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Episode 74: My Framework on How to Build Wealth with Tech Equity From Equity to Exit
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Ever had a startup fail on you?
Yeah, Christopher Nelson's been there.
In this episode of Tech Equity and Money Talk, Christopher opens up about the wild ride after his own 2010 startup flop and how it pushed him to crack the code on tech equity.
Heâs dropping serious gems on how to escape the corporate grind and build a life thatâs actually fulfilling.
Get ready to dive into his 'From Equity to Exit' framework, designed to help you turn your tech equity into real wealth.
If youâre feeling stuck in the hustle, Christopher has the strategies to help you take control of your financial future. Donât miss this one!
Connect with Christopher
https://www.linkedin.com/in/christophercnelson/
Highlights:
Expertise: This is where it all begins. Developing your skills to a level where you can trade them for high-value equity is crucial. Whether you're in marketing, engineering, or any other field, your expertise is your most valuable asset.Equity: Understanding and maximizing equity compensation is key to building wealth. I discuss strategies for identifying valuable equity, emphasizing that liquid, appreciating, and tradable equity is often found in public companies.Evergreen Portfolio: This involves building a diversified portfolio that generates ongoing income without depleting the principal. I stress the importance of shifting from making money to managing money and diversifying into private equity.Exit Plan: This ties everything together, helping you plan your financial future with clear goals and timelines. Your exit plan should be a living document, adaptable to life's changes, and focused on achieving financial independence.Episode Timeline:
[00:01:03] Building wealth through tech equity.[00:04:23] Equity to exit framework.[00:07:41] Expertise and equity for wealth.[00:10:34] Valuable equity in public companies.[00:15:50] Evergreen portfolio management strategies.[00:19:00] The importance of financial independence.[00:21:37] Lifestyle changes through geographic moves.[00:25:08] Unlocking financial freedom principles. -
Episode 73: Why I Chose to Build My Portfolio as a Business With Christopher Nelson
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Ever feel like you're just winging it with your finances?
In this episode, Christopher Nelson discusses the concept of managing a portfolio as a business rather than just personal finance.
Christopher Nelson gets real about how he leveled up by treating his portfolio like a business â and why you should too.
Weâre talking about shifting from the chaos of personal finance to a plan that actually makes sense, with a mission, vision, and the kind of discipline that helps you sleep at night.
Christopher breaks down the psychological perks, how to avoid lifestyle creep, and even some tax hacks. Plus, he's all about setting up your future generations for success. Itâs finance, but in a way that feels... doable.
Connect with Christopher
https://www.linkedin.com/in/christophercnelson/
Highlights:
TakeawaysTreat your money as a business for better results.Having a mission and vision clarifies investment strategies.The ultra wealthy manage their finances with intention.Prevent lifestyle creep by evaluating financial decisions.Tax efficiency is greater in a portfolio business structure.Implementing systems leads to more efficient management.Wealth transfer is easier with a structured portfolio.Balancing personal commitments with portfolio management is crucial.Education and community support are essential for financial growth.Be patient and deliberate in your investment journey.Episode Timeline:
00:00 Introduction to Portfolio Management as a Business01:28 The Inspiration Behind Treating Money as a Business05:18 Transitioning from Personal Finance to Business Structure10:24 The Impact of Mission and Vision on Investment Strategy15:21 Psychological Advantages of Managing Money as a Business19:26 Preventing Lifestyle Creep Through Financial Discipline23:43 Tax Efficiency in Portfolio Business vs. Personal Investments26:32 Implementing Systems for Efficient Portfolio Management29:07 Wealth Transfer to Future Generations31:59 Challenges in Structuring a Portfolio as a Business34:54 Balancing Portfolio Management with Personal Commitments -
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Episode 72: An Intro to Due Diligence Process in Real Estate for New Investors with Hans Box
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Connect with Hans Box
https://boxwilson.com/
In this episode of Tech Equity and Money Talk, host Christopher Nelson welcomes Hans Box, founder and owner of Box Wilson Equity Group, which manages $90 million in assets. Hans discusses the critical importance of due diligence in investment decisions.
The conversation touches on the potential pitfalls of neglecting due diligence, highlighting real-life examples of bad investments stemming from inadequate research.
