Dan Reich, a 4x founder, shares his journey of selling companies and building a venture studio. He discusses navigating post-exit life, philanthropy, and finding fulfillment beyond financial success. Topics include financing strategies, challenges in building companies, and post-exit ventures and philanthropy.
Emphasizing happiness over money in entrepreneurship journey and post-exit phase is crucial for fulfillment.
Philanthropy and angel investing are avenues for entrepreneurs to give back and support talented individuals.
Deep dives
The Entrepreneur's Video Game Approach to Business Success
An entrepreneur recounts a conversation with a successful CEO who likens business to a video game, emphasizing the importance of enjoying the journey and optimizing for happiness over money. This mindset drives the CEO's approach to building companies and navigating post-exit phases, highlighting the significance of passion and purpose in entrepreneurial endeavors.
Navigating Post-Exit Phases and the Pursuit of New Ventures
After experiencing multiple exits, the entrepreneur reflects on the challenges of post-exit identity shifts and the exploration of new opportunities. By sharing personal experiences, he delves into the importance of staying curious and following one's instincts to navigate the unpredictable journey of entrepreneurship post-exit.
Philanthropy, Angel Investing, and Incubating New Companies
The entrepreneur discusses his engagement in philanthropy, reflecting on impactful volunteer experiences and the motivation behind giving back to society. He also shares insights into angel investing, highlighting his swift decision-making process and investment criteria, which focus on supporting founders and building a network of talented individuals.
Lessons Learned and Advice for Fellow Founders
Drawing from his entrepreneurial journey, the entrepreneur offers advice to founders navigating post-exit phases and seeking new ventures. He emphasizes the power of curiosity, following passion, and staying open to diverse opportunities, encouraging founders to prioritize joy, purpose, and learning as they embark on new entrepreneurial endeavors.
Dan has sold four companies throughout his career. We discuss what that was like and dive into what he’s doing next—building a venture studio. He shares his playbook and how he's leveraging his strengths, and I get his advice on navigating post-exit life. Plus, we discuss philanthropy and finding purpose and fulfillment beyond financial success.
Guest
Dan Reich is an entrepreneur, investor, and philanthropist. He has co-founded Spinback (acquired by Buddy Media), Tula (acquired by Procter & Gamble), Dibs Beauty, and Troops.ai (acquired by Salesforce).
I am the ex-founder of Skillshare, and now exploring what's next. The Karnjanaprakorn Show (TKS) follows my journey as I share what I learn along the way, and chat with others who are taking unique approaches to business and life. Learn more about me: https://mikekarnj.com
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