Masters of Scale

When to seek advice and when to ignore it, w/LearnVest & Inspired Capital’s Alexa von Tobel

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Jan 31, 2023
Alexa von Tobel, founder of LearnVest and co-founder of Inspired Capital, shares her insights on navigating the world of advice in entrepreneurship. She discusses the importance of discerning which guidance to follow, emphasizing that not all advice is applicable at every stage. Through personal anecdotes, she reflects on the significance of timing when seeking counsel and the role of mentorship. Alexa also highlights the need for financial literacy and the lessons learned from her experiences during the 2008 financial crisis.
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ADVICE

Giving Advice

  • Give advice freely, as it's simply your opinion.
  • The only qualification needed is that someone asked for it.
INSIGHT

The Value of Dialogue

  • Good advice columns foster conversations between the author and readers.
  • This dialogue helps refine perspectives and uncover missing information.
ANECDOTE

Incomplete Information

  • Dan Savage once received a letter from the subject of a previous advice column, revealing the other side of the story.
  • This highlighted the challenge of giving advice with incomplete information.
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