Founder Focus Ep 3: Adrian Di Marco of Technology One [ASX:TNE]

Transparent Venture Capital by Tribe Global Ventures

Tribe Global Ventures

Business:investing, Investing, Entrepreneurship, Business

5.0 • 1 Ratings

🗓️ 14 August 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our Founder Focus guest is Adrian Di Marco, founder of Technology One. https://technologyonecorp.com/ We are excited to release this weeks Founder Focus episode with founder of Technology One, Adrian Di Marco.Technology One is listed on the ASX [ASX:TNE] with a market capitalisation of about $5Billion, which is a staggering number when you hear the story Adrian shares about almost selling Tech one for $20million in the late 90’s, and why he decided not to.Started in 1987, Technology One was one of the first tech start ups in Australia. On average Technology One has doubled in size every 5 years since then, which is an amazing statistic given how many other tech companies have come and gone over the years. Technology One has pivoted multiple times in response to many technology shifts, and has gone from strength to strength each time. Success leaves clues, and that’s why were excited to share this master class in the philosophy and thinking behind the powerhouse that built one of Australia’s most successful companies.In this episode, Adrian discusses the importance of leadership, and his focus on building teams that were better than him. This includes the importance of having a thick skin, and never shying away from doing what you felt was right for the company. It’s not always easy to take a long term view in a public company environment, and Adrian talks about making sure you set yourself up for a marathon and not a sprint, and the importance of setting expectations clearly with investors.Since retiring from Technology One, Adrian has focussed on investing in early stage companies, and he talks about some of the common traits he sees in successful founders, as well as his perspective on early stage investing.But it’s not all about business, Adrian is a proud father and grandfather, and we discuss balancing family with building a multi-billion dollar international business.We are grateful to have Adrian in our Tribe, as Adrian is a shareholder in Tribe Global Ventures and a Venture Partner.As always, we welcome any comments, and please remember to leave a rating be. We hope you enjoy the conversation with Adrian as much as we enjoyed making it. hello@tribeglobal.vc

Transcript

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0:00.0	Welcome to Transparent VC by Tribe Global Ventures, the B2B VC.
0:14.0	Today's founder-focused guest is Adrian DeMarco, founder of Technology One. Tech One is listed on the ASX with a market cap of about 5 billion,
0:23.2	which is a staggering number when you hear the story Adrian shares about almost selling Tech
0:27.5	1 for 20 million in the late 90s and why he decided not to. Now as you'll hear, long-term thinking
0:33.5	Trump's short-term gains for Adrian. Started in 1987, Tech One was one of the first tech
0:39.4	startups in Australia and on average Tech One has doubled in size every five years since then,
0:44.9	which is an amazing stat given how other tech companies have come and gone over the years.
0:50.7	Technology One has pivoted multiple times in response to many technology shifts and has gone from strength to strength each time.
0:57.0	Now success leaves clues and that's why we're excited to share this masterclass in the philosophy and thinking behind the powerhouse that built one of Australia's most successful companies.
1:08.0	In this episode, Adrian talks about the importance of leadership and his focus on building teams that were better than him.
1:14.6	This includes the importance of having a thick skin and never shying away from doing what you felt was right for the company.
1:20.9	Now, it's not easy taking a long-term view in a public company environment and Adrian talks about making sure you set yourself up for a marathon and not a
1:28.6	sprint and the importance of setting expectations clearly with investors. Now since retiring from
1:34.4	Tech One, Adrian has focused on investing in early stage companies and he talks about some of the
1:39.3	common traits he sees in successful founders as well as his perspective on early stage investing in general.
1:45.9	But it's not all about business. Adrian is a proud father and grandfather and we discuss balancing
1:51.3	family with the multi-billion dollar international business that he built. We're very grateful to
1:56.3	have Adrian in our tribe as Adrian is a shareholder in Tribe Global Ventures and a venture partner.
2:02.0	As always, we welcome any comments and please remember to leave a rating before you go.
2:07.1	We hope you enjoy the conversation with Adrian as much as we enjoyed making it.
2:14.7	Adrian, thank you very much for joining us.
2:16.8	We know you've got a very busy schedule, but we're really excited to share your insights
	...

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