TSP026 | Jon Paul – Harder Faster Cheaper Is Not A Change In Direction
Posted by John Livesay in podcast | 0 comments

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Episode Summary
Jon Paul is the CEO of Value Added Finance Resources and brings an incredible amount of experience to this interview. Jon has turned companies hitting rock bottom around to multiple million dollar revenue streams. He prevents entrepreneurs, nonprofits, and startups from making key mistakes that could ruin their success as a business. Jon talks on several different ways you can value your company and how you can prevent a down round from happening on your second round of funding.
Key Takeaways
- 02:10 – Harder, faster, cheaper is not a change in direction.
- 03:15 – What’s Jon’s background?
- 06:55 – Jon talks on helping a telecom provider grow their stock from $2 to $65 in two years.
- 12:45 – How much equity should I gave a CTO or someone similar?
- 14:30 – How do you value a company accurately?
- 19:15 – What’s a down round?
- 21:05 – How can you prevent a down round from happening?
- 23:45 – Tips to keep in mind when pitching?
- 28:45 – Founders need opposite partners. Example: The risk taker who has someone to watch his back.
Tweetables
[Tweet “You need to start even if where you end up is not where you think you’re going.”]
[Tweet “Harder faster cheaper is not a change in direction.”]
[Tweet “Early investors should get rewarded the most.”]
[Tweet “Startups need yin and yang on the team.”]
[Tweet “Learn from the past, but look forward.”]
Links Mentioned
Disrupting Class by Clayton Christensen
The Innovator’s Dilemma by Clayton Christensen
Competitive Strategy by Michael E. Porter
Blink: The Power of Thinking Without Thinking by Malcolm Gladwell
Freakonomics
People Smart in Business by Tony Alessandra and Michael J. O’Connor
Content Chemistry by Andy Crestodina
Value Added Finance Resources
SmartScholar’s Economics Education Resource Guide
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TSP025 | Nasir Ali – How To Be Extremely Coachable, But Not At All Impressionable
Posted by John Livesay in podcast | 0 comments

Listen To The Podcast Here
Episode Summary
Nasir Ali is an angel investor for Seed Capital Fund, the co-founder of a non-profit called Upstate Venture Connect, and he’s the managing director for StartFast Venture Accelerator. Nasir shares his insights on what his companies look for in a pitch and the importance of coachability in an entrepreneur. Nasir believes data will point you to all the right answers and shares an example of a company who had to pivot four times based on new data they had collected.
Key Takeaways
- 01:55 – Nasir shares his story on why he loves startups.
- 05:00 – What’s the Seed Capital Fund’s process?
- 06:20 – What does Nasir look for in a pitch?
- 08:20 – Nasir explains common pitch mistakes new entrepreneurs make.
- 10:55 – Nasir talks about Chequed and what they did right in their pitch.
- 15:50 – How does Nasir help startups?
- 20:00 – Coachability is sometimes a double-edged sword, but it’s a critical key in an entrepreneur.
- 21:25 – It’s always about the data. The data will lead you towards or away from an action.
- 21:55 – Nasir shares a story about SpinCar and how they pivoted four times.
- 27:20 – What does StartFast’s demo day entail?
- 30:00 – Nasir talks Upstate Venture Connect.
- 33:30 – Recommended reading? Startup Communities by Brad Feld and The Rainforest by Victor Hwang and Greg Horowitt.
Tweetables
[Tweet “Be coachable not impressionable.”]
[Tweet “Great investors solve unknown needs of founders.”]
[Tweet “Explain the problem you solve in a way that is easy to understand.”]
Links Mentioned
Chequed
SpinCar
Startup Communities by Brad Feld
The Rainforest by Victor Hwang and Greg Horowitt
Upstate Venture Connect
Upstate Venture Connect Twitter
StartFast
StartFast Twitter
Want the Transcription?
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