Hans Box is Co-Founder of Box Wilson Equity, a firm that focuses on cash flow and value-add investments. Box Wilson has invested $90MM+ in equity across various asset classes, including multifamily, self-storage, mobile home parks, distressed debt, office, and preferred equity.
He attended Texas A&M University, graduating cum laude with a B.S. degree in Accounting and magna cum laude with an M.S. degree in Accounting and is a Certified Public Accountant licensed in the state of Texas.
Hans has personally been directly involved in the acquisition, investment, and management of over $350MM in multifamily and self-storage assets, has asset managed ~3,700 multifamily units and has been the GP in ~4,300 multifamily units and ~2,000 units of self-storage.
Prior to Box Wilson Equity, he spent 5 years with a DFW-based multifamily owner-operator, where he oversaw the acquisition and asset management functions. Hans began his career at PricewaterhouseCoopers LLP where he worked in tax and strategy consulting with Fortune 500 companies.
Tech Equity and Money Talk - Episode 72Host: Christopher Nelson
Guest: Hans Box
Highlights:
The Importance of Due Diligence - Hans emphasizes the need for thorough due diligence when investing in real estate. He contrasts the extensive time people spend researching consumer goods like TVs and cars with the often minimal time spent on significant investment decisions. Proper due diligence is crucial for becoming a successful passive investor and achieving financial freedom.Vetting the Sponsor - Hans highlights that the most critical aspect of due diligence is vetting the sponsor. He uses the analogy of the jockey and the horse to stress that a good sponsor can turn a mediocre deal into a success, while a bad sponsor can ruin a great deal. Key red flags include lack of transparency and overly sales presentations.Understanding the Business Plan - Hans advises that a clear value-add strategy should be evident in any business plan. Investors should be able to understand how the sponsor plans to add value to the property, whether through rent increases, property improvements, or other means. He also stresses the importance of a sensitivity analysis to understand how different variables can impact the deal's returns.Fees and Compensation - The discussion also covers the importance of understanding the fee structure. Hans points out that while fees are standard, they should be reasonable and aligned with the investor's interests. He warns against deals with excessive fees that can dilute returns.Practical Advice for Investors - Hans provides practical advice for investors, including the importance of learning to read a P&L statement and understanding key assumptions in the business plan. He also recommends being patient and not succumbing to FOMO (fear of missing out), as there will always be more deals.Episode Timeline:
[00:00:45] Due diligence in investing.[00:05:14] Vetting the operator's transparency.[00:08:32] Salesy business presentations.[00:12:24] Evaluating sponsor experience in investing.[00:15:32] Value-add strategy in investments.[00:21:20] Cash flow in commercial real estate.[00:22:04] Cash flow vs. value add.[00:25:11] Understanding assumptions in investments.[00:29:09] Rent increase justification process.[00:33:07] Sensitivity analysis in investing.[00:35:Due diligence in real estate.[00:40:51] Preferred return in investments.[00:44:01] Patience in real estate investing.[00:48:45] Due diligence in investing.[00:50:25] Risk adjusted return in investments. -
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
In this episode of Tech Equity and Money Talk, your host Christopher Nelson is dropping some wisdom! Heâs sharing five big lessons he picked up during his first two years of financial independence.
Spoiler alert: It's not all about kicking back and sipping cocktails! đŽ Youâll hear why having crystal-clear goals, a solid plan, and some serious discipline is key to keeping that financial engine humming. Tune in and get ready to level up your money game! đ°đ
Connect with Christopher
https://www.linkedin.com/in/christophercnelson/
Highlights:
Having a Purpose: Financial independence isn't just about having free time; it's about having a clear purpose that drives you. For me, it started with wanting to spend more time with my sons and has evolved into helping technology employees understand and manage tech equity as a wealth-building strategy.A Roadmap is Non-Negotiable: Two essential roadmaps guided my journeyâa life plan and a financial plan. The life plan helped me focus on family goals and personal growth, while the financial plan provided a clear strategy for building and managing my portfolio.Transition from Money Maker to Money Manager: This shift can be challenging as it involves changing your identity from someone who earns money to someone who manages it. However, it also opens up opportunities for investing in startups, philanthropy, and building a multi-generational family business.Self-Discipline is Essential: Without the structure of a traditional job, maintaining discipline is crucial. I follow a structured daily routine that includes early mornings, creative time, exercise, and family activities. This discipline extends to continuously challenging myself and staying uncomfortable to ensure growth.Run Your Portfolio as a Business: Managing your portfolio like a business involves having a clear legacy statement, a portfolio thesis, and a structured management cadence. This approach ensures that your investments are aligned with your long-term goals and can support multiple generations.ï»żEpisode Timeline:
[00:02:49] Finding Purpose in Financial Independence.[00:04:24] Finding purpose in journaling.[00:08:55] Building a lifestyle business.[00:13:21] Transition to money manager.[00:18:15] Getting uncomfortable for growth.[00:22:42] Managing your portfolio like a business.[00:24:08] Lessons for financial independence. -
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/
In this episode of Tech Equity and Money Talk, we're turning the tables! Our good friend Fred DeWorken takes over the mic and puts Christopher in the hot seat. Christopher spills the beans on his wild ride into the tech world, including that time it took him 14 years to finally grab that college diploma.
