He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp

Published: Jan. 28, 2016, 9:33 p.m.

Episode 152

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Summary:

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In Episode #152, Nathan speaks with Nick Sonnenberg, the founder of CalvinApp, a productivity mobile app designed to cut back on the amount of emails and texts sent back and forth when making plans. Listen as Nathan and Nick discuss the latter\u2019s transition from making a seven figure salary to building his new startup.

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Time Stamped Show Notes:

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  • 01:00 \u2013 Nathan\u2019s introduction to today\u2019s show
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  • 01:47 \u2013 Nick joins the show
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  • 01:54 \u2013 For eight years, Nick used mathematical models and programs on Wall Street to trade stocks in milliseconds.
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  • 03:50 \u2013 There were many parallels with business and finance with automation that Nick observed as a high frequency trader.\xa0
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  • 04:50 \u2013 Nick was making seven figures before he decided to do his startup.
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  • 05:29 \u2013 Like many people, Nick values the ability to work on what he wants whenever he wants.
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  • 05:52 \u2013 Calvin App is funded by 200K of Nick\u2019s own money and another 200K raised by family and connections.
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  • 06:21 \u2013 The company is looking to raise around 750K.
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  • 07:27 \u2013 CalvinApp stores the plans of a user and can compare it to those of another user to efficiently find a time both users are free.
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  • 09:33 \u2013 Instead of making money, the app\u2019s current focus is to improve and get users.
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  • 09:45 \u2013 Moving forward, CalvinApp plans to make money through affiliate partnerships with services such as OpenTable and Fandango.
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  • 10:08 \u2013 Nick discusses a second interesting method with CalvinApp that is further down the road. (integrating into brands)
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  • 10:56 \u2013 CalvinApp has had about 400-500 downloads since coming out very recently on the app store.
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  • 11:35 \u2013 Who is Calvin?
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  • 13:07 \u2013 Famous Five
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3 Key Points:

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  • As a high frequency trader, Nick observed the benefits of automation not only in finance but also in everyday life.
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  • CalvinApp allows a user to store plans and compare it to those of another user to efficiently find a time both users are free.
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  • Soft skills such as marketing and web development can be just as important as hard skills such as engineering and math.
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Resources Mentioned:

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  • Growth Geeks \u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
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  • LinkedIn \u2013 Nick Sonnenberg\u2019s LinkedIn
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  • CalvinApp \u2013 Nick\u2019s mobile app
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  • Jack Dorsey \u2013 CEO Nick keeps up with
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  • Less Doing, More Living \u2013 Book Nick stands by
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  • Slack \u2013 One of Nick\u2019s online tools
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  • Trello \u2013 One of Nick\u2019s online tools
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  • Evernote \u2013 One of Nick\u2019s online tools
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Famous 5

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  • Favorite Book?\u2014Less Doing, More Living by Ari Meisel
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  • What CEO do you follow?\u2014 Jack Dorsey
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  • What is your favorite online tool?\u2014 Slack, Trello, Evernote
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  • Do you get 8 hours of sleep?\u2014 No
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  • If you could let your 20 year old self know one thing, what would it be?\u2014To get involved with web development and marketing instead of focusing too much on Engineering and Math.
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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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