027: Ex-Lawyer GROWS The Vault to 7 Countries & Counting... The Adventure of Kevin Smith.
Entrepreneur Stories 4⃣ Inspiration
Millionaire Interviews Podcast & Sir Austin Peek
4.7 • 2K Ratings
🗓️ 1 January 2021
⏱️ 39 minutes
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| 0:00.0 | To assemble the right network of advisors and mentors, you've got to have support. |
| 0:20.1 | You don't need them now, you're going to need it later. |
| 0:23.4 | I'm a state that I see almost every startup doing, which is starting with the product rather than starting with the distribution. |
| 0:46.4 | So, why don't you tell us what you do and how do you make money? |
| 0:49.4 | Well, you're making a couple of assumptions there. |
| 0:53.4 | It's still in the startup, so making money is still tenuous. |
| 0:56.4 | Five years ago, I left a large company back in the world, largest asset manager, and started an online investment firm. |
| 1:04.4 | We were told that it was the world's first online broker dealer for early-stage investments. |
| 1:10.4 | Then about three years ago, I started another company, which is aimed at technology companies, |
| 1:15.4 | mostly early and middle-stage technology companies. |
| 1:18.4 | It's not quite an accelerator. |
| 1:21.4 | We were very clear that we didn't want to be a co-working space, because we think of co-working spaces as commercial real estate and really nothing more. |
| 1:27.4 | I think the reason that a lot of co-working spaces are not right and don't create the right kind of culture and atmosphere for technology companies is under the right, in fact, built and designed as offices. |
| 1:39.4 | We've created something very closely to an accelerator. We do a lot of training programs. We have it in the given time, 35 companies in here, and now we're expanding around the world. |
| 1:50.4 | What's the name of that? |
| 1:51.4 | A LatinBus call before us. |
| 1:53.4 | A company is called Seed Change, and both are still after growing and back to the question, how do we make money? Well, I'm still hoping for that payoff. |
| 2:01.4 | What do you think is the best thing for you to share that can help the audience the most? |
| 2:05.4 | Over the long term, this turns out to be a lot harder than people anticipate. It's impossible to predict all the difficulties and the obstacles you can have to go through. |
| 2:15.4 | But what we do know is there are going to be a lot of unexpected roadblocks, conflicts, issues to solve. |
| 2:22.4 | And when this time comes, sometimes there are going to be things that we can't talk about with your co-founder or co-founders. You probably can't talk about what it's significant about because he or she doesn't have the right context and maybe a sick of hearing about work anyway. |
| 2:35.4 | You certainly can't talk about what your employees and you probably can't talk about with investors, maybe board members. |
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