Getting Mentoring Advice From a Trusted Friend

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Alexa left Northwestern Mutual and started a New York-based venture fund, Inspired Capital. To kick it off, she set up more advice from a trusted friend. Penny Pritzker was the Presidential Ambassadors for Global Entrepreneurship under the Obama administration. Alexa and Penny launched Inspired Capital in 2018 along with two other longtime friends,. Lucy DeLand of Paperless Post and Mark Batson of Northwestern Mutual. Their first $200 million fund was announced in 2019 and they closed the second $281 million fund in 2021.

Smart entrepreneurs know one of the secrets to scale is leveraging wisdom from others. (In fact, that’s the mission of this show!) But not all advice is right for you right now — and some can even be disastrous. As the founder of the proto-fintech platform LearnVest, Alexa von Tobel scaled her business by seeking advice from mentors and friends … and then, taking only the advice that served her mission. Following Alexa’s story, you’ll learn how to become a good advice detective, with the power to sort the transformative advice from the traps.

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