From his high-flying days as an Accenture consultant to riding the IPO wave with big names like Splunk, GitLab, and Yext, Christopher doesnât hold back. Tune in for a behind-the-scenes look at the journey that led him here!
Frederick DeWorken previously appeared as a guest on episodes 55 and 56, and now, the roles have reversedâhe's interviewing our host, Christopher Nelson.
Connect with Frederick
https://www.linkedin.com/in/data-cloud/
Tech Equity and Money Talk - Episode 70Host: Fred DeWorken
Guest: Christopher Nelson
Highlights:
Unconventional Path: Christopher took 14 years to complete his college degree, initially working in the restaurant industry.Tech Spark: His interest in technology was ignited while working on a virtual menu project for a high-end sushi restaurant in San Diego.In this episode, we talk about:
Know Your Value: Christopher advises tech employees to understand and articulate their value, using tools like levels.fyi to benchmark their worth.Negotiate Wisely: He shares insights on negotiating not just the quantity of equity but also the vesting schedules and other terms.Education and Support: He stresses the importance of continuous education and surrounding oneself with a supportive community to navigate the complexities of tech equity.Episode Timeline:
[00:02:30] Journey into tech through food.[00:04:33] Persistence in advanced calculus.[00:08:19] Realizing Your Value in Tech.[00:12:30] Undervaluing skills for equity.[00:18:27] Due diligence for success.[00:22:22] Due diligence process in investing.[00:24:38] Maximizing Your Value as an Employee.[00:29:52] Negotiation strategies and growth.[00:31:06] Negotiating vesting schedules.[00:36:31] Managing stock value after IPO.[00:40:31] Sudden Wealth Syndrome.[00:42:53] Support groups and accountability.[00:46:33] Investing in AI companies.[00:51:14] Managing emotions while being choosy.[00:55:15] Trading time for equity. -
Episode 69: Time Freedom Tips for a Balanced and Intentional Life with Christopher Nelson
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Host: Christopher Nelson
Financial Freedom as the Cornerstone
Financial freedom isn't just about wealthâit's about controlling your finances to create a fulfilling life. This episode explores how financial freedom is linked to four other key freedoms: time, geographic, relationships, and mission.
The Five Freedoms BreakdownTime Freedom: Control your schedule and focus on activities that align with your values and goals.Financial Freedom: Create income streams that free you from traditional employment, enabling a lifestyle aligned with your aspirations.Geographic Freedom: Work and live anywhere, allowing you to explore and immerse yourself in diverse environments.Freedom of Relationships: Build meaningful connections that inspire and support your growth.Freedom of Mission: Find purpose and fulfillment beyond traditional work roles, driving you to contribute to a cause greater than yourself.Integrating the Five Freedoms
By pursuing these five freedoms together, you can craft a holistic, balanced lifestyle that reflects your values and passions.
