Sydney Wong On The Keys to Becoming a Lean Startup EP 42

Passion Struck with John R. Miles

John R. Miles

Mental Health, Alternative Health, Education, Self-improvement, Health & Fitness

4.7 • 779 Ratings

🗓️ 6 July 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you ever wondered what the keys to becoming a lean startup are? Entrepreneur Sydney Wong discovered that while on a one-way ticket to San Francisco. From that experience, she decided to launch VenturX in Montreal to help startups achieve funding and overall success. Like this? Please subscribe and join me on my new platform for personal development: https://passionstruck.com/ Thank you for listening to the Passion Struck podcast. Sydney Wong's Journey to Creating VenturX In this powerful Passion Struck Podcast Episode, John R. Miles and Sydney Wong discuss her journey from McGill University to becoming a financial analyst to now leading a startup accelerator in Montreal, CA. We go into why balance, your self-narrative, and routine is so vital in becoming a lean startup. Sydney met startups at Montreal events that needed help with funding and grants; she offered to write business plans. In 2016, she launched a gamified business plan writing application. Most people didn't complete "Product Validation" Level 3 (out of 8 levels) during the beta. That was the biggest failure for startups, so she grouped and built out this application. She broadened the research to understand the success metrics that investors, government grantors, and banks are looking for when funding startups. The VenturX metrics were reverse-engineered to provide quality startups the best chances for funding and success. The rest is history!!! New Interviews with the World's GREATEST high achievers will be posted every Tuesday with a Momentum Friday inspirational message! Keys to Becoming a Lean Startup Show Notes

Attending McGill University
How she found her passion
One way ticket to San Francisco that changed Sydney's life
Understanding appetite for risk
Creating the startup hub in Montreal
How to work on your inner self
The importance of learning from failure
The Concept of balance
How you pace yourself
Her morning routine
What she removed from her life
Lightning round of questions

Sydney Wong Quotes "You are always a product of your environment."
"If you want a happy life, you need to have a series of happy days."
"Your journey as an Entrepreneur is as if writing a storybook." ENGAGE SYDNEY WONG Sydney Wong founded VenturX to tackle the problem that 90% of startups fail in their first year. We provide an innovative solution to guide startups to launch and connect to funding. LinkedIn: https://www.linkedin.com/in/sydneywong1/ Website: https://venturx.ca/ Facebook: https://www.facebook.com/venturx.ca/ ENGAGE WITH JOHN R. MILES * Subscribe to my channel: https://www.youtube.com/c/JohnRMiles * Leave a comment, 5-star rating (please!) * Support me: https://johnrmiles.com * Twitter: https://twitter.com/Milesjohnr * Facebook: https://www.facebook.com/Johnrmiles.c0m. * Medium: https://medium.com/@JohnRMiles * Instagram: https://www.instagram.com/john_r_miles JOHN R. MILES * https://johnrmiles.com/my-story/ * Guides: https://johnrmiles.com/blog/ * Coaching: https://passionstruck.com/coaching/ * Speaking: https://johnrmiles.com/speaking-business-transformation/ * Gear: https://www.zazzle.com/store/passion_struck PASSION STRUCK *Subscribe to Podcast: https://podcasts.apple.com/us/podcast/the-passion-struck-podcast/id1553279283 *Website: https://passionstruck.com/ *About: https://passionstruck.com/about-passionstruck-johnrmiles/ *Instagram: https://www.instagram.com/passion_struck_podcast *LinkedIn: https://www.linkedin.com/company/passionstruck *Blog: https://passionstruck.com/blog/

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Transcript

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0:00.0	I've been to a thousand and one different startup networking events, but there was this one
0:05.7	where I went to, and it was just a regular Chamber of Commerce event that everyone has in
0:10.0	different cities. So, is that the Chamber of Commerce here in Montreal? And when I was telling them
0:14.3	about what I was doing, because they always asked, like, what are you doing? Because I'm telling them
0:18.0	what my product does, what Venturex does, how I started my angel fund, Venturex Capital,
0:24.7	what we invest in, and all of these things. They were very polite, they were very interested. You
0:29.0	can tell that they were polite to each other all the time, but they were surprised by my answer,
0:34.4	because everyone else was in corporate and had, like, very specific title in their, on their
0:38.8	business card and everything. And I used to have those things too, but they didn't really ask
0:44.0	the same kinds of follow-up questions as they did to me because I stood out because I was
0:48.4	different from everyone else in the whole building. And they didn't know why. They still don't know
0:53.9	why I chose this path, even though I told them the story, because it was something that was so far
0:58.8	away from their usual environment, you know? And that was great for me, because then I got to see
1:03.6	something different too. I got to see people who were different from me on a day-to-day basis,
1:08.3	and I think that's great. Welcome Visionaries, Creators, Innovators, Entrepreneurs,
1:13.1	Leaders, and Roacekeepers of all types to the Passion Struck Podcast. Hi, I'm John Miles,
1:18.8	a Pete Performance Coach, Maltine Industry CEO, Navy Veteran, and Entrepreneur on a mission to make
1:25.8	Passion Go viral for millions worldwide. And each week I do so by sharing with you an inspirational
1:32.3	message and interviewing eye achievers from all walks of life who unlock their secrets and lessons
1:38.8	to become a Passion Struck. The purpose of our show is to serve you, the listener, by giving you
1:44.8	tips, tasks, and activities, you can use to achieve Pete Performance, and for two,
1:50.9	a Passion Driven Life you have always wanted to have. Now let's become Passion Struck. Welcome
	...

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