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Entrepreneur Stories 4⃣ Inspiration

242: A Merger & Acquisition Expert shares... How to Create a Successful Exit Path | Touraj Parang of Serve Robotics

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 β€’ 2K Ratings

πŸ—“οΈ 1 August 2022

⏱️ 68 minutes

🧾️ Download transcript

Summary

Touraj Parang is the President & COO of Serve Robotics. He is a veteran Silicon Valley dealmaker, a seasoned entrepreneur, investor, advisor, and M&A expert who has sat in almost every seat around the table structuring and negotiating strategic transactions since the late 1990’s, including as a corporate attorney at legal powerhouses WSGR and O’Melveny & Myers. He earned his JD from Yale Law School and his AB in Philosophy and Economics from Stanford University. This Episode is Sponsored By: Gary in South Africa says that his group call with Austin was a great experience and left him with so many things to reflect on. You can also have this one-on-one call or group call with Austin by being a Patreon member, just sign up at: millionaire-interviews.com/patreon Krystle in Oklahoma City, OK got several new business connections just because she was in our Group Call with Austin and Raine. If you want to be a part of our growing community of entrepreneurs that could help grow your business, become a Patreon member by signing up at: millionaire-interviews.com/patreon James in Cherry Hill, New Jersey becomes one of our Patreon members because his awesome business partner signed him up. If you and your business partners want to be a part of our growing Patreon community, sign up with us today at: millionaire-interviews.com/patreon Torry from Dayton, Ohio likes our Patreon Group Call because anyone can ask our guest speaker and there is no hierarchy involved. You can join our Group Calls by signing up at: millionaire-interviews.com/patreon Justin in Fishkill, NY decided to finally become a Patreon and chose the Gold Membership, which includes Exclusive Podcast Episodes w/ Guests & Stories, Recurring 30-Min Call w/ Austin to Help your Business, Company Listing on Website, Mini-Interview Opportunity, and so much more. Support our show by joining our Patreon Membership today, just sign up at: millionaire-interviews.com/patreon Want to Support the Show? Well we'd love for you to join our Patreon Group! What's in it for you? Well you'll instantly get a scheduled call from Austin, where he'll help you with your current or future business... Sign-Up Now at millionaire-interviews.com/patreon. πŸ˜€πŸ˜ŽπŸ˜ *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Touraj Parang. *** Support this Podcast via Patreon Feedback? Questions? Comments? We would love to hear from you! Hollar at us via: Facebook Group (@MiPViPs), or Twitter (@acpeek or @millionairepod), Instagram (@millionaire_interviews), LinkedIn (@austincpeek), Facebook (@millionaireinterviews), or Email: [email protected]. πŸ˜ŽπŸ˜πŸ˜€

Transcript

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0:00.0

Well, you can imagine even when I decided not to practice law anymore, that was a very

0:08.2

hard conversation with parents.

0:09.9

It just couldn't understand why would I throw away such an education, all the investment

0:16.4

and chase some wild idea.

0:21.5

Depleting your cash reserves to the max.

0:24.1

So yeah, you're borrowing from credit cards, you're in debt.

0:27.2

It was emotionally and just financially tough.

0:31.6

I think one of the biggest mistakes that I think an entrepreneur could make is...

0:38.5

I wasn't happy.

0:39.8

I wasn't happy because I felt like I'm not building anything.

0:43.3

I'm not really creating value.

0:46.9

What do you think is the main thing learned?

0:49.0

The main thing I learned was the importance of having an exit strategy.

0:53.4

Oh, I see what you did there.

0:55.6

Yeah, and what did it was my key takeaway?

1:00.7

Hi, I'm Tourage Parang.

1:02.2

I'm 49 years old and I am in Los Altos Hills, California, which is sort of at the center

1:09.0

of Silicon Valley.

1:10.8

And I've been an entrepreneur around tech since the late 90s.

1:15.8

And what is your company?

1:17.3

Well, my current company is Serv Robotics, which is an autonomous sidewalk robotics startup.

1:24.5

I know that's a mouthful, but what we do is basically have these super intelligent robots.

...

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