Investor Stories 340: Lessons Learned (Beller, Walsh, Aoun)

Investor Stories 340: Lessons Learned (Beller, Walsh, Aoun)


On this special segment of The Full Ratchet, the following Investors are featured:

  • Morgan Beller
  • Colin Walsh
  • Adrian Aoun

We asked guests to tell the most important lesson they’ve learned in their career.

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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Transcribed with AI:

0:19
Welcome back to TFR on today’s special segment, we ask guests to tell the most important lesson that they’ve learned in their career. Here’s the segment called Lessons Learned.

0:35
On today’s special segment, we have Morgan Beller of SFX. Morgan, can you tell us a story highlighting a critical lesson that has changed the way you invest?

0:42
Trust my trust my gut? I over you didn’t do that at first, not to the extent that I needed to know if I could go back in time. That’s why I’m trying to think of something in the anti Park portfolio something that I overthought hemmed in hard, versus just I knew,

1:00
do you think your gut speaks to you more on the people side of deals, your vetting, then the opportunity side?

1:08
distinct? Do you think that people are from the opportunity so as mentioned, like everything, seed is more of an art and growth is more of a science and other corny analogy I use is like a company is an equation with a lot of variables. And the only coefficient that’s likely fixed at seed is the people. And even that might change but the name is gonna change the market’s going to change the world is going to change, the product might completely change. So I the people’s kind of like the main part not to be little like the other part of the job, which does require diligence, looking into the markets, etc. But there are times where I’m like, Are we overthinking this, this person is clearly a stud, are we overthinking this, like this person is not? isn’t going to make it. And that’s where time will tell if that is the right way to go about it.

1:58
On today’s special segment, we have Colin Walsh, Alvaro bank, Colin Kuhn tells the story highlighting a critical lesson that has changed the way that you lead. Yeah, so let’s see, there’s so many, I think that, you know, being okay, with not having all the answers, and being able to say, you know, I don’t know, but here’s the problem we have to solve and learning how to lead leaders that don’t necessarily just need, you know, directions on a task, but they need to be able to understand the higher level direction, you know, setting some expectations of what it is that you’re trying to solve for. And letting others figure out the solution is, is something that I think younger founders probably struggle with a little bit, you know, for me, I think the area that I will, I’ll admit to that I’m probably a real pain is, is for my product, people, because I’ve been building financial products, like my whole career. So I always have a point of view on that. You know, and I always positioned it as, think about this, but don’t, I’m not, I’m not mandating, and I want my folks to feel empowered to come up with the solutions that are right for the problems we’re solving. But you know, in other areas, whether it’s in tech, or in design, or in risk management, or finance, like, I’ll have a perspective and you know, I run businesses, I understand some of the many of the dynamics, but I’m not gonna, you know, tell people what to do. Like they it’s really more being very clear on the outcomes you’re trying to get to and the expectations and then letting and really empowering teams. And I think those are important leadership journeys that folks have to kind of learn over time, it doesn’t happen overnight.

3:46
On today’s special segment, we have Adrian, Eileen, founder and CEO of forward, Adrian, can you tell us a story highlighting a critical lesson that has changed the way you lead? Oh, my God, how many of those, you know, I’ll just kind of give you a meta. When I did my last startup, everything stressed me out like every little thing, I would panic over it. So now I’m a little more like, Well, I kind of know how this is gonna play out. So I stress a little less over the thing of the moment. Yes, there’s always going to be a fire the fires don’t stress me. It’s the existential stuff that stresses me. I’m like, on Maslow’s hierarchy of needs. I’ve moved to the self actualization of stress, you know. And so at some point, like if you’re kind of doing the startup, just know that like, eventually you’ll build the patterns and every new little fire will not will not freak you out, just give it time.

4:40
That will conclude this instalment of investor stories. If you’re enjoying the programme and would like to see it continue. Take a moment and leave a five star review in iTunes. Okay, that will wrap things up for today. Until next time, over prepare, choose carefully and invest confidently thanks for joining me