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Uncovering the Success Strategies and Mindset of the Top 1% so You can Amplify and Transform Your Life and Business.
Episodes
Sunday Sep 26, 2021
Sunday Sep 26, 2021
A plant-based protein or delicious comfort food? Why not both?
On this episode of the Making Bank Podcast, Jim Pakulis discusses Boosh, the company that’s producing plant-based comfort food. From shepherd’s pie to pate, Boosh’s products are non-GMO, gluten-free, low in sugar—and taste incredible!
Jim has helped Boosh grow from zero to 16 million in just two years, selling in over 400 stores and now moving into the US market. This May, Boosh went public with a unique IPO structure that has a track recording of excelling. Listen to the episode to hear more of Jim’s journey and his advice for young entrepreneurs.
Listen to Josh and Jim discuss plant-based protein:
Jim’s Entrepreneurial Background (2:39)
Alternative meats aren’t Jim’s first venture in being on the forefront of a new industry. In 2010, he was the CEO WeedMaps and took it public, growing it from zero to 16 million in less than two years.
Jim believes that the alternative meats is the next great industry that will take trillions away from the animal protein market.
Plant Protein vs. Animal Protein (3:57)
While Jim doesn’t believe people will fully convert to just plant protein, he does think that many will start incorporating more plant protein in their diets.
Boosh (5:30)
As more companies enter the alternative meat space, some products are over-processed while others are raw. Boosh produces natural products that are 100% plant-based, non-GMO, gluten-free, and low sugar and sodium. All of Boosh’s products meet these requirements.
Popular Products (6:47)
Boosh’s customers love the shepherd’s pie and the Bolognese, made in partnership with Beyond meat.
How Jim Joined Boosh (7:53)
Jim and his team research companies that they feel meet their metrics—and that’s how he discovered Boosh out of Vancouver. Together, with the team at Boosh, they have grown the company to have their own entrees that are sold in over 400 stores.
In May of this year, they did a unique IPO structure that has worked for them in the past.
Room to Grow (13:15)
While Boosh is in 400 stores, there is still a huge market for them to tackle. Instead of making another non-meat burger, Boosh is approaching the industry with a different style. They are creating and acquiring unique products like pates, and even powdered cheeses.
What Jim Requires in Who He Acquires (17:12)
When looking at companies to acquire, Jim looks at certain factors such as management, the industry, debt, and the uniqueness of the product.
The Mission and Millennials (19:30)
Jim touches on an imperative point that the history of fast-food taking over in the mid 20th century has created this need to return to fresh farming once again. Additionally, younger generations like Millennials and Gen Z are attracted to products that help preserve the environment.
Welcome to America (21:21)
Before Jim wraps up, he announces Boosh’s move into the US market.
Jim also relays his advice to any entrepreneur: you’ve got to keep getting up. You’re going to face challenges s an entrepreneur and want to quit—but that next day you could have a break through.
Links mentioned:
Sunday Sep 19, 2021
Sunday Sep 19, 2021
Can ice baths treat autoimmune diseases? For this guest, it did.
On this episode of the Making Bank podcast, Jason Stauffer explains how his research and work with ice baths has changed him and his wife Adrienne’s lives forever. Originally working in pharmaceuticals, Jason left when his wife fell sick and wasn’t getting any better despite the drugs she took. He tried intermittent fasting, sleeping outside and ice baths, which changed his life. Within a year of doing ice baths, his wife was off all medications.
Now, Jason runs Morozko Forge, which sells the best at-home ice baths on the market. Listen to the episode to hear more about his cool journey.
Listen to Josh and Jason discuss ice baths:
Jason’s Background in Pharmaceuticals (2:40)
After receiving his degree, Jason entered into the pharmaceutical world. While he learned a lot and eventually switched to consulting, he saw how the industry treated symptoms, as opposed to finding cures. He also began to see the macro picture of disease, infections and trouble areas. This prompted him to start looking at things differently.
A Personal Reason (7:09)
Around her early thirties, Jason’s wife fell sick, allergic to things she had consumed her whole life, having reactions, and gaining weight. At first doctors didn’t know what was wrong until she was diagnosed with several autoimmune diseases. While she was prescribed medicine, she wasn’t improving. So, Jason decided to do something about it.
