Main Street Entreprenuer-Build Your Dream Company, Michael Glauser | TSP057
Posted by John Livesay in podcast | 0 comments
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Episode Summary
Michael Glauser describes himself as an entrepreneur anthropologist. He is an entrepreneur, an educator, and the author of Main Street Entrepreneur. In the book, he traveled 4,000 miles on his bicycle to interview entrepreneurs all throughout the United States. He says one of the things that helped him keep going was by changing his mindset from ‘how are you feeling?’ to ‘how are you thinking?’ That question alone gives him inspiration and the will to carry on.
What Was Covered
- 02:20 – What was it like having someone try to buy Michael’s company when he wasn’t even selling?
- 05:30 – Why did Michael ride 4,000 miles on his bicycle to meet entrepreneurs?
- 07:20 – Michael wanted to find entrepreneurs who are succeeding in this new economy.
- 07:45 – It’s important to talk to as many founders as possible so you can learn some of the mistakes they made.
- 09:20 – Business is all about strong relationships, so you’ll always be pitching your business.
- 11:35 – What is NERCM?
- 18:00 – How can you build a good advisory board?
- 21:10 – Want to find some new mentors? Start with people you know first.
- 23:30 – You’re better off keeping the position open than hiring the wrong person. Michael shares a story about this.
- 23:55 – Teamwork is tough. It’s hard to build a strong team.
- 25:45 – When looking for investors, it has to be a win-win relationship for both you and them.
- 26:25 – Who has zealous tenacity?
- 29:15 – How did Michael manage and properly plan out the bike ride?
- 30:45 – Change ‘how are you feeling?’ to ‘how are you thinking?’
- 32:25 – Final thoughts? Anybody can do this. Anybody can build a mainstream business.
- 33:35 – 70% of us are unengaged at work. We don’t like the work and we don’t like our jobs.
- 33:55 – With the rise of technology, there may not be enough jobs in the next few years, which is why you should create your own.
Tweetables
[Tweet “Investors pick people they know, like and trust.”]
[Tweet “You don’t motivate an investor, you find out what motivates them.”]
[Tweet “Happiness is relative, so find out what makes investors happy.”]
[Tweet “Does your idea serve a huge number of people?”]
[Tweet “Change how are you feeling? to how are you thinking?”]
Links Mentioned
Selling Secrets for Funding
Mike Glauser’s Website
The Main Street Entrepreneur
Mike on Twitter
Main Street Entrepreneur by Michael Glauser
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How To Connect With A VC, Andrew Goldner | TSP056
Posted by John Livesay in podcast | 0 comments
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Episode Summary
Andrew Goldner is the co-founder of GrowthX, a trust-network of innovators and investors. GrowthX is more than just a venture capital fund because it focuses on generating value for others first, before making a pretty penny. Prior to starting GrowthX, Andrew was a global business leader and senior technology consultant. Andrew discusses with John on what makes GrowthX different, as well as why startup founders do not need to move locations to build their vision.
What Was Covered
- 01:50 – How did Andrew go from Reuters to becoming a VC?
- 05:15 – You don’t have to move locations to get funded.
- 08:10 – What is the vision of GrowthX?
- 09:00 – Unless your customers are in that expensive zip code, why even move there?
- 11:45 – GrowthX will be featuring the founders’ faces on their website instead of their company logos.
- 14:25 – GrowthX plays for the long term and is more intently focused on building stronger relationships than bigger and better profits.
- 16:50 – When you first join a startup, it’s best to just sit and listen to those around you before acting.
- 18:55 – What kind of attitude does it take to become a good startup founder?
- 21:15 – How can startup founders remain focused?
- 23:25 – Remember, you have a set of priorities and others need to respect that.
- 24:30 – Don’t mistake ‘being busy’ as ‘making progress’.
- 28:00 – Is the fund you’re trying to reach really the right fit for your vision?
- 29:25 – How hard is it really to change someone’s behavior? Andrew explains.
- 32:35 – Visit Growthx.com for more info!
Tweetables
[Tweet “Busy doesn’t mean you’re making progress.”]
[Tweet “Focus on quality of investor meetings, not quantity.”]
[Tweet “Humility is a trait investors seek in founders.”]
[Tweet “Attitude allows you to get off the self-esteem roller coaster.”]
Links Mentioned
The Successful Pitch
GrowthX
Essentialism by Greg McKeown
Andrew Goldner’s Twitter
GrowthX Twitter
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TSP055 | Nihal Mehta – How To Create Lightning With Your Vision
Posted by John Livesay in podcast | 0 comments
Listen To The Episode Here
Episode Summary
Nihal Mehta is the Founding General Partner at Eniac Ventures. Nihal has founded five startups and invested in over 100 companies since 1999. He is a noted expert in the emerging adoption of mobile technologies and so much more. In this interview, Nihal says he likes to put pressure on the founders to deliver a product. This is a great way to see how the team handles pressure and whether they’re capable of moving quickly in the market. He also says he’s grateful that his first startup ended in bankruptcy and failure, because without those experiences he would not have been able to achieve success.
What Was Covered
- 02:55 – Nihal talks about the ‘A Day in the Life’ video.
- 05:40 – The founding team has to be sales efficient.
- 07:25 – How did Nihal get into investing?
- 09:40 – When coaching new entrepreneurs, Nihal tells them to fail fast.
- 11:15 – Nihal’s first startup failed and he had to declare bankruptcy. He’s glad for that experience.
- 14:15 – Nihal wants entrepreneurs who are passionate about their work and don’t care what they’re currently wearing.
- 15:10 – Show the product to Nihal as quickly as possible. If you can’t do that, it’s a red flag.
- 19:55 – Your mission can be about anything, but you just have to be incredibly passionate about it.
- 21:00 – Nihal wants to know that the entrepreneur has at least thought about the acquisition cost for each customer and their lifetime value.
- 22:55 – Nihal also looks at exit strategy, but he does it a little bit differently.
- 24:30 – How does Nihal like to meet and find new founders?
- 26:20 – What does Nihal like to invest in?
- 27:45 – Nihal comments on how Apple wants more apps and Google wants more people to search the web.
- 29:15 – Nihal recommends four books off his Kindle.
Tweetables
[Tweet “Create lightening and have your team catch it.”]
[Tweet “Be ravenous about your mission.”]
[Tweet “What is your path to profit?”]
[Tweet “Be scrappy and passionate.”]
Links Mentioned
Eniac
A Day In The Life: There’s No ‘White Space’ in Nihal Mehta’s Calendar
Zero To One by Peter Thiel
The Hard Thing About Hard Things by Ben Horowitz
The Everything Store by Brad Stone
David and Goliath by Malcolm Gladwell
Nihal Mehta’s Twitter
Want the Transcription?
Crack The Funding Code!
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Share The Show
Did you enjoy the show? I’d love it if you subscribed today and left us a 5-star review!
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