Nick Telson-Sillett: Angel Investing, Being Creative and Getting Wiser
Mar 7, 2024
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Nick Telson-Sillett, the host of 'Pitch Deck' podcast, discusses angel investing, personal growth post-business sale, stress management, motivations for success, and reflections on selling a company. He shares insights on purpose, achievement, and the transition from investor to operator.
Supporting up-and-coming startups post-exit for Nick
Shifting focus from material possessions to experiences for joy and fulfillment
Emphasizing stress management and self-awareness for a healthier entrepreneurial journey
Deep dives
Nick's Entrepreneurial Journey and Giving Back
Nick, a successful entrepreneur, started giving back to startups after selling his company. Despite competitive nature, his focus is on supporting up-and-coming ventures like Trumpet. He values time as a gift for pursuing activities that bring joy.
Lessons on Angel Investing and Financial Freedom
Nick views angel investing as beneficial with the right approach, finding joy in small things rather than chasing big goals like climbing Everest. Financial freedom provides time to enjoy life and be present with loved ones, shifting focus from material possessions to experiences.
Personal Growth and Mental Wellbeing Post-Exit
Post-exit, Nick evolved his identity beyond his first business, finding purpose in operational roles and educational endeavors like his podcast. He overcame impostor syndrome by valuing continuous learning and transparency. Reflecting on mental health challenges, he emphasizes stress management and self-awareness for a healthier entrepreneurial journey.
Defining Purpose and Joy in Professional and Personal Life
Finding purpose is described as being excited to focus on something when waking up, spanning areas like startup discussions and personal joys. The link between purpose and joy is highlighted, emphasizing the importance of balancing professional purpose and personal joy to create a fulfilling life.
Struggles and Lessons in Angel Investing
Angel investing is portrayed as a progression post-startup sale, offering insights into the challenges faced. The desire to make an impact and the reality of transactional relationships in investing are discussed, leading to a reevaluation of the approach to finding joy and fulfillment in investments.
Nick Telson-Sillett. He isn't just the famous host of "Pitch Deck," a go-to podcast for angel investing insights; he's a real-deal entrepreneur who, after selling his own company five years ago, decided to give back. Through Horseplay Ventures, he supports up-and-coming startups, and with his new software company, Trumpet, he's still in the game. Eloquent and open-hearted, Nick's here to share with us his personal wisdom and the lessons he's picked up from his numerous podcast guests.
Timestamps:
00:00:00: Intro
00:01:07: Nick's life post business sale
00:01:18: The impact of money on happiness
00:01:27: Future plans for Nick
00:01:45: Thoughts on Angel investing
00:02:06: Lessons learned from business
00:02:53: How Nick wants to be remembered
00:03:05: Reflecting on the moment of selling the company
00:04:07: Personal crisis post-sale
00:05:13: Shift in idea of purpose after business sale
00:06:47: Self-discovery and ideation post-sale
00:07:44: Beginning of angel investing and new approach to stress
00:08:42: Motivations for continuing in business and advisory roles
00:09:14: Continuing desire to succeed and win
00:10:33: Discussion on the motivation for starting the first business
00:12:17: Exercise for financial freedom
00:13:36: Reflection on accomplishment of achieveing financial goal
00:16:02: Thoughts on selling the company
00:16:35: Recollections of relief post-sale
00:18:12: Comparing past business motivation with current Trumpet business
00:19:10: Adjusting to new founder's financial objectives
00:20:07: Current motivation - learning and challenging self
00:20:41: Identity crisis post-business sale
00:21:56: Adjusting to new identity as a "startup guy".
00:22:36: Discussion about identity and starting of Podcast
00:23:13: Benefits of raising money from angel investors for early-stage businesses
00:24:06: Different formats for Podcast and its live nature
00:24:43: Purpose of starting the Podcast - Making angel investing less secretive
00:25:13: Success rate of the Podcast
00:26:02: Networking and forming friendships via the Podcast
00:27:32: Relation of Podcast and personal purpose post-business exit
00:28:57: Future plans post-trumpet days
00:29:24: Current Fulfillment rating
00:31:01: Changes in views towards money and wealth after exit
00:33:16: Importance of taking time for joy and presence
00:34:02: Discovering joy in walking
00:35:15: Health restoration post-exit during Covid-
00:36:38: Thoughts on imposter syndrome
00:39:10: Candidness about making mistakes and continuous learning
00:41:39: Mental health struggle during 'my night' and post-exit realization
00:43:40: Discussions on Purpose and Joy
00:44:51: Thoughts on Growing Up and Impacting the Community
00:46:56: Experience in Angel Investing
00:51:04: Current Position in Angel Investing
00:52:48: Thoughts on Why Founders don't Ask for Help
00:55:10: Reason Why Founders Become Angel Investors
00:59:44: Effect of Exit on Relationships with Friends and Family
01:01:06: Parents' Influence on Becoming an Entrepreneur
01:02:25: Choosing Who to Surround with
01:05:09: Friendship and energy
01:06:10: Thoughts on spirituality
01:09:07: Spirituality and mysticism separation
01:09:33: Contribution and purpose
01:10:42: Resolving the self-interest paradox
01:11:51: Closing remarks
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