Anti-Fragile (11:20)
In his research, Jason came across the idea of “anti-fragile” which is something that becomes stronger under stress. For example, when you work out at the gym, you’re tearing your muscle cells—but when they reform, they do so stronger than before. Applying this to himself, Jason began intermittent fasting, sleeping outside, and eventually, ice baths.
Ice Baths (15:36)
After being introduced to ice baths, Jason and his wife found a lot of benefits in the experience. Jason researched ice baths and found that they prompted improvements in white blood cell count, certain motor responses, and thyroid and hormonal regulation.
Jason’s Ice Bath (20:25)
After researching ice baths, Jason found most facilities were for athletes or PT centers. He wanted to create an ice bath that would always be ready without him having to buy pounds of ice each week. After a few prototypes in his backyard, he found a solution. After a year of using his ice bath, Jason’s wife was off all medications.
How the Business Started (25:50)
When Jason started selling ice baths, he made a promise: whatever was wrong with the product, he would fix and learn from it. So, as he was shipping out experimental products, he was constantly improving them.
Why Morozko? (30:13)
Jason explains why his ice bath differs from everything else on the market in terms of temperature, design and more.
Communication is Key (36:03)
In reflecting on his own experience, Jason relays some advice, the first being to communicate constantly. Next, he believes every entrepreneur should ask themselves what problem they are trying to solve. He also emphasizes rephrasing challenges, for example, with a failure, asking what you’ve learned.
Links mentioned:
Sunday Sep 19, 2021
Sunday Sep 19, 2021
Can ice baths treat autoimmune diseases? For this guest, it did.
On this episode of the Making Bank podcast, Jason Stauffer explains how his research and work with ice baths has changed him and his wife Adrienne’s lives forever. Originally working in pharmaceuticals, Jason left when his wife fell sick and wasn’t getting any better despite the drugs she took. He tried intermittent fasting, sleeping outside and ice baths, which changed his life. Within a year of doing ice baths, his wife was off all medications.
Now, Jason runs Morozko Forge, which sells the best at-home ice baths on the market. Listen to the episode to hear more about his cool journey.
Listen to Josh and Jason discuss ice baths:
Jason’s Background in Pharmaceuticals (2:40)
After receiving his degree, Jason entered into the pharmaceutical world. While he learned a lot and eventually switched to consulting, he saw how the industry treated symptoms, as opposed to finding cures. He also began to see the macro picture of disease, infections and trouble areas. This prompted him to start looking at things differently.
A Personal Reason (7:09)
Around her early thirties, Jason’s wife fell sick, allergic to things she had consumed her whole life, having reactions, and gaining weight. At first doctors didn’t know what was wrong until she was diagnosed with several autoimmune diseases. While she was prescribed medicine, she wasn’t improving. So, Jason decided to do something about it.
Anti-Fragile (11:20)
In his research, Jason came across the idea of “anti-fragile” which is something that becomes stronger under stress. For example, when you work out at the gym, you’re tearing your muscle cells—but when they reform, they do so stronger than before. Applying this to himself, Jason began intermittent fasting, sleeping outside, and eventually, ice baths.
Ice Baths (15:36)
After being introduced to ice baths, Jason and his wife found a lot of benefits in the experience. Jason researched ice baths and found that they prompted improvements in white blood cell count, certain motor responses, and thyroid and hormonal regulation.
Jason’s Ice Bath (20:25)
After researching ice baths, Jason found most facilities were for athletes or PT centers. He wanted to create an ice bath that would always be ready without him having to buy pounds of ice each week. After a few prototypes in his backyard, he found a solution. After a year of using his ice bath, Jason’s wife was off all medications.
How the Business Started (25:50)
When Jason started selling ice baths, he made a promise: whatever was wrong with the product, he would fix and learn from it. So, as he was shipping out experimental products, he was constantly improving them.
Why Morozko? (30:13)
Jason explains why his ice bath differs from everything else on the market in terms of temperature, design and more.
