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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI334: Confessions of an Entrepreneurial Addict w/ Chris Koerner

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 11 March 2024

⏱️ 65 minutes

🧾️ Download transcript

Summary

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with serial entrepreneur, Chris Koerner to talk about his holding company, Cofounders and the unique way he launches new entrepreneurial ventures. You’ll also hear what it was like for Chris to be a missionary for two years in Hungary, a crazy story about partnering with John McAfee, how he got involved in bitcoin mining, his experience doing ultramarathons, why living organ donoring became extremely important to him, and so much more! Chris Koerner has started over 20 different companies and currently runs a holding company called Cofounders. He’s started and sold five 7-8 figure businesses in five different industries and loves the game of business. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro. 02:37 - What Chris’ experience was like being a missionary in Hungary. 07:44 - What some of his early hustles as a teenager were. 10:15 - How he got started writing and honing his craft. 10:37 - How Twitter has affected his career. 12:36 - How he has structured his holding company, Cofounders. 14:01 - How he incubates new entrepreneurial ideas. 15:44 - What are the qualities he looks for in people he partners with. 16:01 - How he created a company selling Buc-ee’s products. 27:03 - What Chris thinks about there being an entrepreneurial gene. 28:59 - How he got connected with John McAfee. 34:24 - When he got involved with bitcoin mining. 37:10 - How he developed conviction in Bitcoin and what his price predictions are. 39:10 - How he handles the volatility of Bitcoin. 39:56 - When and how he first got involved with real estate. 45:21 - Why he loves mobile home park investing. 46:59 - What an average day for Chris is like. 48:19 - What is Parkinson’s Law. 50:44 - How he comes up with creative business ideas. 54:16 - Why he got into ultramarathons. 61:07 - How Chris and his wife became living organ donors. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. For more information check out: National Kidney Registry. Check out: REI192: Building an Empire w/ Nick Huber | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter Connect with Chris: Website  | Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.1

We look for students that are entrepreneurial. We don't care what their GPA is. We don't care what their major is. It literally makes no difference. We just want someone that has made a dollar with entrepreneurship before. We don't even care. We just want them to have that gene. We can't make them an entrepreneur and we don't want to try. So they have to have the gene. Furthermore, then we want them to have three qualities. We want them to be humble, just willing to learn

0:24.6

sponge, moldable. We want them to be grateful, just grateful for the opportunity. There's a direct

0:29.7

correlation between kids that are really grateful to have been chosen and their success. And then

0:34.3

the third is energy. We want them to have high energy. So if they meet those

0:38.7

criteria, then we give them three business ideas to choose from. We give them a salary,

0:43.4

give them a timeline, and we fund the idea itself. And we take majority equity in the business.

0:49.7

And then we just hold their hand and we tell them exactly what to do and how to start it and how to be

0:54.7

successful.

0:58.0

Hey guys, in this week's episode, I had the pleasure of sitting down and talking with Chris

1:02.1

Kerner to talk about his holding company co-founders and the unique way he launches new

1:06.7

entrepreneurial ventures.

1:08.4

You also hear what it was like for Chris to be a missionary for two years

1:11.4

in Hungary, a crazy story about partnering with John McCaffey, how he got involved in Bitcoin mining,

1:17.2

his experience doing ultramarathons, why living organ donoring has become an important topic to him

1:22.9

and a whole lot more. Chris has started over 20 different companies and currently runs a holding company

1:28.1

called co-founders. He started and sold five seven to eight figure businesses and five different

1:33.5

industries and loves the game of business. I love doing this episode with Chris. He's a super

1:38.3

fascinating guy that's done so many things in and out of business. And I think you guys are

1:43.2

really going to enjoy this episode.

1:45.1

And so without further delay, let's dive into today's episode with Chris Kerner.

1:54.7

Celebrating 10 years. You are listening to Millennial Investing by the Investors Podcast Network.

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