383. How to Invest in Startups
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 9 September 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
In This Episode You Will Learn About:
- Looking at the founder
- Being disruptive without reinventing a market
- Looking at the path to exit
- Moving the needle with your skillset
Resources:
Show Notes:
Let's talk about investing, but not just any investing: investing in startups. We've invested in startups in the past, and when they pan out, it's been a great way to grow our net worth. I have four criteria I use to choose whether to invest in a company or not.
Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com
Transcript
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| 0:00.0 | If you can't personally move the needle, if you can't personally help this company, then that's all it is is gambling. |
| 0:07.0 | You're just giving them your money and hoping that they do it. Welcome everybody this is for the love of money where we are making you |
| 0:19.4 | unapologetic about your pursuit of success by sharing the tools, tips, and stories of those who have already made it. |
| 0:27.0 | My name is Chris Harder, and each week I will bring you incredible guests in order to prove that when good people make good money, they do great things. |
| 0:37.0 | Welcome back to another amazing episode of For the Love of Money. Today we're talking investing and not just regular old investing but investing in startups because this is a question that I actually get quite a bit from you. |
| 0:52.0 | Now a lot of you have watched and seen Lori and I invest in a lot of startups, and honestly, |
| 0:57.5 | it's been a really great way to boost our net worth. |
| 1:01.2 | Not all of them pan out, but when they do, it's a great way to really grow that |
| 1:06.6 | net worth that you should be concentrating on growing. And I think a lot of people are just |
| 1:11.0 | raising money for startups right now. |
| 1:12.9 | It's become a trendier thing, |
| 1:14.0 | whether it's through crowdfunding or whether it's through a true capital raise. |
| 1:18.8 | Everybody out there seems to be raising money for their startups. |
| 1:21.6 | So I thought that I would give you guys my four |
| 1:24.9 | criteria for investing in startups. This is how Lori and I literally choose if we're going to be a part of a |
| 1:32.0 | company or not. |
| 1:33.0 | Now, before I do, you've got to understand that investing in startups is really risky. |
| 1:38.0 | This is not what you guys should be doing |
| 1:41.0 | if you're still in your earlier stages of trying to get your finances |
| 1:44.5 | under control and create a good stable financial situation. |
| 1:49.2 | I think a lot of people, they swing for that home run like, |
| 1:52.5 | oo, if I invest in this company when it sells them, |
... |
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