Mike Edelhart

TSP031 | Mike Edelhart – Hunting beyond the Unicorn

How To Win Shark Tank - Interview with Charles Michael Yim
TSP030 | Michael Walsh – Slack for Senior Care

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Episode Summary

Mike Edelhart is the lead partner for the Social Starts moment-of-inception investment fund and CEO of the Tomorrow Project.

Key Takeaways

    • 02:30 – How did Mike become an angel investor?
    • 07:40 – The team is incredibly important. This can not be emphasized enough.
    • 10:00 – Mike believes a good team understands clearly what the company’s mission is.
    • 11:46 – Great teams follow their leader with discipline, but not with rigidity.
    • 13:25 – Becoming a unicorn is an outcome, not a cause.
    • 14:40 – Having the desire to become an entrepreneur isn’t normal.
    • 17:00 – Leaders who believe in themselves, their team, and can remain calm when everything goes wrong instills confidence in their team.
    • 18:20 – How did Pinterest get started?
    • 24:55 – Why did Mike and his team invest in Pinterest in the beginning?
    • 27:45 – Entrepreneurs make the common mistake in thinking all investors are the same and they don’t do their homework.
    • 30:00 – Mike talks about the rabbit archetype in business.
    • 30:50 – Mike breaks down the tortoise archetype.
    • 32:45 – What’s the idea behind the bear archetype?
    • 36:15 – The final power animal in business is the hawk. Mike explains further.
    • 40:00 – Mike recommends the book Extraordinary Popular Delusions and The Madness of Crowds

Tweetables

Links Mentioned

SocialStarts – The Venture Bestiary: Hunting Beyond The Unicorn
Extraordinary Popular Delusions and The Madness of Crowds by Charle Mackay
SocialStarts

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How To Win Shark Tank - Interview with Charles Michael Yim
TSP030 | Michael Walsh – Slack for Senior Care
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