Wed, 29 June 2016
Today you might recognize Robert Herjavec as "the nice shark" on ABC's Shark Tank. With a pleasant smile and a reassuring tone of voice, he may seem like an odd fit in the highly competitive world of business and investing. But don't let that fool you, because behind those kind eyes lies a strength of character and iron will that every great entrepreneur needs to achieve success. When Herjavec was a young man, he actually wanted to be a filmmaker. In fact, he was a producer for the Winter Olympics in Canada in 1984 while only 22 years old. It was a promising start to his dream of moving to Hollywood and becoming a big-time director. The trouble was, no one was hiring. With a degree in English literature, a passion for filmmaking, and zero experience or knowledge in computer science, it might seem odd that he would eventually go on to found the Herjavec Group in 2003, one of the top cybersecurity firms in the world. The company grew from $400K to a whopping $140 million in sales annually in just over 12 years. So how did he do it? He literally called up the head of the company and, despite having no background in the field whatsoever, offered to work for them for free. With nothing but grit he managed to work his way up the ladder and, despite some setbacks here and there, become the success story he is today. When not focusing on his own business, Herjavec is all about buying, selling, investing and building great startups, subjects we were very lucky to talk to him about. In this interview you will learn:
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Wed, 22 June 2016
When you think of the word "entrepreneur," the image you're likely to conjure up in your head is one of a fast-talking, brash millennial with personality and ego to spare. That's exactly the kind of entrepreneur Nathan Latka is. At only 26 years old, Latka has managed to do more in five years as an entrepreneur than most people double his age! While there may be entrepreneurs out there who wring their hands and refuse to make a move until everything is perfect, Latka instead drives forward like a runaway train and grabs each and every opportunity that comes his way. This attitude is perfectly showcased when, as a college student, Latka began his first multimillion-dollar business in his dorm room ... while in his underwear. Despite knowing nothing about coding, he began cold-calling and began pre-selling Facebook fan pages at $7,000 a pop. When it came time to deliver the goods he took to YouTube, taught himself everything he needed to know, and started making money. Before you knew it he had a multimillion-dollar business called Heyo which allowed it's users to create sophisticated Facebook marketing campaigns with an incredibly easy-to-understand interface. Despite having absolutely no experience or knowledge in the area or the startup space, this architecture student doubled down on his hustle and achieved what most entrepreneurs would kill for. It's this attitude, along with some slick marketing chops, that has allowed Latka to achieve all the success he has today. In this interview you will learn:
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Wed, 15 June 2016
In the late 1960s, when Kenneth "Hap" Klopp traded in his corporate aspirations for the life of an entrepreneur, the support network for such endeavors was not nearly what it is today. But Klopp knew he had what it took to run a successful company, and he was right. After taking over from co-founders Douglas and Susie Tompkins in 1968, Klopp spent the following 20 years as CEO using pre-Internet disruption and brand-building wizardry to turn The North Face into a global outdoor gear brand. Under his leadership, the company played a role in the growth of the outdoor recreation industry itself, and his journey as an entrepreneur is full of timeless wisdom that only comes from decades in the trenches. Klopp got his start when he took over the family business, following the death of his father, while finishing his undergraduate degree at Stanford. He then went on to complete his MBA while orchestrating the sale of the company. After graduation, he went out to interview for positions, only to find that no one was willing to hire him to run something—they all wanted him to start at the bottom and work his way up— which sounded pretty boring. Hap’s focus was on consumer goods, marketing, sales and branding, which landed him an interview at Proctor and Gamble. During the course of the interview, he was introduced to the corporate mores that have pushed so many of us to pursue the life of an entrepreneur. In short, P&G expected each employee to wear a white shirt and tie every day, to refrain from the use of nicknames and to dutifully mind their post until an opportunity for advancement was presented. It was settled, Klopp was not cut out to work for anyone else. “I didn’t want any part of it…I didn’t fit into to it.” As we know, it’s not enough to simply want to break free from the corporate world—you must have a plan or at least a product. Klopp decided to pursue his passion for the great outdoors and acquired The North Face, at the time just two stores in Northern California beloved by a devoted niche of climbers and otherwise outdoorsy folks. In this interview you will learn:
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Wed, 8 June 2016
Dubbed "the world's most powerful startup incubator" by Fast Company, Y Combinator (YC) has been plucking startups from garages, dorm rooms, coffee shops, and assorted founder hangouts for over a decade. With a combined valuation of more than $65 billion among its alumni, a list that reads like a who’s who of startup fame—think AirBNB, Reddit, Dropbox, Instacart, Scribd, Weebly—YC has become a Silicon Valley institution. It is described as an elite founders boot camp, a place where ideas are incubated, annihilated, refined, and polished for a period of three months, ready to be served up to a bevy of hungry investors. As co-founder of this entrepreneurial playground, Jessica Livingston has seen it all: the tears, the tantrums, and the triumphs, while getting a bird’s eye view of some of the startup world’s biggest success stories. In this interview you will learn:
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Thu, 2 June 2016
All entrepreneurs and startups are underdogs in one way or another. After all, in order to be an entrepreneur you're already going against the grain, and in order to be successful you must be willing to challenge the status quo no matter how large or small. But it's not everyday you find someone who manages to completely disrupt a billion-dollar industry with nothing more than a blog, some hustle, and a keen sense for marketing. In this modern day tale of David and Goliath, we speak with Alborz Fallah, who armed only with a blog managed to take on the centuries-old automotive industry and come out on top. Today his blog brings in millions of dollars in advertising revenue and challenges some of the biggest media companies in the world. But it didn't happen overnight. It took some grit and a great understanding of marketing and branding to get to where he is today. Something that he readily shares with us in today's interview. In this week's episode you will learn:
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