I Invested in My First Startup—And It Was Terrifying

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 6 September 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

I invested in a startup for the first time as an angel investor, and, honestly, the process was…strange. While public market investing feels comfortable and “safe,” private investments feel like pulling the lever on a slot machine with a few thousand bucks on the line. We're taking Rich Girl Nation behind the scenes of the process, with three guests this week. I'm joined by Arman Hezarkhani, the founder & CEO of Parthean (https://www.parthean.com/) about my investment and what I did wrong. I also chatted with Steph Mui, the founder & CEO of PIN (https://www.getpin.xyz/) and Erica Wenger, founder of Park Rangers Capital (https://www.parkrangerscap.com/). Transcripts can be found at https://podcast.moneywithkatie.com/. Reminder: While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC. — Mentioned in the Episode Defining an "accredited investor" & how to invest as a non-accredited investor: https://www.upcounsel.com/how-to-invest-without-being-an-accredited-investor Questions if you're thinking of investing in startups: https://www.forbes.com/advisor/investing/invest-in-startups/ — Follow Along at Money with Katie: https://moneywithkatie.com/ Watch on YouTube: https://www.youtube.com/@MoneywithKatie Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie Subscribe to The Money with Katie Newsletter - Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2 Follow the Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to the Money with Katie Show Rich Girls and Boys.
0:11.5	I'm your host, Katie Addie Tossan, and this week we are talking about something that
0:16.0	is pretty new to me.
0:18.8	We're going to learn alongside one another in this one.
0:22.1	Because while I feel extraordinarily comfortable stretching out inside the roomy walls of a
0:26.8	taxable brokerage account and tossing around ETF jargon with the best of them, investing
0:31.6	in startups, small, private companies, is something that, before this year, I knew next
0:37.9	to nothing about.
0:44.9	We have two formal guests today.
0:48.4	The first is Armand Hezarkani, the founder of a startup that I recently invested in.
0:53.6	I am going to ask him a bunch of burning questions about everything I did, both right and
0:58.7	wrong.
0:59.7	Hi, Katie.
1:00.7	My name is Armand.
1:01.7	I'm the CEO and founder of Parthian.
1:02.7	And the second is Steph Muey, the founder and CEO of Penn, a company that helps accredited
1:09.4	and non-accredited investors, invest with their friends and communities in startups.
1:15.2	We are going to come back to all of those terms.
1:18.0	Steph worked in venture capital before deciding she wanted to bring VC investing to the masses.
1:22.8	I am Steph and I am the CEO and founder of Penn, which stands for Power Numbers.
1:28.3	We also have an informal guest in the sense that I was getting dinner in New York with
1:33.1	a new friend, Erica, who just opened her own venture capital fund called Park Rangers
	...

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