Building a Purpose-Driven Portfolio
The host emphasizes the importance of treating your investment portfolio as a business, not just a financial asset. This approach can lead to a more meaningful and impactful life, including:
Strategic Philanthropy: Invest in causes that matter, like the Ugandan Water Project.Succession Planning: Educate future generations about responsible investing and make your portfolio a family endeavor.Highlights:
Understanding the Five Freedoms: Financial freedom is just one piece of the puzzle. The five freedoms - time freedom, financial freedom, geographic freedom, freedom of relationships, and freedom of mission - work together to create a holistic approach to lifestyle design. By focusing on all five freedoms, you can unlock a life that aligns with your passions and values.Building a Life Around Purpose: The freedom of mission and purpose is often overlooked but is incredibly powerful. It's essential to have a clear mission and purpose outside of your job to thrive and feel fulfilled. By aligning your work with a meaningful mission, you can find purpose beyond just financial success.Leveraging the Freedoms: Each of the five freedoms offers opportunities for growth and fulfillment. Whether it's creating more time freedom through strategic time management, pursuing geographic freedom to work from anywhere, or fostering meaningful relationships that energize you, there are various ways to leverage these freedoms to design a life you love.Tune in to learn more about these freedoms and how they can shape your life design!
In this episode, we talk about:
Flexibility in Dates: By being flexible with travel dates, individuals can take advantage of off-peak times when flights and accommodations are typically cheaper in terms of points or miles. Traveling during less popular times can result in better redemption options and availability, allowing travelers to stretch their points further and potentially access premium experiences at a lower cost.Flexibility in Destinations: Being open to exploring a variety of destinations can lead to discovering hidden gems or less crowded locations that offer unique experiences. Travelers who are willing to consider alternative destinations may find better redemption options, as popular tourist spots often have higher demand and limited availability for reward bookings. Exploring off-the-beaten-path locations can provide a more authentic and enriching travel experience while maximizing the value of accumulated points.Flexibility in Number of Travelers: The number of travelers can also impact the value of travel hacking. Smaller groups or solo travelers often have more flexibility in booking flights and accommodations using points or miles. Larger groups may face challenges in finding award availability for multiple travelers on the same itinerary. By being open to traveling solo or in smaller groups, individuals can increase their chances of securing reward bookings and optimizing their travel rewards.Episode Timeline:
[00:01:14] The five freedoms of lifestyle.[00:07:06] Freedom of mission and purpose.[00:10:39] Freedom of mission.[00:13:16] Financial Independence Journey.[00:18:33] Building a private equity company.[00:19:05] Building diverse professional networks.[00:25:37] Building a Purposeful Portfolio[00:26:30] Five freedoms for life journey. -
Episode 68: A Simple Guide to Travel Hacking with Julian Fung
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Julian Fung works in tech, and runs a travel business. He is on a mission to help 1000 people travel hack amazing vacations, create lifelong memories, and maximize geographical freedom.
He works with business owners & busy professionals to maximize geographical freedom through credit card points & miles.
His company, money or life, begs the question "Why not both?" We can build wealth while enjoying life along the way.
Connect with Julian
https://moneyorlife.co/
Travel Hacking $250,000 in Luxury with Julian FungHost: Christopher Nelson
Guest: Julian Fung, Tech Employee & Owner of Money Or Life
Highlights:
Travel Hacking Expertise: Julian shares how he leveraged travel hacking techniques to secure $250,000 in free travel.Luxury Stays for Free: Insights into Julian's experiences staying in luxury hotels in Sofia, Bulgaria, and Cape Town, South Africa, without spending a dime.Building Connections: Hear about the friendships and perks Julian gained during his global travels.Mastering Credit Card Points: Learn how to optimize credit card spending to accumulate points for flights, hotels, and other travel expenses.Achieving Financial Independence: Discover how travel hacking can support your journey to financial independence and geographic freedom.Tune in to learn how to maximize your money and life through travel hacking with Julian Fung!
In this episode, we talk about:
Flexibility in Dates: By being flexible with travel dates, individuals can take advantage of off-peak times when flights and accommodations are typically cheaper in terms of points or miles. Traveling during less popular times can result in better redemption options and availability, allowing travelers to stretch their points further and potentially access premium experiences at a lower cost.Flexibility in Destinations: Being open to exploring a variety of destinations can lead to discovering hidden gems or less crowded locations that offer unique experiences. Travelers who are willing to consider alternative destinations may find better redemption options, as popular tourist spots often have higher demand and limited availability for reward bookings. Exploring off-the-beaten-path locations can provide a more authentic and enriching travel experience while maximizing the value of accumulated points.Flexibility in Number of Travelers: The number of travelers can also impact the value of travel hacking. Smaller groups or solo travelers often have more flexibility in booking flights and accommodations using points or miles. Larger groups may face challenges in finding award availability for multiple travelers on the same itinerary. By being open to traveling solo or in smaller groups, individuals can increase their chances of securing reward bookings and optimizing their travel rewards.Episode Timeline:
[00:00:31] Travel hacking experiences.[00:05:47] Unlocking Travel Experiences Through Hacking.[00:10:16] Travel hacking for retirement.[00:13:22] Maximizing travel rewards for experiences.[00:16:29] Understanding flex points concept.[00:18:43] Travel hacking and points redemption.[00:21:23] Travel hacking strategies.[00:25:27] Maximizing financial independence strategies.[00:29:38] Transfer speeds and durations.[00:33:08] Alternative travel destinations.[00:36:04] The art of intentional travel.[00:39:16] Change of perspective.[00:41:58] Routines and personal growth. -
Episode 67: Building a Shareholder Mindset Steps for Tech Professionals
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Overview:
Discover how a shareholder mindset can elevate your career and financial well-being.
