Craig Follett: Art Is My Post-Exit Purpose & Business

May 30, 2024

Entrepreneur Craig Follett shares his journey from building universe.com to creating peggy.com, a secure art marketplace. He discusses finding post-exit purpose through making art affordable, motivations for starting a business, and separating personal identity from business. The podcast covers reflections on wealth, creativity, and the societal impact of art as an appreciating asset and driver of change.

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Intro

00:00 • 2min

Exploring Building a Business as Art, Transition Post-Exit, and Sabbatical Reflections

01:50 • 3min

Reflections on a 10-Day Meditation Retreat

04:48 • 2min

Exploring Creativity, Challenging Oneself, and Business Brainstorming

06:28 • 2min

Revolutionizing the Art Market with Technology and Entrepreneurship

08:31 • 12min

Reflections on Post-Exit Entrepreneurship

20:52 • 15min

The Interplay of Art and Investment

36:03 • 6min

Embracing Suffering for Meaningful Success

42:18 • 8min

Craig Follett. He built universe.com, a social marketplace for events, and sold it to Ticketmaster in 2015. Following the sale, Craig grew the business 30 -fold and took the company global before leaving in 2019. He then found his calling in building peggy.com, a secure marketplace for buying and selling investment-grade art. In this episode, Craig shares how and why he found his post -exit mission in making incredible art affordable to everyone. Peggy: https://peggy.com/ ____________________________________________________ TIME STAMPS: (00:00:00) Intro (00:01:11) Welcome (00:03:03) Post-Business Life and Feelings (00:03:46) Sabbatical Experiences and Growth (00:06:12) Creativity and Business Associations (00:07:42) Brainstorming New Business Ideas (00:08:37) Development of New Business Idea (00:09:16) Understanding the Art Industry and Seeing Opportunities (00:13:16) Motivations behind Starting a Business (00:16:54) Desire for Social Impact in Business (00:18:08) Purpose-driven Business Endeavor (00:19:29) Reflections on Money and Wealth (00:20:35) Sharing Success with Loved Ones (00:21:51) Following Motivation for Creativity (00:22:18) Money as a Resource and Scarce Time (22:52) Self Identity and Growth Reflection (23:48) Imposter Syndrome in Entrepreneurs (24:04) Separating Personal Identity from Business (26:03) Investment and Detachment in Business (27:12) Rediscovering Self Identity after Exiting Business (27:58) Moral Acceptability of Pursuing Self-Interest in Business (29:19) Personal Growth and Self-Improvement Plans (30:15) Relationship with Spirituality (32:00) The Transition from Entrepreneur to Employee (34:07) Alternative Investment and Art (34:56) The Impact of Art on Society (36:38) The Role of Suffering in Personal and Business Success (41:33) The Importance of Pleasure and Satisfaction (43:51) Future Plans for Peggy and Disruption in the Art Industry (00:45:41) Definition of Canon and Role of Auction Houses (00:46:39) The Use of Blockchain for Technology (00:47:38) Future Plans and Legacy (00:49:02) Discussion on Mental Health and Childhood