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How I Built This with Guy Raz

LearnVest: Alexa von Tobel

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 18 December 2017

⏱️ 41 minutes

🧾️ Download transcript

Summary

When Alexa von Tobel was just 14, her father passed away unexpectedly, leaving her mother to manage the family's finances. The tragedy made Alexa determined to understand money – and help others plan for periods of uncertainty. In her mid-twenties, she founded LearnVest, a tool that simplifies financial planning and investing. Within three years, the company was providing support to millions of customers. In 2015, she sold LearnVest for a rumored $250 million. PLUS for our postscript "How You Built That," how Dillon Hill built Gamers Gift to help bed-bound and disabled patients enjoy a wide range of places and experiences —through virtual reality.

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Transcript

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0:00.0

Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New Year's is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:31.0

The plan for day one was open my day on laptop and just start hustling, and I did.

0:37.0

And I remember like I was taking anyone who would meet with me.

0:40.0

I was asking for people who would give me advice.

0:42.0

I was looking for advisors, just literally paying people an equity, which was all phantom, because the company was worth nothing.

0:48.0

And I hired my first intern, literally hired her to a Starbucks.

0:52.0

And I was like, do you want to work for my company?

0:54.0

My company was like me inside the Starbucks.

0:58.0

Raman PR, it's how I built this.

1:07.0

A show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:13.0

I'm Guy Raaz, and on today's show, how of traumatic experience in her childhood inspired Alexa of Antobac.

1:21.0

Alexa of Antobac to create LearnBest, a company that simplifies financial planning, and how she went on to sell it for a rumored quarter of a billion dollars.

1:33.0

So most of us, you, me, your friends, your spouses, whoever, most of us do not know how to organize our finances.

1:41.0

I mean, just think about it.

1:43.0

The average US household has $16,000 in credit card debt, and two thirds of us have less than a thousand bucks in our savings accounts.

1:54.0

And here's one more, the median amount of money the average American has saved for retirement is $5,000, which, and I hope I'm not freaking you out here.

2:04.0

This is not enough money to get you very far after you stop working.

...

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