Lessons Howard Love Learned While Sitting On Both Sides Of The Table
Over the last 30 years Howard Love has founded 15 companies and invested in over 50 early stage startups. His new book "The Startup J Curve" organizes his experience into the 6 phases startups go through as they grow. Howard also is the Founder & CEO of LoveToKnow, a digital publishing firm with over 30 million monthly visitors.
HOWARD LOVE
Over the last 30 years Howard Love has founded 15 companies and invested in over 50 early stage startups. His new book "The Startup J Curve" organizes his experience into the 6 phases startups go through as they grow. Howard also is the Founder & CEO of LoveToKnow, a digital publishing firm with over 30 million monthly visitors.
With coal magnates and aviators as his ancestors, entrepreneurship has been in Howard's bloodline for generations. In this episode, Kevin speaks to Howard about what he has learned from sitting on both sides of the table, both as a founder and an investor. We also discuss the 6 phases all startups go through according to Howard's new book The Startup J Curve. We also hear about the value of getting a formal education versus learning directly from the real world and much more:
Growing up in a family that encourages and breeds entrepreneurial spirit.
Dropping out of college to get real world experience.
Being resourceful in the startup space.
The grit it takes to get your company off the ground.
The knowledge and insight gained from writing a book.
Advancing the dialogue of startup culture through understanding of the J-curve.
The phases of a company: create, release, morph, model, scale, and harvest.
Ambition Today Question of the Day™:
"When you think about the younger version of yourself, how do you reconcile where you are now, and where you thought you would be?"
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Kelly Roach, From NFL Cheerleader To Million Dollar Brand
Kelly Roach is the founder of Kelly Roach Coaching and host of the Unstoppable Success Radio podcast. With a resume of NFL cheerleader, fitness enthusiast, and mother, Kelly doesn’t exactly fit the usual business coach profile.
Kelly Roach
Kelly Roach is the founder of Kelly Roach Coaching and host of the Unstoppable Success Radio podcast. With a resume of NFL cheerleader, fitness enthusiast, and mother, Kelly doesn’t exactly fit the usual business coach profile. In Episode 22 of Ambition Today Kelly gives us some great insight into how she leverages her unique experience to grow her businesses, how she published an internationally bestselling book, and why she started the Unstoppable Success Radio podcast.
Growing up in a financially struggling family, Kelly learned the value of hard work at a very early age while working for the NFL before she was 20. With an unparalleled work ethic she quickly climbed the ladder of success in Corporate America. Soon after she then realized her passion for aiding others in pursuit of their dreams. We cover how Kelly now does just that and more on this episode of Ambition Today:
Going out and working for what you want at an early age.
Applying her degree in Communications to create productive interactions in the business environment.
The importance of travel in shaping a healthy lifestyle mentality.
Lessons learned from holding multiple positions on an NFL team.
Appreciating the value of lesser jobs to build knowledge before having your dream job.
The inherent ebb and flow of startups.
Lifestyle building via business development.
Why building a personal brand is so important now.
Publishing her bestselling book & starting a podcast.
The necessity of human contact in growing your business.
Ambition Today Question of the Day™:
"What does Ambition mean to you and how do you satisfy your personal ambition each day?"
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Pioneering The Social Media Frontier With Jonathan Abrams, Founder & CEO of Nuzzel
The godfather of social media, Jonathan Abrams, joins us on this episode of Ambition Today. He is now the founder & CEO of Nuzzel, a new platform to discover the top news from your friends and influencers.
Jonathan Abrams
The godfather of social media, Jonathan Abrams, joins us on this episode of Ambition Today. He is now the founder & CEO of Nuzzel, a new platform to discover the top news from your friends and influencers. Letting users cut through the muddle of content on social media to emphasize only their most relevant content. Previously, Jonathan has founded several other companies; Socializr, HotLinks, Founder's Den and most notably Friendster. He is also a top-rated mentor at The Founder Institute and has been extensively involved in the Silicon Valley entrepreneurial community for over ten years.
After growing up in Canada and working for Nortel he became an employee at Netscape during it's prime. Abrams went on to found Friendster in 2002 before the wider adoption of, at the time newcomers; MySpace (2003), Hi5 (2003), Facebook (2004) and other social networking sites. Friendster was one of the first of these sites to attain over 1 million members. In 2012, Abrams recognized a fallacy in the market of social news readers, when the programs of the time weren’t what he was looking for: fast, easy-to-use, and social. Today Jonathan talks about his solution to this problem with his new company Nuzzel, his appearance on Chelsea on Netflix, and much more:
Navigating the seemingly minuscule Canadian computer science marketplace.