Communication is Key (36:03)
In reflecting on his own experience, Jason relays some advice, the first being to communicate constantly. Next, he believes every entrepreneur should ask themselves what problem they are trying to solve. He also emphasizes rephrasing challenges, for example, with a failure, asking what you’ve learned.
Links mentioned:
Sunday Sep 12, 2021
Sunday Sep 12, 2021
Is your business protected? Probably not.
On this episode of the Making Bank podcast, Jonathan Feniak discusses which states have the best laws for your business. Jonathan explains how Wyoming, Nevada and in some cases Delaware, have the most protection for you as a business owner. Sometimes, a claim goes after the entrepreneur, not the company, and it can really hurt your assets. Listen to this episode to learn how to prepare and protect yourself.
Listen to Josh and Jonathan discuss the laws of business:
Jonathan’s Background (2:19)
Jonathan gives a brief account of his background, as he earned a JD and MBA. With his experience in wealth management and legal expertise, he helps businesses protect themselves and their assets.
Which States are Great for your Business (4:41)
Jonathan discusses how certain states like Wyoming and Nevada are great for businesses, as their laws focus on protecting the owners. He also compares Delaware, that has laws that protect both business owners and shareholders.
Getting the Right Insurance (6:40)
Giving examples, Jonathan explains the importance of having the right insurance for your business. Not only should you choose the right policy, but it’s also imperative you read through the fine print to make sure all your bases are covered.
He also delves into the details on how certain umbrella policies may or may be right for your field of business, such as real estate.
Piercing the Veil (9:54)
Jonathan relays what can sometimes happen when you are not fully insured in an area, but you have a large claim to settle. He calls this “piercing the veil,” when the claim will go after the owners of the company for the liability. The issue with veil piercing laws is that in most states, they tend to leave a lot up to the judges. He explains how to give yourself, as a business owner, another layer of protection.
He touches on how Wyoming in particular has strict veil piercing laws that protect the businesses against these claims.
Protecting your Privacy (17:31)
Jonathan covers the ways his firm can protect your privacy as an owner, which is key when running a business. He discusses how different states have different laws about how public information can be and emphasizes the importance of privacy as a way to help yourself if a claim comes about.
LLC (20:00)
Jonathan distinguishes the different rates of forming an LLC in different states. He warns those, especially in California, to be cautious of forming an LLC in that state, as the startup and annual fees are unusually high.
Links mentioned:
Sunday Sep 12, 2021
Sunday Sep 12, 2021
Is your business protected? Probably not.
On this episode of the Making Bank podcast, Jonathan Feniak discusses which states have the best laws for your business. Jonathan explains how Wyoming, Nevada and in some cases Delaware, have the most protection for you as a business owner. Sometimes, a claim goes after the entrepreneur, not the company, and it can really hurt your assets. Listen to this episode to learn how to prepare and protect yourself.
Listen to Josh and Jonathan discuss the laws of business:
Jonathan’s Background (2:19)
Jonathan gives a brief account of his background, as he earned a JD and MBA. With his experience in wealth management and legal expertise, he helps businesses protect themselves and their assets.
Which States are Great for your Business (4:41)
Jonathan discusses how certain states like Wyoming and Nevada are great for businesses, as their laws focus on protecting the owners. He also compares Delaware, that has laws that protect both business owners and shareholders.
Getting the Right Insurance (6:40)
Giving examples, Jonathan explains the importance of having the right insurance for your business. Not only should you choose the right policy, but it’s also imperative you read through the fine print to make sure all your bases are covered.
He also delves into the details on how certain umbrella policies may or may be right for your field of business, such as real estate.
Piercing the Veil (9:54)
Jonathan relays what can sometimes happen when you are not fully insured in an area, but you have a large claim to settle. He calls this “piercing the veil,” when the claim will go after the owners of the company for the liability. The issue with veil piercing laws is that in most states, they tend to leave a lot up to the judges. He explains how to give yourself, as a business owner, another layer of protection.
He touches on how Wyoming in particular has strict veil piercing laws that protect the businesses against these claims.
