount of business right most bone dead simple mistake you can make as names on us to earn you went it alone we all small amount of gunpowder and you got your head shot off the threat they bought a couple of laptops they probably kept him and the company shutout exactly fantastic so lots of mistakes and lessons like that and then over time i started to be approached by other angels who are looking for inciting information about how they could avoid those mistakes so i started to help them and we started to rely on each other for deals we'd send each other deals would help each other out get into deals and then sometimes these investor would ask how do i get into your deals ed and i'd have a structure to do that but now i do so i had the syndicate.