Angel Investing in the Next Robinhood - Jonathan Hung #5231
Summary: In today\u2019s episode, I speak with angel investor Jonathan Hung to discuss many of the inside tips and tricks of successful entrepreneurs. Jonathan highlights the importance not of the individual entrepreneur themselves, but of the team that ultimately must grow and evolve as the business does such. If you are interested in hearing about the development of startups, up and coming trends in tech, and the tools needed for you and your business to thrive, then tune in to today\u2019s podcast. Highlights: -Jonathan is an angel investor and managing partner at Unicorn Venturing Partners -From working in so many sectors, what is the biggest lesson you\u2019ve learned? Jonathan says it\u2019s not about one individual\u2014it\u2019s about the team. Jeff Bezos didn\u2019t build Amazon by himself. -Can you have a start-up company without a strong overarching personality that can turn your vision into a reality -differences between public and private companies -with private companies, who your leaders/executives are are so important -The world is a big place with many people who like different things -Hiring is an important skillset to have as an entrepreneur -Leaders need to build a team; the team changes as the company grows -Looking for business models that can scale to a larger level -Entrepreneurs aren\u2019t necessarily the smartest\u2014they have grit and relentlessness -What trends are emerging in tech? What companies are evolving to fit these trends? -1/3 workers are looking to change jobs/transition *Data mining -How do you allocate valuation? It depends - services, tech, etc. -Best way to dabble in angel investing - don\u2019t do it by yourself. It\u2019s also about networking and recognize that it\u2019s okay not to be the smartest person and to seek out other expertise Useful Links: Financial Survival Network Jonathan Hung