Key Takeaways:
Think Like an Owner: Understanding your equity compensation is key to viewing yourself as a shareholder and part owner of your company.Maximize Your Value: Manage your time and talent as assets to build wealth through equity.Embrace Vulnerability: Personal growth, stronger relationships, and increased creativity stem from embracing vulnerability.Why Listen:
Learn how shifting your mindset can enhance your performance as an employee and make you a more strategic investor.
Tune In:
Join us for a deep dive into the intersection of technology, equity, and ownership!
In this episode, we talk about:
Get to Know the Product and How to Pitch It: Understand the problem your product solves and be able to articulate it clearly.Be a Cheerleader for Your Team and Company: Encourage and motivate your colleagues, especially during challenging times.Know Your Customers: Understand who your top customers are and their impact on the company.Stay Focused on Metrics: Keep an eye on key business metrics and understand how you can contribute to improving them.Keep Your Eye on the Ball: Continuously evaluate the investment of your time and talent, and be aware of red flags that might indicate it's time to move on.Episode Timeline:
[00:02:08] Shareholder owner mindset.[00:05:42] Acting like a shareholder owner.[00:08:01] Great leadership in challenging times.[00:12:27] Thinking like an owner.[00:17:01] Red flags in company metrics.[00:21:14] Comfort vs. Career Growth.[00:23:10] Being too comfortable vs. intentionally resting[00:25:37] Thinking like an investor. -
Episode 66: Guide to Building Wealth with Equity Compensation for Private Companies
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Overview:
Learn how to strategically choose private tech companies to maximize your equity compensation and build wealth.
Key Takeaways:
Embrace Change: Adapt to the constant evolution in your career and view change as an opportunity for growth.Strategic Selection: Host Christopher Nelson shares his five criteria for selecting successful private companiesâthree of his four picks went public.Luck vs. Strategy: Understand the difference between relying on luck and making informed, strategic investments in your career.ï»żWhy Listen:
Get insider tips on how to evaluate potential opportunities and position yourself for financial success through equity compensation.
Tune In:
Join us for expert advice on navigating the world of private tech companies and equity compensation!
In this episode, we talk about:
Product Fit and Buyer Analysis: Understanding the product, the problem it solves, and the target buyer is crucial. Evaluating the product's market fit and the total addressable market can provide insights into the company's growth potential. For instance, focusing on companies that cater to expanding markets with predictable budgets can indicate revenue predictability.Customer Sentiment: Customer sentiment significantly impacts a company's success. Having enthusiastic customers who advocate for the product can indicate a strong market presence and potential for growth. Monitoring customer feedback, net promoter scores, and community engagement can offer valuable insights into customer satisfaction.Leadership Team: The experience and expertise of the leadership team are critical factors to consider. Leaders with a proven track record of scaling companies, navigating IPOs, and fostering a positive company culture can contribute to the company's long-term success. Balancing technical expertise with business acumen in the leadership team can ensure a comprehensive approach to company growth.Financial Health: Assessing the company's financial health, growth rate, profitability, and burn rate is essential. Understanding the company's financial stability, growth trajectory, and proximity to profitability can help mitigate risks associated with financial instability. Monitoring key financial metrics and evaluating the company's financial strategy can provide insights into its sustainability.Quality of Equity: Evaluating the type of equity offered by the company, its dilution, valuation, and liquidity potential is crucial. Understanding the equity structure, whether it involves ISOs, RSUs, or other forms of equity, can impact the value and risk associated with the shares. Assessing the company's valuation, market position, and potential for liquidity events can help individuals make informed decisions about their equity participation.Episode Timeline:
[00:00:42] Thinking like an investor.[00:04:14] Building a financial fortress.[00:08:50] Evaluating the product and buyer.[00:12:34] Customer sentiment.[00:14:41] Customer sentiment.[00:19:28] Rule of 40 for Investments.[00:22:40] Evaluating Equity in Startups.[00:26:02] IPO criteria and strategies.[00:28:08] Making informed career decisions. -
Episode 65: Public Company Due Diligence for Tech Employees with Brian Feroldi
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Demystifying the Stock Market for Tech ProfessionalsGuest Overview:
Brian Feroldi is a financial educator, YouTuber, and author passionate about simplifying the stock market. Since starting his investment journey in 2004, Brian has transformed his early missteps into valuable lessons that he now shares with others.