Being a first-time entrepreneur during the dot-com boom and bust.
How Friendster competed with Facebook in the developing market of social media.
Using social curation to launch Nuzzel.
Trying to reach a wide audience with relevant information.
The future of Nuzzel.
Why e-mail remains king in the world of social media.
Surviving in Silicon Valley by not getting ahead of yourself.
The future of the social landscape.
Ambition Today Question of the Day™:
"What does Ambition mean to you and how do you satisfy your personal ambition each day?"
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Jesse Middleton Talks Building WeWork Labs And Investing With Flybridge Capital
Over the years WeWork has grown to become an $16 billion empire of co-working office spaces that are disrupting the traditional real estate markets all over the world. Our guest today, Jesse Middleton, joined the team as the founder of WeWork Labs, the company’s startup focused community. Since then he has helped the company grow into the giant it is today. Recently he has just joined the venture capital firm Flybridge as a General Partner.
Jesse Middleton
Over the years WeWork has grown to become a $16 billion empire of co-working office spaces that are disrupting the traditional real estate markets all over the world. Our guest today, Jesse Middleton, joined the team as the founder of WeWork Labs, the company’s startup focused community. Since then he has helped the company grow into the giant it is today. Recently he has just joined the venture capital firm Flybridge as a General Partner.
Early on with entrepreneurial parents, Jesse learned that he did not have to take the traditional path in life and that he could forge his own future. He started to do just that, as he founded his first company before even going to college. Fast forward to Fast Company magazine once comparing Jesse to Jack Dorsey, then onto his time building WeWork Labs, and now his time as a VC at Flybridge. Jesse has a great story full of many lessons, such as:
Recognizing at an early age the ability to create your own path in life.
The importance of keeping a clear focus at the early stages of a new company.
How Jesse founded WeWork Labs.
Just get started and go.
The lessons from actively helping grow a $16 billion company.
Why long term vision is so important for the founders of companies.
What is next for WeWork Labs.
The intersection of community building and being an investor.
The future of Venture Capital.
Ambition Today Question of the Day™:
“What does Ambition mean to you and how has it driven you?”
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Swallow The Frog 🐸
“If you know you have to swallow a frog, swallow it first thing in the morning. If there are two frogs, swallow the biggest one first.” -Mark Twain
"Swallow The Frog."
I heard that phrase recently. It wasn't the first time I heard it and apparently Mark Twain originally said it quite some time ago. His original Swallow The Frog quote was:
“If you know you have to swallow a frog, swallow it first thing in the morning. If there are two frogs, swallow the biggest one first.” -Mark Twain
As human's we are all guilty of procrastination. In fact, it is actually programmed in us to do so.
Making sure you swallow a frog on your todo list each day is so important for progress in one's life and especially in entrepreneurship.
For some reason when Matt Rodak reminded me of the swallow the frog meaning in a recent conversation, it stuck with me. I woke up the next day, looked at my Todo list in ToDoist and starting swallowing some of the larger frogs on my list! I completed the items that I really hated doing normally and that had this stench of anxiety around completing. And I felt great afterword!
The best part about swallowing the frog earlier in the day is you don't spend the whole rest of the day thinking about it. It's done. It's gone. The progress is made and you can now use your brain power in other productive ways. And if you do the worst part of your day first thing in the morning then when bad things happen the rest of the day, they are quickly put in perspective as not that awful.
One little productivity hack I started to use that I think you might find useful is this. When I caught myself snoozing an item on my todo list or I found myself feeling anxiety around an item to work on, I started adding the frog emoji 🐸 in front of the task's name. That way the next time I looked at my todo list, I knew exactly which I item's I needed to accomplish first that day.
So tomorrow wake up and Swallow The Frog. Ensure you get the tasks you dread the most, done first each day! And if you have to swallow more then one frog each day (as most startups founders do) then make sure you swallow the ugliest and wart-iest first! And if you still need help, someone even wrote a swallow the frog book, which might be helpful.
Paul Polizzotto Transforms Advertising Into Real World Positive Social Change With CBS EcoMedia
Serial Social Entrepreneur Paul Polizzotto, who is one of the most passionate and dedicated entrepreneurs I know, joins us for episode 19. Paul is the founder and CEO of CBS EcoMedia, which harnesses the power of advertising and transforms it into a powerful engine for positive social change.
