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Redefining Wealth with Patrice Washington

Vadim & Sergei Revzin: Meet The Mentors

Redefining Wealth with Patrice Washington

Patrice Washington

Education:self-improvement, Education, Self-improvement

4.91.6K Ratings

🗓️ 29 August 2019

⏱️ 58 minutes

🧾️ Download transcript

Summary

When it comes to understanding how to build a business and what the entrepreneurial journey looks like for many entrepreneurs, The Mentors, Vadim and Sergei Revzin, are here to help. From their personal story and start to what they’ve seen countless times with other businesses, they’ll share the importance of testing your business idea before quitting your 9-5. They’ll also share why it’s critical to listen to your market along the way. Join the three of us as we dive deeper into the topic entrepreneurial and all that goes with it. This episode is brought to you by my free LIVE Master Class training, How to Chase Purpose: 5 Shifts to Help You Acknowledge Your God-Given Gifts, Align with Your Passion and Powerfully Answer the Call on Your Life. To REGISTER, become a  Purpose Chaser at iamaPurposeChaser.com  About Vadim & Sergei Revzin Vadim and Sergei Revzin are twin brothers and co-hosts of The Mentors podcast, a weekly show where they share stories about ordinary people who have become extraordinary entrepreneurs. On their podcast, they also break down what it takes to succeed in the critical early days of starting a business.  Vadim is an Entrepreneur in Residence at Ethos, a national non-profit. He also teaches entrepreneurship at State University of New York. He’s advised hundreds of startups, and has been both a founder and leader across several early and growth stage startups. Sergei is a venture investor at the NYU Innovation Venture Fund where he leads the university’s technology investments. He has mentored hundreds of entrepreneurs all over the country, and has been an early employee and founder at tech companies in NYC and Boston. Make Entrepreneurship More Accessible On their podcast, Vadim and Sergei are known for using real stories and experiences to transform the complexities of entrepreneurship into something that’s accessible, enjoyable and fun. And unlike some of the more popular business coaches, these two say it’s okay to step back, take a full-time job when necessary or take a job to enhance a certain skill level because: “Though we believe in entrepreneurship, you’re not going to be entrepreneurial 100% of the time.” – Vadim and Sergei Revzin  They also went on to say how everybody they know, young and old, are supplementing their primary focus or full-time job with a side project or new creative pursuit. The lesson here: The beauty of entrepreneurship is it can manifest itself in many different ways, as well as, there are many different ways to define it. Of course, this is so anyone can let their entrepreneurial gene shine. First Entrepreneurial Venture Wow, do you remember your first entrepreneurial venture? Well, Vadim and Sergei recalled wanting to start a company of some sort back in their college days. BUT, they knew nothing about running or business or even where to start. But after hearing a story about a man from the United Kingdom who’d ventured into the world of advertising and made a million dollars, they started to think about the importance of leveraging advertising and social platforms for business growth. So, they decided to use that idea as their first steps into entrepreneurship. Now, with the idea in hand, they found an engineer on campus who had the skills to execute their idea – someone who wanted to be a partner in their business. And while they turned down the offer of partnership, a decision they now regret,  they did learn a valuable lesson that has followed them throughout their entrepreneurial journey: “One hundred percent of 0 is 0 and it’s okay to give away equity if it increases the chances of your success significantly, especially if you find someone who will complement the skill.” – Vadim and Sergei Revzin  Listen to Your Market Now, Vadim and Sergei were so confident about their brilliant idea that they worked with engineers for months to build a prototype all before ever talking to their audience. And that was a major mistake.  Produ

Transcript

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