Brianâs Mission:
To demystify the stock market and help others succeed in their investments.
Connect with Brian:
Long-Term MindsetBrian on XEpisode Highlights:
From Struggles to Success: Brianâs journey from a novice investor to a stock market expert who has written over 3,000 articles for The Motley Fool.Key Advice for Tech Employees: Learn how to trade your time and talent for equity in public tech companies, focusing on stocks that are liquid and appreciating in value.Industry Insights: Brian emphasizes the importance of investing in major tech players like Facebook, Google, Microsoft, and Amazon, highlighting their growth potential and future value.Why Listen:
Get practical tips on making informed investment decisions and maximizing your financial potential in the tech industry.
Listen Now:
Join host Christopher Nelson and Brian Feroldi on Tech Equity and Money Talk for a deep dive into smart investing strategies for tech professionals!
In this episode, we talk about:
Stock-Based Compensation Strategy: Brian emphasized the importance of understanding stock-based compensation when considering job opportunities in tech companies. He highlighted the significance of looking at a company's financial statements, particularly focusing on the dilution rate and the company's stock-based compensation practices. By being aware of these factors, tech employees can make informed decisions about where to invest their time and talent.Diversification and Risk Management: Brian shared his personal divestiture strategy when it comes to equity compensation. He stressed the importance of diversifying investments and managing risk by setting a limit on the percentage of net worth tied up in any one business. By being intentional about diversification and risk management, tech employees can safeguard their financial future.Continuous Learning and Checklists: Brian highlighted the importance of continuous learning and the use of checklists in investing. He emphasized the value of creating a checklist that includes positive and negative aspects of a business to guide decision-making. By continuously learning and following a structured checklist, investors can enhance the quality of their investment decisions.Episode Timeline:
[00:02:16] Stock-based compensation insights.[00:07:18] Safest revenue in technology.[00:10:07] Guaranteed equity in big companies.[00:13:43] Investing in startup companies.[00:18:38] Recurring revenue perspective.[00:22:25] Financial Metrics Importance.[00:25:50] Stock-based compensation insights.[00:29:20] Risk Management in Investing.[00:32:21] Managing equity compensation for growth.[00:37:04] Stock-based compensation practices.[00:40:25] Investing insights and execution.[00:43:26] Compensation practices in businesses.[00:47:06] Greatest skill for an investor. -
Episode 64: Build Your Ideal Manager Avatar to Accelerate Career Growth
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Choosing the Right Manager When Working for EquityEpisode Overview:
In this episode of Tech Equity and Money Talk, host Christopher Nelson dives into the critical role a manager plays when youâre working for equity. Learn how selecting the right manager can accelerate your career growth and help you build personal wealth.
Key Takeaways:
Manager Selection: Christopher provides a framework for creating a "manager avatar" to identify your ideal manager. He also shares tips on developing a list of interview questions to ensure you find the right fit.Invest Wisely: It's not just about the company you work forâchoosing the right manager is equally crucial in investing your time and talent to build valuable skills.Embrace Uncertainty: The episode highlights how uncertainty can be a powerful catalyst for growth. Embracing the unknown can lead to significant achievements and personal evolution.Perseverance and Resilience: Hear personal stories of overcoming challenges and setbacks through perseverance, resilience, and a positive mindset.Why Listen:
Gain insights on how to choose a manager who will not only support your career development but also help you maximize your equity compensation.