Protecting your Privacy (17:31)
Jonathan covers the ways his firm can protect your privacy as an owner, which is key when running a business. He discusses how different states have different laws about how public information can be and emphasizes the importance of privacy as a way to help yourself if a claim comes about.
LLC (20:00)
Jonathan distinguishes the different rates of forming an LLC in different states. He warns those, especially in California, to be cautious of forming an LLC in that state, as the startup and annual fees are unusually high.
Links mentioned:
Sunday Sep 05, 2021
Sunday Sep 05, 2021
Entrepreneurs should say yes to everything, right? Wrong.
On this episode of the Making Bank podcast, Dave McKeown discusses his strategies to grow as a leader and a business. With many years of experience, Dave consults companies that struggle to keep up with their growth—or struggle to grow at all.
“Say yes now, figure it out later” doesn’t actually work, and Dave explains why. He shares tips on how to involve your team and evolve as a leader.
Listen to Josh and Dave discuss the Self Evolved Leader:
Dave’s Background (2:11)
Entrepreneurship runs in the family. Dave discusses how watching his father own several businesses sparked his interest for the field. As he grew up, Dave worked for his father’s consulting firm, coming to America to do so.
Four years ago, Dave stepped out on his own and began his own business.
Ignore the Noise (5:02)
One of the best things that Dave learned from his dad and his own company was to ignore the noise. Instead of politicking his way to success, Dave puts his ego aside to understand what is actually important for a company and how to get there.
Sustained and Scalable Success (6:47)
Say yes now, figure the rest out later! That’s what countless entrepreneurs tell you to do. But does that actually work? Dave chats about the difference between saying yes and scrambling with a company of 20 vs. 2,000. He explains why that system is necessary in the beginning, but detrimental as you grow.
Proving the Problem (8:58)
One of the biggest hurdles that Dave faces when consulting clients is convincing them of a problem. Oftentimes, companies either can’t see what is wrong or place the blame on its people. It can be easy to blame one individual or a group of individuals for issues much larger than them. Instead, Dave encourages companies to view their lack of revenue as a systemic issue that needs fixing. If you fix the system, you fix the problem.
The Self-Evolved Leader (11:57)
Fast doesn’t always mean agile. The “yes” culture may seem exciting and fast, but ultimately, it takes longer. Dave distinguishes how making a quick decision doesn’t make an agile company. Anyone can say yes—but not everyone can deliver. Companies are agile, flexible and fast when they are clear on their roles and can deliver a product as opposed to making a snap decision.
Executives of agile companies are what Dave calls self-evolved leaders. These leaders admit to what they don’t know and ask for feedback from their people. When a leader claims with absolute certainty that a path will work, Dave calls these hero leaders. They want to be seen as invincible, even when they aren’t. Self-evolved leaders grow as the company does.
Developing Your Team (16:50)
One of the most important issues Dave touches on is delegation and development of the team. Oftentimes, leaders won’t delegate their work when they could be, or spending the time to help develop their team. However, you interact with your team every day. You may as well teach them and yourself how to be more skilled and efficient.
Three Steps (21:51)
Zooming out, Dave identifies important concepts any leader in any field must follow to find success. He focuses on setting goals with your team, ensuring you give them the correct tools to implement those goals and figuring out your flow. By finding shared, compatible goals, employees will take on more accountability at work
Links mentioned:
Sunday Sep 05, 2021
Sunday Sep 05, 2021
Entrepreneurs should say yes to everything, right? Wrong.
On this episode of the Making Bank podcast, Dave McKeown discusses his strategies to grow as a leader and a business. With many years of experience, Dave consults companies that struggle to keep up with their growth—or struggle to grow at all.
“Say yes now, figure it out later” doesn’t actually work, and Dave explains why. He shares tips on how to involve your team and evolve as a leader.
Listen to Josh and Dave discuss the Self Evolved Leader:
Dave’s Background (2:11)
Entrepreneurship runs in the family. Dave discusses how watching his father own several businesses sparked his interest for the field. As he grew up, Dave worked for his father’s consulting firm, coming to America to do so.
Four years ago, Dave stepped out on his own and began his own business.
