4.6 • 683 Ratings
🗓️ 8 July 2020
⏱️ 102 minutes
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0:00.0 | He's invested $3.1 million across 17 companies. |
0:03.8 | Today, our interviews with Tyler Tringis of Ernest Capital. |
0:07.2 | But before all that investing, it all started in 2008 after he graduated college and got involved in the renewable energy sector. |
0:14.4 | That led him to eventually launch his own company, which he wanted to go raise venture capital for. |
0:18.8 | He pitched over 400 venture capitalists, |
0:21.0 | and ultimately after trying to build that company, it failed. |
0:23.6 | It just couldn't get traction. |
0:25.0 | So he shut it down. |
0:26.0 | But in the process, followed his wife to San Francisco. |
0:28.8 | And when she got a State Department job in Buenos Aires, |
0:31.4 | they took that flight down there, |
0:33.4 | and Tyler built the original MVP for his new company |
0:35.8 | called Stormapper on that flight. |
0:38.1 | The company where the first 12 months went from nothing to $2,000 a month in revenue. |
0:41.8 | He ultimately scaled this business, getting customers off Upwork, doing Shopify contracts, |
0:46.7 | and grew up to $16,000 a month in revenue in 2016, |
0:51.5 | before making the thing highly profitable. |
0:53.3 | In fact, Tyler was taking over quarter million |
0:54.8 | dollars out of the company as salary before he sold to Shore Swift Capital in 2017. The company |
1:00.0 | was doing way more than 18K and MR at that point. After the sale of Sure Swift, he said, |
1:04.6 | you know what, I want to build a better way. More options for founders. And that's when he put |
1:09.0 | pen to paper for earnest capital in 2018. |
... |
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