Listen Now:
Join us on Tech Equity and Money Talk as we explore how the right manager can make all the difference in your career and financial success!
In this episode, we talk about:
Focus on Character and Management Style: When choosing a manager, it's crucial to prioritize their character and management style. Look for honesty, transparency, respect, and coaching leadership qualities in a manager. Understanding their management style and how they communicate and lead can make a significant impact on your career growth.Prioritize Expertise and Experience: Consider the technical skills, expertise, and experience of your potential manager. Do they have the skills and experience that align with your career goals? Are they well-connected and have a network that can benefit you in the long run? Understanding their background and achievements can help you make an informed decision.Create Interview Questions: To assess whether a manager aligns with your avatar, create a list of interview questions based on the key attributes you're looking for. Ask about their management style, experiences, skills, network, and external presence. By asking thoughtful questions, you can gauge if the manager is the right fit for you.Episode Timeline:
[00:00:42] Selecting the perfect manager.[00:05:27] What makes an avatar.[00:09:31] Important management questions.[00:11:15] Experience and Results.[00:15:07] Clarity and confidence.[00:19:43] Evaluating Manager's Character.[00:22:54] Key skills for success.[00:26:25] Being intentional and focused.[00:27:16] Building your manager avatar. -
Episode 63: Understanding Debt and Credit Funds with Michael Episcope
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Michael Episcope on the Rise of Credit and Debt Funds in Private Equity
Guest Overview:
Michael Episcope, co-founder and co-CEO of Origin Investments, brings his extensive experience in trading and private equity to the conversation. Twice named one of the top 100 traders in the world, Michael now focuses on investor relations and capital raising at Origin.
Connect with Michael Episcope:
Origin InvestmentsWhy Listen:
Get expert insights into the growing role of credit and debt funds in private equity and learn how to navigate this investment landscape for steady returns.
Episode Highlights:
Understanding Credit Funds: Michael explains how credit and debt funds invest in parts of the capital structure that are more protected than equity, offering a more stable income through yield rather than relying on asset appreciation.Caution for Investors: Listeners are warned about the risks of inexperienced managers who may rush to invest under the pressure of closed-end funds, potentially compromising returns.Consistent Returns: Credit funds, which often invest in senior debt or leverage senior loans, are highlighted as valuable alternatives for investors seeking consistent and reliable income.Join Tech Equity and Money Talk for a deep dive into the benefits and risks of credit funds in private equity with Michael Episcope!
In this episode, we talk about:
Track Record and Experience: Evaluating the track record and experience of fund managers is paramount. Investors should seek out managers with a proven track record and a proficient team for deal origination. Understanding the source of deals and the investment strategy of fund managers is essential in assessing their credibility.Strategy and Competitive Advantage: Investors must ensure that the fund's strategy aligns with their investment objectives. It is crucial to grasp the competitive advantage of fund managers and how they intend to generate returns. Any deviation from the strategy or lack of alignment with the fund's competitive advantage could pose risks to investors.Leverage and Risk Management: Understanding the leverage within the fund's structure is crucial. Investors should inquire about the use of leverage and whether the fund is taking on excessive risk to chase higher returns. Excessive leverage and cross-collateralization can magnify risks during market downturns.Fund Size and Diversification: Evaluating the fund size and diversification is vital. A smaller fund size may lead to higher expenses relative to assets, impacting overall returns. Additionally, a lack of diversification within the fund could increase concentration risk and hinder the fund's ability to withstand market fluctuations.Expert Advice and Impartial Opinions: Seeking advice from industry experts, financial advisors, or consultants can offer valuable insights during the due diligence process. Engaging with professionals can help investors make well-informed decisions and steer clear of potential pitfalls.Patience and Education: Patience and education are fundamental components of effective due diligence. Investors should take the time to study the market, comprehend investment opportunities, and be proactive in decision-making. Rushing into investments due to fear of missing out (FOMO) can lead to suboptimal outcomes.Episode Timeline:
[00:02:33] Credit funds in investment portfolios.[00:04:27] Loan-On-Loan Execution[00:09:36] Understanding risk in credit funds.[00:13:35] Understanding cross-collateralization in investments.[00:16:14] Cross collateralization in investments.[00:19:38] Reinvesting in Debt Funds[00:24:31] Balancing portfolio for tax benefits.[00:26:56] Diversification in real estate investing.[00:30:16] Debt fund risks in investments.[00:34:37] Be cautious with new syndication teams.[00:38:51] Common sense in investing.[00:40:45] Emotional Decisions in Investing.[00:43:09] Wealth building through education. -
Episode 62: Mobile Home Park Investments with Christopher Nelson
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Host: Christopher Nelson | Podcast: Tech Equity and Money Talk
Key Takeaways:
Diversification Strategy: Discover the power of diversifying your portfolio with new asset classes, like mobile home parks.Why Mobile Home Parks? Christopher shares his journey of shifting focus to mobile home parks for stable income and consistent cash flow.Embracing Change: Learn why embracing change is crucial for personal growth and how it can open doors to new opportunities.Highlights:
Diversify to Increase Cash Flow: Christopher highlights the importance of exploring new asset classes to enhance your investment strategy.Mobile Home Parks as a Lucrative Investment: A personal take on how mobile home parks can be a stable source of income.Adapting for Growth: Change is inevitableâembracing it can lead to personal development, increased resilience, and unexpected opportunities.Why Listen? This episode is a must-listen for anyone looking to diversify their investment portfolio and open themselves up to new opportunities for growth.