Ignore the Noise (5:02)
One of the best things that Dave learned from his dad and his own company was to ignore the noise. Instead of politicking his way to success, Dave puts his ego aside to understand what is actually important for a company and how to get there.
Sustained and Scalable Success (6:47)
Say yes now, figure the rest out later! That’s what countless entrepreneurs tell you to do. But does that actually work? Dave chats about the difference between saying yes and scrambling with a company of 20 vs. 2,000. He explains why that system is necessary in the beginning, but detrimental as you grow.
Proving the Problem (8:58)
One of the biggest hurdles that Dave faces when consulting clients is convincing them of a problem. Oftentimes, companies either can’t see what is wrong or place the blame on its people. It can be easy to blame one individual or a group of individuals for issues much larger than them. Instead, Dave encourages companies to view their lack of revenue as a systemic issue that needs fixing. If you fix the system, you fix the problem.
The Self-Evolved Leader (11:57)
Fast doesn’t always mean agile. The “yes” culture may seem exciting and fast, but ultimately, it takes longer. Dave distinguishes how making a quick decision doesn’t make an agile company. Anyone can say yes—but not everyone can deliver. Companies are agile, flexible and fast when they are clear on their roles and can deliver a product as opposed to making a snap decision.
Executives of agile companies are what Dave calls self-evolved leaders. These leaders admit to what they don’t know and ask for feedback from their people. When a leader claims with absolute certainty that a path will work, Dave calls these hero leaders. They want to be seen as invincible, even when they aren’t. Self-evolved leaders grow as the company does.
Developing Your Team (16:50)
One of the most important issues Dave touches on is delegation and development of the team. Oftentimes, leaders won’t delegate their work when they could be, or spending the time to help develop their team. However, you interact with your team every day. You may as well teach them and yourself how to be more skilled and efficient.
Three Steps (21:51)
Zooming out, Dave identifies important concepts any leader in any field must follow to find success. He focuses on setting goals with your team, ensuring you give them the correct tools to implement those goals and figuring out your flow. By finding shared, compatible goals, employees will take on more accountability at work
Links mentioned:
Sunday Aug 29, 2021
Sunday Aug 29, 2021
Boost your brain instead of burning it out.
On this episode of the Making Bank Podcast, Steven Kotler chats about his research and latest book, The Art of Impossible. As a best-selling author, Steven has researched into the neuroscience of peak performance, particularly flow state. He discusses the behavioral and cognitive steps to avoid burn out and anxiety. His advice on motivating yourself, reaching flow state and building grit are needed now more than ever.
Listen to Josh and Steven discuss the biology of burn out.
The Art of Impossible (3:07)
Steven describes his new book, The Art of Impossible. Unlike other books on peak performance, The Art of Impossible tackles the subject using neuroscience. Compared to psychology, neurobiology is concrete, reliable and repeatable. The book combines years of research and is divided into four sections.
The Science of Motivation (6:45)
Steven breaks down the science of motivation, explaining the difference between extrinsic, intrinsic, grit and more. He covers the five intrinsic motivators, such as curiosity, and what chemicals your brain releases in certain states.
Getting into the flow (10:45)
Steven explains how motivation and the flow state are closely linked. He emphasizes the importance of flow, as a state that can allow you to be 500% more productive than when in a regular or unmotivated state of mind.
Everyone is a Peak Performer (14:02)
Some days, you feel like you’ve done nothing. However, Steven argues that everyone’s brain is wired for peak performance. The trick is knowing how to unlock that.
Burn out (15:02)
Burn out is real—and avoidable. Steven covers the physical and cognitive actions you must do in order to not burn out. Sleep, nutrition, and hydration are imperative to your brain, as well as socialization, and decompressing. He touches on how these help you perform and what fear does to the brain.
Lowering Anxiety (22:24)
It seems like everyone is talking about anxiety and for good reason. Steven relays how modern society fuels our anxiety, and the three exercises you can do to reduce it. A daily gratitude practice, mindfulness practice, and regular exercise are all ways to help you and your brain decompress.
