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Tim Calise on Mastering Risk and Reward in Digital Ventures

2024-03-27

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Guest Bio

Tim Calise grew up under the watchful eye of a father who epitomized professionalism, donning a suit and tie for his daily commute into the world of professional services. This familiar sight of dedication and routine left an indelible impression on young Tim, instilling in him both an appreciation for structured work ethic and a fascination with the intricacies of numbers and financial markets.

Key Lessons From Episode

  • Test before you build; sell your solution to potential customers first to validate demand.
  • Surround yourself with mentors and a like-minded community for objective feedback.
  • Consider if you truly need external capital or if the problem can be solved more simply.
  • Be aware of partnership dynamics, especially the pros and cons of equal ownership.
  • Structured thinking can help manage a fast-moving mind and simplify complex ideas.
  • Set high personal and professional standards and avoid compromising on them.
  • Timestamps

    [00:00] Introduction – Phil Better kicks off the episode.

    [00:00:27] Guest Introduction – Phil Better introduces the guest, Tim Calise.

    [00:02:05] Early Entrepreneurial Spirit – Tim Calise discusses his early entrepreneurial ventures.

    [00:04:10] First Ventures – Tim talks about his two businesses started in college.

    [00:06:09] Campus Snacks – The launch of Tim’s first business, CampusSnacks.com.

    [00:08:52] Lessons from Failure – Lessons learned from his textbook exchange business.

    [00:10:59] Importance of Community – Discussing the impact of a supportive community.

    [00:13:45] Raising Capital Advice – Tim provides advice on raising capital effectively.

    [00:19:28] Future Vision – Tim shares his vision and goals for the next 10 years.

    [00:23:23] Industry Interests – Tim discusses industries he is interested in entering.

    [00:24:24] Investing in Yourself – The importance of personal and professional development.

    [00:27:14] Advice to 10-Year-Old Self – Tim’s advice to his younger self.

    [00:28:53] Closing and Offer – Tim shares how listeners can connect with him and receive a gift.

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