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Masters of Scale

When to seek advice and when to ignore it, w/LearnVest & Inspired Capital’s Alexa von Tobel

Masters of Scale

WaitWhat

Business, Jeff Berman, Startups, Reid Hoffman, Management, Diversity & Inclusion, Mindset, Bob Safian, Entrepreneurship

4.64.4K Ratings

🗓️ 31 January 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

Smart entrepreneurs know one of the secrets to scale is leveraging wisdom from others. (In fact, that’s the mission of this show!) But not all advice is right for you right now — and some can even be disastrous. As the founder of the proto-fintech platform LearnVest, Alexa von Tobel scaled her business by seeking advice from mentors and friends … and then, taking only the advice that served her mission. Following Alexa’s story, you’ll learn how to become a good advice detective, with the power to sort the transformative advice from the traps.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.8

So search for rapid response in your podcast player

0:28.0

and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side.

0:35.0

How did I get into the advice racket?

0:37.0

By accident.

0:40.0

I met somebody who was about to start a newspaper at a party and I said oh you should have an

0:44.1

advice column because everybody reads those you see that Q&A format and you can't not read it and he looked

0:50.4

at me and said excellent advice, please write the advice column.

0:55.0

That's Dan Savage.

0:57.0

For more than 30 years, he's written a sex and relationship

1:00.0

advice column, Savage Love.

1:02.0

His advice also comes in the podcast form in the long-running show Savage Love

1:07.1

cast. Dan is an advice-giving all-star, but when he started he made a point of not calling himself an expert.

1:16.2

One of the first things that I heard was what qualifications do you have?

1:22.1

And I have none.

1:23.0

Zero, except the only one you really need to give advice.

1:26.0

You look up advice in the dictionary and it says opinion about what could or should be done.

1:30.0

The only qualification you need to give someone your opinion is they asked for it.

1:35.3

In fact, Dan asked for his audience's opinions too, and he's made their responses a pillar of savage love. The advice column was always a debate between the author of the column and their readers.

...

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