Goals and Recovering (24:19)
Two more extremely important things to avoiding burn out, anxiety and even depression are good goal-setting and healthy paths to recovery. Clear goals help your brain organize itself, whereas recreation time allows you to recover from stress. Watching TV and drinking may feel good, but they aren’t good recovery activities for you. Listen to the episode to hear what to do instead.
Flowing Frequently (25:05)
While getting into flow state is the main goal, so is finding a way to do so frequently. Steven encourages listeners to reincorporate those activities that would make time fly when they were kids—either sports, gardening, reading, knitting etc. Finding things that get your brain going and bring you joy can translate to work.
The Mental Health Crisis (30:21)
The pandemic has caused another epidemic of mental health problems. Steven breaks down misconceptions about anxiety and depression, and connects anxiety to intrinsic motivators or lack thereof.
Building Your Grit or a Prison? (33:03)
Steven distinguishes a special kind of burn out that entrepreneurs and creatives experience if they get into too much flow. He clarifies that while flow is ultimately what you want, it can sometimes imprison you, or get you stuck. That’s when grit takes over to get yourself out of that situation. However, if you don’t build your grit, you’re building your own creative prison.
What Happens in Flow? (38:20)
Steven discusses how your creativity, motivation and concentration spike in flow. Not only does it provide those valuable production tools, but your nervous system will also calm down. The best part? Your creativity can last for days after a certain flow state. He stresses the benefits of breath work, reading, and sauna time.
Links mentioned:
Sunday Aug 29, 2021
Sunday Aug 29, 2021
Boost your brain instead of burning it out.
On this episode of the Making Bank Podcast, Steven Kotler chats about his research and latest book, The Art of Impossible. As a best-selling author, Steven has researched into the neuroscience of peak performance, particularly flow state. He discusses the behavioral and cognitive steps to avoid burn out and anxiety. His advice on motivating yourself, reaching flow state and building grit are needed now more than ever.
Listen to Josh and Steven discuss the biology of burn out.
The Art of Impossible (3:07)
Steven describes his new book, The Art of Impossible. Unlike other books on peak performance, The Art of Impossible tackles the subject using neuroscience. Compared to psychology, neurobiology is concrete, reliable and repeatable. The book combines years of research and is divided into four sections.
The Science of Motivation (6:45)
Steven breaks down the science of motivation, explaining the difference between extrinsic, intrinsic, grit and more. He covers the five intrinsic motivators, such as curiosity, and what chemicals your brain releases in certain states.
Getting into the flow (10:45)
Steven explains how motivation and the flow state are closely linked. He emphasizes the importance of flow, as a state that can allow you to be 500% more productive than when in a regular or unmotivated state of mind.
Everyone is a Peak Performer (14:02)
Some days, you feel like you’ve done nothing. However, Steven argues that everyone’s brain is wired for peak performance. The trick is knowing how to unlock that.
Burn out (15:02)
Burn out is real—and avoidable. Steven covers the physical and cognitive actions you must do in order to not burn out. Sleep, nutrition, and hydration are imperative to your brain, as well as socialization, and decompressing. He touches on how these help you perform and what fear does to the brain.
Lowering Anxiety (22:24)
It seems like everyone is talking about anxiety and for good reason. Steven relays how modern society fuels our anxiety, and the three exercises you can do to reduce it. A daily gratitude practice, mindfulness practice, and regular exercise are all ways to help you and your brain decompress.
Goals and Recovering (24:19)
Two more extremely important things to avoiding burn out, anxiety and even depression are good goal-setting and healthy paths to recovery. Clear goals help your brain organize itself, whereas recreation time allows you to recover from stress. Watching TV and drinking may feel good, but they aren’t good recovery activities for you. Listen to the episode to hear what to do instead.
Flowing Frequently (25:05)
While getting into flow state is the main goal, so is finding a way to do so frequently. Steven encourages listeners to reincorporate those activities that would make time fly when they were kids—either sports, gardening, reading, knitting etc. Finding things that get your brain going and bring you joy can translate to work.
The Mental Health Crisis (30:21)
The pandemic has caused another epidemic of mental health problems. Steven breaks down misconceptions about anxiety and depression, and connects anxiety to intrinsic motivators or lack thereof.
