#319 The New Age of Entrepreneurship: No-Code, Innovation, and Shared Success With Colin Hirdman

In this episode, Mehmet interviews entrepreneur Colin Hirdman, who shares his journey from a fresh college graduate to a seasoned entrepreneur. Colin discusses the initial challenge of diving into entrepreneurship without a formal business education, emphasizing the creative and rewarding aspects of building businesses from scratch. He also touches upon the importance of embracing risks and failures as part of the entrepreneurial path. The conversation then shifts towards the role of education in fostering entrepreneurial skills, with Colin advocating for more practical, entrepreneurship-focused content in educational systems. He shares his experiences of contributing to this cause through guest lectures and emphasizes the responsibility of current entrepreneurs to guide the next generation. Additionally, Colin elaborates on the rise of non-technical entrepreneurs enabled by no-code/low-code tools and AI, highlighting his ventures and the lessons learned from them, such as the significance of validation and iteration in product development. The episode also covers the concept of shared success agreements as an alternative funding model, aimed at fostering win-win scenarios between developers and entrepreneurs. Colin concludes with advice for entrepreneurs at various stages, advocating for partnerships, passion-driven ventures, leveraging personal strengths, and the potential of building SaaS products for scalability.

About Colin:

Colin Hirdman started his first company a week after graduating from college, and has been an entrepreneur ever since. He's building businesses through Monkey Island Ventures a company he co-founded with two of his best friends. Monkey Island Ventures is named after a park they played at when they were kids (since they were 5 years old).

Over the years the trio has built over a dozen software and service businesses and want to help create as many successful entrepreneurs as they can by sharing what they know.

https://www.monkeyislandventures.com

https://www.linkedin.com/in/colinhirdman

https://www.cloudburststudio.com

00:00 Welcome to the CTO Show: Meet Colin

01:19 Colin's Entrepreneurial Journey Begins

02:10 The Lure of Entrepreneurship: Challenges and Rewards

05:33 Education and Entrepreneurship: Bridging the Gap

08:52 The Rise of the Non-Technical Entrepreneur

16:28 Exploring No-Code Tools: Empowering Entrepreneurs

24:49 Validating Your Startup Idea: Strategies and Insights

32:23 Innovative Funding: The Shared Success Agreement

42:26 Final Words of Wisdom for Entrepreneurs

47:39 Connecting with Colin: Final Thoughts