Paul Polizzotto (Eric J. Smith / CBS EcoMedia)
From the CBS EcoMedia office’s in New York City, Serial Social Entrepreneur Paul Polizzotto, who is one of the most passionate and dedicated entrepreneurs I know, joins us for episode 19. Paul is the founder and CEO of CBS EcoMedia, which harnesses the power of advertising and transforms it into a powerful engine for positive social change.
Paul’s personal philosophy and actions around social entrepreneurship over his lifetime have created an incredible story thus far. His journey started in California when he was younger and used to surf the then polluted waters of Santa Monica Bay. Paul noticed that the existing companies in the contract cleaning industry were improperly discharging contaminated water into the storm drains, which then drained into the bay that his friends and him surfed in. His first company Property Prep helped to improve those conditions through a solution that properly disposed of the contaminated water. He now works to improve the world through his most recent company CBS EcoMedia, which was acquired by CBS and funds the most effective non profit companies that are taking on the most urgent social issues of our time. In this episode we also discuss:
Seeing opportunity around you in the world everyday.
How surfing and risk taking has influenced Paul as an entrepreneur.
What happens at the intersection of art and engineering.
Difference between working hard FOR an idea and working hard ON an idea.
How to be receptive to the right ideas in your life.
Paul’s 4 criteria for knowing if an idea is worthwhile to pursue.
How Paul created the national Adopt-A-Waterway Program in the United States.
Using existing business models to transform other industries.
The partnership with CBS that led to EcoMedia being acquired.
If you get exactly what you want, will you have the courage to follow through with it to meet your goals.
Ambition Today Question of the Day™:
How should a person take an idea they have and navigate it into reality?
Links from this episode:
Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Amir Salihefendic Grew The Todoist App From Solo Project To Millions Of People
The most ambitious people “Get. Sh*t. Done.” and that is what today’s guest Amir Salihefendic specializes in. Joining us from Portugal, Amir is the founder of Doist, the company which makes the very popular Todoist app
The most ambitious people “Get. Sh*t. Done.” and that is what today’s guest Amir Salihefendic specializes in. Joining us from Portugal, Amir is the founder of Doist, the company which makes the very popular Todoist app. With millions of users, Todoist is one of the top to-list apps in the Apple App Store & Google Play Store.
Amir grew up in an entrepreneurial family in Denmark after his family moved from Bosnia. Starting projects seems to have been in Amir’s blood from an early age. When he was fifteen he sold his first website and invested the money he made in a new Macbook in order to start a new business building and selling websites. Later he went on to build Plurk, and fast forward to today, Amir has built Todoist. The to-do list app started as a personal project for just himself, but when he released it on his personal blog to only 300 people, he saw there was immediate demand for it. Todoist has since grown to millions of users. Throughout this episode we discuss how Amir built his company with remote teams, scaled to several million dollars annually in revenue, and also:
How having entrepreneurial parents influenced Amir.
Why scaling too fast can hurt your company if you are not ready for it.
How to keep your life organized and efficient.
Why you should make powerful product features, simple.
The impact that mission, passion and culture can have on a company.
The best characteristics for employee's joining remote teams and where to find them.
How your employees are your biggest investments.
The importance of constantly investing in yourself across all the skill sets you need.
Focusing on high impact work and actively working to avoid distractions.
How to make the most of your To-do list and optimize it.
Why you need to "swallow the frog" at the start of every day.
Ambition Today Question of the Day™:
How do you define success?
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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David S. Rose Explains How The New Startup Crowdfunding Rules Affect You & His New Book The Startup Checklist
On this episode of Ambition Today David S. Rose explains his new book The Startup Checklist, how the new startup crowdfunding rules affect you & angel investing 101.
David Rose, The Startup Checklist
On this episode of Ambition Today David S. Rose explains his new book The Startup Checklist, how the new startup crowdfunding rules affect you & angel investing 101. A third generation serial entrepreneur, David's new book The Startup Checklist which is now a New York Times Bestseller. David is also the author of the Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups, as well as the Founder and CEO at Gust.
A man of many titles: Entrepreneur, Angel Investor, Mentor, and Author; David has had an incredible career starting several businesses. Crain's New York Business has called David "the father of angel investing in New York".
Today we learn about how he got started as a founder, became an angel investor, and where he is now as an Author and CEO. We cover the basics of how angel investing in startups works and unpack what the new SEC crowdfunding rules actually mean for startups, your friends, your family and you. We also learn about:
How an Urban Affairs degree enhanced David's views on business.
Why he started Angel Investing.
How NY Angels was created.
How do you set the foundation for a great startup company.
Angel Investing 101.