Building Your Grit or a Prison? (33:03)
Steven distinguishes a special kind of burn out that entrepreneurs and creatives experience if they get into too much flow. He clarifies that while flow is ultimately what you want, it can sometimes imprison you, or get you stuck. That’s when grit takes over to get yourself out of that situation. However, if you don’t build your grit, you’re building your own creative prison.
What Happens in Flow? (38:20)
Steven discusses how your creativity, motivation and concentration spike in flow. Not only does it provide those valuable production tools, but your nervous system will also calm down. The best part? Your creativity can last for days after a certain flow state. He stresses the benefits of breath work, reading, and sauna time.
Links mentioned:
Sunday Aug 22, 2021
Sunday Aug 22, 2021
Episode summary:
You don’t have to be a billionaire to invest like one.
On this episode of the Making Bank Podcast, Clay Gardner chats about his investing app, Titan. With either $100 or $1M, Titan makes investing accessible, affordable, and active. Clay tells us how he went from a small team to landing investors like Kevin Durant in just six months. Hear about his challenges, advice, and more in the episode.
Listen to Josh and Clay discuss Active Investing:
What is Titan? (2:16)
Titan is a mobile app that allows users to have their money managed by experts. In just three years, Titan has grown to over 30,000 clients, with half a billion dollars managed today. Unlike traditional management, users of Titan don’t need to own millions of dollars to have their money smartly invested. All they need is a smart phone.
Where the money is invested (3:48)
After downloading the app, users can send anywhere from $100 to $1M to their money manager. The money manager will provide a plethora of videos explaining where your money is going, what it’s doing, and how it’s growing. Clients can choose who involved they want to be, and how much risk they want to take.
Titan vs. Hedge funds (6:16)
While Titan may appear like hedge fund on the surface, it differs in key areas. Whereas hedge funds pool investors’ money all together, Titan tracks investors’ fractional shares. $100 may not be enough to by a full share. However, with Titan it can grant you part of a share, which gives you different advantages.
The Client’s Choice (7:33)
After filling out a survey, users are presented with a recommended plan and choice of stocks. Ultimately, you can choose whatever stocks, profile and timeline you like, but Titan is always there for guidance. You can choose and change how risky you want to be in your investments, with Titan offering suggestions to match.
Clay’s Background (9:28)
After attending the Wharton School, Clay and his co-founder first went into traditional money managing. While gaining practical knowledge in banking, private equity, and hedge funds, Clay and his co-founder realized that many intelligent people were terrified of investing. The pair found that even some of the wealthiest people were hesitant to invest, and they wanted to tackle this problem right away. They believed that investing should be affordable, accessible and active. Titan has been able to tap into the large pool of Americans who want to invest but are hesitant to do so all by themselves.
Three Challenges and Advice (12:18)
Clay found that when starting out, he faced three challenges: money, tradition, and focus. The first and most obvious is he had to muster up finances to start Titan. Next, he had to tackle the idea that active investing is just as desirable as passive. He advises listeners to find those that truly believe in the idea and find support in those communities. Lastly, Clay’s challenge was deciding where to focus. Due to budget, Clay was forced to pick and choose his focus, which ultimately helped him perform very well at a few tasks.
One of the pieces of advice that Clay has been drawn to lately is that when starting a company, make sure you do every role once. No matter the role, participate in your company from all aspects to get a better understanding of how each part fits into the whole.
Success is Slow, Then Sudden (17:07)
While it took Clay and his team awhile to set up, launch, and grow, he discusses the sudden changes during Covid. Within six months, his team went from 7 people to 30. They hit their stride during the pandemic, especially with investors like Will Smith, Kevin Durant, and more – and haven’t looked back since.
Move Faster (21:56)
In looking back at his experience, Clay says the number one thing he would’ve done differently is move faster. Although Titan is only 3 years old, Clay believes that as there is so much more information out there, build your company as fast and as well as you can. An hour is still an hour to everyone, but make sure to use it wisely.
At the end of the day, no one remembers your failures. So, Clay encourages everyone to try hard, fail fast, and move on to the next adventure.
Links mentioned: