From Merchandise Orders to Bitcoin Mining: A Diverse Business Journey

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The chapter explores the journey of the speaker from managing merchandise orders to venturing into Bitcoin mining, highlighting the logistical processes involved in purchasing goods and the shift in focus towards the cryptocurrency market. It touches on partnerships with industry players like John McAfee, risky business ventures, and the development of entrepreneurial traits through personal experiences. The speaker emphasizes the potential of Bitcoin as a valuable asset and discusses the strategic decisions made in transitioning to the mining syndicate business.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with serial entrepreneur, Chris Koerner to talk about his holding company, Cofounders and the unique way he launches new entrepreneurial ventures. You’ll also hear what it was like for Chris to be a missionary for two years in Hungary, a crazy story about partnering with John McAfee, how he got involved in bitcoin mining, his experience doing ultramarathons, why living organ donoring became extremely important to him, and so much more!

Chris Koerner has started over 20 different companies and currently runs a holding company called Cofounders. He’s started and sold five 7-8 figure businesses in five different industries and loves the game of business.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:37 - What Chris’ experience was like being a missionary in Hungary.

07:44 - What some of his early hustles as a teenager were.

10:15 - How he got started writing and honing his craft.

10:37 - How Twitter has affected his career.

12:36 - How he has structured his holding company, Cofounders.

14:01 - How he incubates new entrepreneurial ideas.

15:44 - What are the qualities he looks for in people he partners with.

16:01 - How he created a company selling Buc-ee’s products.

27:03 - What Chris thinks about there being an entrepreneurial gene.

28:59 - How he got connected with John McAfee.

34:24 - When he got involved with bitcoin mining.

37:10 - How he developed conviction in Bitcoin and what his price predictions are.

39:10 - How he handles the volatility of Bitcoin.

39:56 - When and how he first got involved with real estate.

45:21 - Why he loves mobile home park investing.

46:59 - What an average day for Chris is like.

48:19 - What is Parkinson’s Law.

50:44 - How he comes up with creative business ideas.

54:16 - Why he got into ultramarathons.

61:07 - How Chris and his wife became living organ donors.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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