What is an Accredited Investor.
How Title 3 of the JOBS Act impacts startups and you.
What the new SEC crowdfunding rules mean if your income or net worth is below $100k.
What the new SEC crowdfunding rules mean if your income or net worth is above $100k.
If a founder decides to fundraise from non-accredited civilians, what do they need to know?
What platforms are enabling crowdfunding right now?
How can you invest in startups now.
Ambition Today Question of the Day™:
Why does success matter in the first place? Why not just live a simple life in a fishing town?
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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How Jeff Stewart Helps Loan Money To Strangers All Over The World With Lenddo
Lend an ear as we interview how NY Serial Entrepreneur Jeff Stewart founded numerous companies, including his most recent business, Lenddo.
Lend an ear as we interview how NY Serial Entrepreneur Jeff Stewart founded numerous companies, including his most recent business, Lenddo.
Jeff was a pioneer in the early days of the internet. He started Square Earth in the mid 90's and it eventually got acquired. His second company Mimeo was started in 1998 and is still operating today. Now he is the Founder and Chairman of Lenddo, which uses non-traditional data such as your social media profiles to provide credit scoring and verification to economically empower the emerging middle class around the world. To hear about the rest of Jeff's business ventures and life lessons be sure to check out the whole episode, including:
How Dale Carnegie's writing influenced Jeff's early years.
The advantages of understanding the technology within your products.
How Jeff watched the internet double in size in one day.
Jeff's experience guiding Mimeo through the financial dot com crash.
The parallels between the dot com crash and the 2015-2016 "tech bubble".
What is an Entrepreneur in Residence?
The power of having customers before you have a company.
The pains of being too early to market within an industry.
How do you verify a person's identity?
The importance of having the right team.
How to find the a great advisor!
Ambition Today Question of the Day™:
How important is being the right location to achieving one’s goals?
Links from this episode:
Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Patrick McGinnis Tells You How To Be A 10% Entrepreneur And How He Coined The Meme F.O.M.O.
You are not going to want to miss out on this episode! Patrick McGinnis, Author of the 10% Entrepreneur joins Ambition Today for episode fifteen. We talk about the unique ways in which people can engage in entrepreneurship on the side, how to travel the world, and how Patrick coined the term F.O.M.O. (Fear of Missing Out) on the internet.
Patrick McGinnis, Author of the 10% Entrepreneur
You are not going to want to miss out on this episode! Patrick McGinnis, Author of the 10% Entrepreneur joins Ambition Today for episode fifteen. We talk about the unique ways in which people can engage in entrepreneurship on the side, how to travel the world, and how Patrick coined the term F.O.M.O. (Fear of Missing Out) on the internet. Patrick went from growing up in the small blue collar town of Sanford in Maine to visiting over 70 countries, investing in several companies with AIG Capital, co-founding his company Real Influence, and now publishing his book.
Leaving Maine, Patrick went to Georgetown for International Economics which eventually lead to an entire year being paid for to live in Argentina. After his time abroad he came back to work in Latin American investment banking on Wall Street in New York City. When his position was dissolved he then re-evaluated his role in finance and went on to Harvard Business School before joining AIG Capital. At AIG Capital Patrick focused on investing in early stage startup companies. He later founded, Real Influence, a company which enabled branded video partnerships for early Youtube stars. That experience taught Patrick the lessons he shares now in the 10% Entrepreneur. From Patrick’s life we also explore:
Overcoming the local hometown mentality when leaving your hometown.
The value of traveling the world and living abroad.
What to do when you find yourself in a life threatening situation.
How Patrick went from Wall Street analyst to Venture Capitalist.
The impact being at AIG during the 2008 financial crisis had on Patrick’s life.
What stress can do to the body long term when you let it build up.
Overcoming Turrets syndrome and what other people think.
Making the leap from investor to founder.
Selling something for the first time.
What does it mean to be a 10% Entrepreneur.
How partnering with people can expand yourself outside your comfort zone.
How do you get a book deal.
Coining the word term F.O.M.O. (Fear of Missing Out) on the internet.
Learning resilience at an early age.
Ambition Today Question of the Day:
What was the gold standard “norm of jobs” when you were growing up that your friends and family accepted as a good job to have, but you didn’t?
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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Ambition Today: Adam Besvinick Teaches The Art of Hustle and How To Break Into Your Dream Role
Venture Capitalist Adam Besvinick explains the value of pure hustle in pursuing his dreams of breaking into the Startup and Venture Capital industry. Recently named to the Forbes 30 Under 30, Adam has invested in several startup companies as Principal at Deep Fork Capital.
Adam Besvinick, Principal VENTURE CAPITALIST aT Deep Fork Capital
Venture Capitalist Adam Besvinick explains the value of pure hustle in pursuing his dreams of breaking into the Startup and Venture Capital industry. Recently named to the Forbes 30 Under 30, Adam has invested in several startup companies as Principal at Deep Fork Capital.
In episode 14 we explore where Adam came from and how that connects to where he is now. Adam started blogging on VentureMinded.Me years ago and created his own track record through taking ownership of his brand. He has always strived to be continually helpful and add value to others. Through that hustle he previously worked his way into a role at Lowercase Capital to learn from Chris Sacca. Afterword Adam was one of the early employees at Gumroad while going to Harvard Business School. Now Adam is Principal at Deep Fork Capital and has invested in several companies across the country, with a focus on New York City and Silicon Valley. We go over what he looks for in great startups, how he used self-marketing to break into venture capital, and also cover:
The influences of growing up around entrepreneurship.
The value of experiencing life abroad.
How to demonstrate your expertise in a given field.
Why self-marketing is important.
How Twitter can create real world connections.
How constantly being helpful to others, leads to opportunity.
His experience at Duke and Harvard.
The differences between Silicon Valley and New York City.
How being an Investor in New York City is beneficial.
What Adam looks for in startups today.
Exploring some of the Deep Fork Capital portfolio companies.
Ambition Today Question of the Day:
How important is networking?
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Thank you so much for listening and applying these useful tips and strategies to your life! If you have a chance, please drop by and leave a review for the show on iTunes by clicking here. Also, who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
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When Business Growth Creates New Challenges
The funny thing about growth is that it can be a double edged sword. As a founder it is your job to drive and create growth for your company. After all the hard work, eventual growth in your company is the result of over coming each early obstacle. But at the very same time growth can then immediately create new obstacles.
The funny thing about growth is that it can be a double edged sword. As a founder it is your job to drive and create growth for your company. After all the hard work, eventual growth in your company is the result of over coming each early obstacle. But at the very same time growth can then immediately create new obstacles.
This happens because growth brings with it additional challenges that your company may not have experienced before. On one side you should be celebrating that recent growth has led demand to increase beyond your wildest dreams. At the very same moment though your company is reaching the maximum capacity of your existing processes and current team capabilities.
This is one of the reasons entrepreneurship is a constant uphill battle. As an entrepreneur it is your job to keep problem solving new challenges over and over. Knowing this is one of the reasons we place such a high value on High Fluid Intelligence at the Founder Institute when evaluating new potential founders applying to the program. Can you quickly learn a rule set and apply it to solve a novel problem? With a constantly changing playing field, founders must recognize patterns and quickly adapt to survive.
The best founders have high fluid intelligence. They use it to quickly recognize the new obstacles growth has challenged them with, analyze, adapt and solve them. Ensuring that as the founder you are problem solving over and over is the path to increased growth and success for your business.
In order to prevent this repetitive cycle from becoming too daunting though it is important that throughout this process you make sure to remember to take a a brief moment to celebrate the wins as they come, or they may just quickly pass you by.
Tim Ferriss And Daymond John On The Power Of Being Broke
Every once in awhile I hear an episode of a show that is so good I feel compelled to share it. That happened last night when I listened to Daymond John of FUBU and Shark Tank interview Tim Ferriss on how to turn weaknesses into strengths. Daymond turned the tables on this episode of The Tim Ferriss Show and interviewed Tim about the power of being broke.
I listen to a lot of podcasts. Every once in awhile I hear an episode of a show that is so good I feel compelled to share it. That happened last night when I listened to Daymond John of FUBU and Shark Tank interview Tim Ferriss on how to turn weaknesses into strengths. Daymond turned the tables on this episode of The Tim Ferriss Show and interviewed Tim about the power of being broke. How to capitalize on a lack of resources and turn that into success.
The power of being broke forces people to be scrappy, which could possibly be the best single word to describe the best entrepreneurs. Some nuggets of wisdom to absorb from this episode include:
- Using empathy to attract mentors.
- How Tim overcame 27 rejections on his first book before getting his book deal for 4 Hour Workweek.
- Making sure you don't over burden potential mentors.
- Who makes the best business partners.
- How to separate yourself from the crowd.
- Why you should be nice to EVERYONE.
- Don't be afraid to admit what you don't know.
- Importance of putting yourself close to the action.
- Always keep your sleeves rolled up.
- Maintaining your Time, Health and Nutrition.
