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Masters of Scale

Entrepreneurship as a second act, w/Gwyneth Paltrow

Masters of Scale

WaitWhat

Diversity & Inclusion, Jeff Berman, Bob Safian, Startups, Business, Management, Entrepreneurship, Mindset, Reid Hoffman

4.64.4K Ratings

🗓️ 2 July 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

It’s never too late to join the entrepreneurial party. We've heard all the stories of young geniuses, but plenty of influential entrepreneurs founded companies in their 30s, 40s, 50s. There’s value to being a late-stage founder – like the fact that you’re bringing along all your life experience. That’s what Gwyneth Paltrow did when she launched Goop. Paltrow transitioned from Hollywood star to startup founder with her lifestyle brand, which now has over 8 million subscribers -- and she did it by leaning in to what she knew, embracing what she didn’t, and coming up with strategies to fill the gap. With cameo appearances by Boyd Martin (Olympic equestrian), Ruben Harris (Career Karma), Sara Blakely (Spanx) and Brian Chesky (Airbnb).

Read a transcript of this interview at: https://mastersofscale.com/gwyneth-paltrow-entrepreneurship-as-a-second-act/

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Transcript

Click on a timestamp to play from that location

0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.8

So search for rapid response in your podcast player

0:28.0

and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side.

0:33.0

It was a terrifying experience for me just because, you know, deep down you knew inside you're a little bit of a fake and didn't quite belong there but you had to make it work.

0:47.0

That's Boyd Martin, Olympic Horse Rider, recounting his first experience in horse breaking.

0:53.0

Two decades ago, he traveled to Japan to an elite horse training camp.

1:01.0

There was just one small problem. Although Boyd had grown up

1:05.6

with horses, he had zero experience when it came to the specialized and highly dangerous

1:10.9

art of horse breaking.

1:14.5

A friend had roped him into the gig.

1:18.6

I said, look, I'd love to go, but I have no idea what I'm doing

1:21.8

and they obviously want an expert.

1:25.0

He said no no no no no don't worry about a thing just take the job you'd really help me out.

1:29.7

So I took a deep breath and I said I'll do it.

1:34.0

Boyd's bravado faded when he arrived in Japan.

1:38.0

I was nervous as hell.

1:40.0

There was a lot of other experts that had come to see in this master horse trainer, horse

1:46.2

breaker from Australia and inside I was shaking.

1:50.5

I couldn't believe it and I honestly was about to come clean and tell them that I really

...

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