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Deepak Goel, the mastermind behind his new company\xa0 KarmaCircles. Deepak says the company is the next-generation LinkedIn. He believes he has found his calling in life as an entrepreneur in the social networking niche.

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Famous Five:

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• Favorite Book? \u2013 Give and Take
• What CEO do you follow? \u2014 Jeff Weiner, CEO of LinkedIn
• Favorite online tool? \u2014 Mint, Appear.in

• Do you get 8 hours of sleep? \u2014 Absolutely.
• If you could let your 20 year old self know one thing, what would it be? \u2014 Don\u2019t stay in a company for more than two years.

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Time Stamped Show Notes:

• 01:05 \u2013 Nathan introduces Deepak
• 01:50 \u2013 KarmaCircles is an app that connects entrepreneurs with successful business people
• 02:55 \u2013 Pilots with business schools and corporate companies
• 03:15 \u2013 No money the first year
• 03:30 \u2013 What companies are similar to KarmaCircles
• • 04:20 \u2013 A LinkedIn of the future
• 05:00 \u2013 All free pilots right now
• • 05:45 \u2013 Why they are not charging for the app now
• 06:40 \u2013 Will the customers pay when they make that shift?
• • 07:10 \u2013 If customers like the product, they will stay
• 07:40 \u2013 Target annual contract value size
• • 07:55 \u2013 500 users per month for business schools
  • 08:45 \u2013 It can be used by any company that does networking
  • 09:00 \u2013 Much larger contracts for corporate companies
• 10:10 \u2013 Capital from six angel investors
• 10:40 \u2013 6 people on their team
• • 10:50 \u2013 They pay $3000/month for six engineers
• 11:40 \u2013 Differences between them and the company Clarity
• 12:00 \u2013 Social networking is Deepak\u2019s \u201clife calling\u201d
• 13:00 \u2013 Karmacircles.com/Deepak
• 15:00 \u2013 Giving of yourself for free will circle back to you
• 15:45 \u2013 The Famous Five

3 Key Points:

• Find the industry that you were made for.
• If you give to others freely, you will see karma come back around to you.
• Believe in your business and set high expectations.

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Resources Mentioned:

• Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
• Freshbooks - The site Nathan uses to manage his invoices and accounts.
• Leadpages\xa0 \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
• Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
• Mint \u2013 Deepak\u2019s favorite online tool
• Appear.in \u2013 A video conversation tool that requires no download
• Show Notes provided by Mallard Creatives