Work The Problem: Advice From An Astronaut
Last year I read An Astronaut's Guide To Life On Earth by Chris Hadfield. In it he talks about working the NASA strategy of working the problem. This very technique ended up aiding Commander Hadfield when he went blind in space.
Last year I read An Astronaut's Guide To Life On Earth by Chris Hadfield. In it he talks about the NASA strategy of working the problem. This very technique ended up aiding Commander Hadfield when he went blind in space. Here is an excerpt from Chris Hadfield's book that offers you a brief explanation of what exactly working the problem means is in his own words:
“Working the problem” is NASA-speak for descending one decision tree after another, methodically looking for a solution until you run out of oxygen. We practice the “warn, gather, work” protocol for responding to fire alarms so frequently that it doesn’t just become second nature; it actually supplants our natural instincts. So when we heard the alarm on the Station, instead of rushing to don masks and arm ourselves with extinguishers, one astronaut calmly got on the intercom to warn that a fire alarm was going off – maybe the Russians couldn’t hear it in their module – while another went to the computer to see which smoke detector was going off. No one was moving in a leisurely fashion, but the response was one of focused curiosity; as though we were dealing with an abstract puzzle rather than an imminent threat to our survival. To an observer it might have looked a little bizarre, actually: no agitation, no barked commands, no haste."
Chris Hadfield - Excerpt from An Astronaut’s Guide to Life on Earth
This work the problem NASA mentality of descending down one decision tree after another until you reach your solution is something I learned and practiced first hand during my time as a Fireman and EMT. The main reason I think the idea of working the problem has stuck with me so much over the years though is because it is so similar to entrepreneurship. With each problem you conquer there will be a new one that arises. And just like the the limited oxygen supply in space, with entrepreneurship you can be limited by the year, month, or week of runway you have left in your business.
Applying this work the problem mentality to problem solving in business can be extremely useful. I was solving a problem recently, but was not really making any progress toward a solution. I stopped, took a step back, and realized I found myself too fixated on the problem. I was analyzing the problem over and over again as if some magic answer was just waiting to reveal itself to me. It can be so easy to get caught up on the problem when problem solving. I wasn't working the problem toward a solution like I needed to be one decision at a time. While it is important to understand a problem you are facing, once you have extracted the main knowledge you need to move forward there is often very little value remaining.
During the New York City blizzard this weekend I watched The Martian with Matt Damon (I promise no spoilers). Being as it is a film about Mars filled with teams of astronauts the strategy of working the problem is a common theme throughout the movie. It reminded me of the lessons learned over the years. After the movie I revisited the problem I was stuck on and solved it.
Work the problem is a good tool to keep around, whether you are an astronaut or not. Remember, no matter what the problem is you are facing, whether it be with your company or in your life, take the time to understand the problem and then be done with it. Take your new found knowledge and focus it, descending one decision tree after another until you reach you solution. Work the problem!
Ambition Today: Justin Dombrowski Uncovers The Power Of Curiosity, History, Bitcoin, & Education In Life
Break out your pen and paper and get ready to take notes because you will be tested on this episode! Justin Dombrowski, Principal at Historiocity teaches some incredible lessons during Episode #11 of Ambition Today.
Break out your pen and paper and get ready to take notes because you will be tested on this episode! Justin Dombrowski, Principal at Historiocity teaches some incredible lessons during Episode #11 of Ambition Today.
One of my favorite quotes from this episode perfectly embodies Justin's strong curiosity from a young age:
"I was trying to figure what kind of things best explained the world that I was interested in."
Justin has more degrees than you can count from institutions such as Columbia and Oxford. The real question though is why? Listen in to find out what Justin thinks of his personal experience with the formal education he has received and how he compares it to the world of entrepreneurship.
Through all his education Justin has become an expert on world history. We talk about what the past can teach us and ask the question: does history repeat itself? In his post academic life Justin now applies his intellect as an expert in the world of Cryptography, Bitcoin, and Financial Technology. Episode 11 of Ambition Today is packed with the following:
The power of curiosity.
How to manage curiosity.
How the access to information is changing education.
The value of formal education in the modern world.
How to use history to understand today.
Does history repeat itself?
How core human behavior is the golden thread unifying history across centuries.
Who is Satoshi Nakamoto?
What is the future of Bitcoin.
How will Bitcoin impact the world.
The importance of living life.
Ambition Today Question of the Day:
What kind of education is most valuable?
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Time Management For Entrepreneurs
I believe there is tremendous value in optimization. Increasing effectiveness even by a slight amount can have exponential effects as a result. Since taking a step back and thinking about planning my life in 2016 I have been working on ways to optimize life. One of those is time management.
I believe there is tremendous value in optimization. Increasing effectiveness even by a slight amount can have exponential effects as a result. Since taking a step back and thinking about planning my life in 2016 I have been working on ways to optimize life. One of those is time management, which I feel is something that can have a profound impact on most entrepreneurs.
I value time as the most important asset in my life. It is finite. The fact is that there is no Department of Time to print more hours, days or years like there is a Department of Treasury to print more money when the supply runs low.
There are 24 hours in a day. That is all you get. Make sure you spend each one of those hours wisely. We have been given the gift of time and it is our duty to make the most of it. Those 24 hours will be spent on either sleep, work, exercise, family, fun or free time.
I was originally going to elaborately detail my own day for this post but I have really liked the way Casey Neistat broke down his daily routine using the painted domino's visually in the below video. I have skipped ahead to the good part of the video (3:32) so you can jump right in. My routine in 2016 has been very similar to the image above. The major difference being that I swap vlog time with blog and podcast time. Also a night or two a week family time gets swapped for me with running event's in the evening around New York.
I like the balance that routine brings to the day in order to allow for more productivity in the long run. It also helps reduce burn out, which can be a real issue for entrepreneurs if not addressed. I look forward to continuing to maximize each day to the fullest potential I can. Let me know if you have a routine or any suggestions on maximizing the day. Feel free to put them in the comments below.
Learning How To Learn
Prior to getting my degree from the University at Buffalo in Cognitive neuroscience. which is the analytical combination of Neuroscience, Philosophy, Psychology, Linguistics, and Artificial Intelligence, I was pursuing a degree in Nursing. I had heard from friends and family that...
Prior to getting my degree from the University at Buffalo in Cognitive neuroscience. which if you don't know is the analytical combination of Neuroscience, Philosophy, Psychology, Linguistics, and Artificial Intelligence, I was pursuing a degree in Nursing. I had heard from friends and family that anesthesiologist made a decent amount of money and also helped people.
At the same time I was a Fireman and EMT with the Swormville Fire Company. I had spent my fair share of time in the back of ambulance's responding to emergency calls and delivering people to the Emergency Room. A degree in nursing seemed like a natural progression for the path I was on.
But something about it didn't seem right. I was too curious. I wanted to know more about the world than a degree in nursing was telling me. I began to search for another option. I remember asking around to see if any Universities offered a degree in "life". I wanted to know and understand all there was about the world and the people in it. Then I remember seeing the description for the Cognitive Science degree at UB. It was:
Cognitive Science is the study of how the mind works. It investigates thought and consciousness, the senses and emotions, the structure of language, cultural patterns, neural organization, and the computational analogs of mental processes. It examines how these areas interact, how they develop in the growing human, and how they appear in other animals.
It sounded perfect. While the range of knowledge Cognitive Science pulled together was awesome I especially loved the classes that focused on Neurology. I enjoyed them so much I actually made Neuro the core focus for the major. Finally I had found something that provided a deeper understanding of how people think which scientifically complemented my minor in Philosophy perfectly. I was beginning to form an understanding holistically of how the world worked.
Through my degree in Cognitive Neuroscience I learned how to scientifically form and ask the right questions. I learned how to apply the philosophy of logic to understand the answers I got to those questions I was asking. I learned how people think. I learned which of the neurons drives different instinctual human characteristics. From my minor I learned to appreciate the philosophical differences those characteristics can take across numerous cultures and ideologies.
While I didn't pursue a career in the Cognitive Science field after graduation the biggest take away I got out of my time at University was that I learned how to learn. I think this is one of the most important investments a person can make in themselves. The earlier you make this investment the more compound interest you will get as a result across your lifetime.
I did this before the time that I started taking an interest in learning about startups. Again, as a way to satisfy my intense curiosity for understanding the world and how new ideas manifest themselves into reality. Being armed with the tools to learn thanks to my degree was a massive help in learning and understanding the world of startups over the next several years.
The key take away here is that I think there are two types of learning. One, you can learn how to learn. This is a skill and ability that everyone can nourish and grow. If done first it sets a solid foundation for you to then go learn and have a complete understanding around a specialized field much better than skipping ahead to only learning a specialized field. It is a small distinction but an important one in my mind. Tim Ferris is a great example of this. He is a man who has perfected the art of learning how to learn and because of that he can pick up new things almost overnight and quickly understand them. His new series in the iTunes store, The Tim Ferris Experiment along with his books, are a testament to this. So next time you are struggling to learn and understand something new. Take a moment and think if there is some foundational work you can teach yourself first, that will help you with achieving your current goals. Learn how to learn.
Ambition Today: Rob Principe, Founder & CEO of Scratch On Partnering With Jam Master Jay of Run-D.M.C., The Future Of Music, And The Rise Of The DJ
Episode nine of Ambition Today finds us with the King of the DJ's, Rob Principe, the Founder & CEO of Scratch Music Group. We talk about meeting your hero's as a child and then growing up to become business partners with them. Also, the Future of DJ'ing, Music, and much more.
Rob Principe, CEO of Scratch Music Group
Episode nine of Ambition Today finds us with the King of the DJ's, Rob Principe, the Founder & CEO of Scratch Music Group.
Young Rob Principe with Run-D.M.C.
Growing up on Long Island as a child Rob loved music, especially Run D.M.C. One day the popular music group happened to sit down next to him on a plane as he was traveling to a tennis tournament. Afterword he took a picture with the group. Fast forward years later Rob had founded Scratch Music Group and after some hustle, Rob would show this very picture to Jam Master Jay of Run-D.M.C. in a greenroom at the Letterman Show in New York City while pitching him his vision. Jam Master Jay was in and together they co-founded the Scratch DJ Academy. I found Rob's story to be pretty incredible. During this episode we go over the history of Scratch as well as:
What is it like meeting your childhood hero's.
How Rob and Jam Master Jay of Run-D.M.C. co-founded the Scratch DJ Academy.
The importance of building credibility when building your initial startup's team.
Recognizing that defining inspirational moment in your life that changes the path your on.
How Aerosmith and Run-D.M.C. came to collaborate on "Walk This Way".
The moment when your startup becomes and feels real to you as the founder.
Converting your initial traction into a paid business model.
The importance of moving the chains over and over during the early years of your startup.
The future of DJ'ing and Music
How Music Festivals became so popular.
Ambition Today Question of the Day:
Do you think childhood plays a role in defining who people become?
Be sure to listen and subscribe to Ambition Today in the iTunes Store for iOS and on Stitcher for Android.
Links from this episode:
Who should I interview next? Please let me know on Twitter or in the comments. Do you enjoy this podcast? If so, please leave a short review in the comments below. It keeps me going…
Listen to this episode now:
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Careers Of The World's Best Founders
So you want to be the next Steve Jobs, Richard Branson, Walt Disney, Henry Ford, or even Colonel Sanders. Ever wonder where do the best founders come from? Well consider your self covered thanks to this new collection of careers of the world's best founders.
So you want to be the next Steve Jobs, Richard Branson, Walt Disney, Henry Ford, or even Colonel Sanders. Ever wonder where do the best founders come from? Well consider your self covered thanks to this new collection of careers of the world's best founders.
The journey to greatness is not always just sunshine and rainbows. It is a journey and along the way there are plenty of successes, failures, new ventures founded, and lessons to be learned. You hear some of those stories on Ambition Today. If you are wondering about societies late great founders of the past though, then here you go. Fleximize answers the following questions:
- How did the greatest entrepreneurs start out?
- What were their biggest successes?
- What failures did they have to overcome along the way?
Here are the answers all packed into one charted collection of the careers of 33 inspirational company founders, showing that there’s more than one path to success.
State of Startups Report: 2015
First Round Capital has released their 2015 State of Startups Report. They asked the question "What does it mean to be a startup entrepreneur in 2015?". The report was designed to share meaningful insights into what it's like to run a startup today.
First Round Capital has released their 2015 State of Startups Report. They asked the question "What does it mean to be a startup entrepreneur in 2015?". The report was designed to share meaningful insights into what it's like to run a startup today. The full report is above.
The key takeaways from the First Round Capital State of Startups Report 2015 include:
- Most think it won’t get easier to raise funding.
- 73% say we're in a tech bubble.
- No one has a clue about the IPO market.
- Women-led companies are more diversity focused.
- Founders see power shifting from entrepreneurs to investors.
- Hiring the right people and revenue growth top the list of founder concerns.
- Co-founder relationships change with age.
- Bitcoin is overhyped while autonomous vehicles are underhyped.
- Founders fear long-term failure, but not the short-term mistakes that lead to it.
- Elon Musk is the far-and-away most admired leader in technology.
If you are a startup founder let me know on Twitter or in the comments below what you think some of the biggest lessons learned from running your startup in 2015 is.