In this episode, we talk about:
Diversification is Key: As an investor, it's crucial to explore new asset classes to diversify your portfolio. Staying open to new opportunities can lead to discovering hidden gems like mobile home parks that offer substantial cash flow and stability.Recession-Resistant Investments: Mobile home parks have proven to be recession-resistant assets. Their affordability and high demand make them a reliable investment option even during economic downturns. Understanding the dynamics of this asset class can help you navigate uncertain times with confidence.Partnering with Experienced Operators: When considering investments in mobile home parks, partnering with experienced operators is essential. Look for operators with a proven track record in managing these properties and a clear strategy for maximizing returns while maintaining operational efficiency.Episode Timeline:
00:00:00 - Introduction and Importance of Diversifying Asset Classes00:00:43 - Introduction to Mobile Home Parks00:01:14 - Why Mobile Home Parks?00:02:07 - Exploring Mobile Home Parks: Initial Questions00:03:32 - Understanding Mobile Home Parks: Definitions and Terms00:05:10 - Park-Owned Homes vs. Tenant-Owned Homes00:07:08 - Advantages of Mobile Home Parks00:09:07 - Depreciation and Operating Expenses00:10:10 - Historical Performance and Cash Flow00:11:05 - Recession Resistance of Mobile Home Parks00:12:09 - Supply and Demand Dynamics00:14:06 - Investment Strategies: Buying vs. Partnering00:16:03 - Considerations for Investing in Mobile Home Parks00:17:07 - Vetting Operators and Business Plans00:20:16 - Analyzing Investments: Operations First, Finances Second00:22:03 - Experience and Risk Management00:22:45 - Conclusion: Importance of Exploring New Asset Classes00:23:48 - Final Thoughts and Contact Information -
Episode 61: Multifamily Market Trends 2024 with Michael Episcope
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Episode: Insights into the Multifamily Real Estate Market with Michael EpiscopeGuest: Michael EpiscopeCo-founder and Co-CEO of Origin Investments (2007)Role: Oversees investor relations and capital raising; co-chairs the investment committeeBackground:Formerly a top trader, recognized twice by Trader Monthly Magazine as one of the top 100 traders in the world30+ years of investment and risk management experienceEducation:Undergraduate and Masterâs degrees from DePaul UniversityConnect with MichaelOrigin InvestmentsLinkedInEpisode OverviewIn this episode of Tech Equity and Money Talk, host Christopher Nelson chats with Michael Episcope about the multifamily real estate market.
Key Takeaways:Deep Dive into Multifamily Real Estate: Insights for seasoned and novice investors.Importance of Risk Management: Strategies for effective real estate investment.Due Diligence: Understanding critical assessment criteria.Adaptation to Market Conditions: Navigating changes in the real estate landscape.Why Choose Multifamily Real Estate?Discover the criteria that led Michael to select multifamily real estate as a key wealth-building vehicle.In this episode, we talk about:
Transition to Real Estate:Michael and his partner David transitioned from trading to real estate to protect and grow their wealth.They were motivated by the stability and simplicity of real estate, influenced by Michael's early exposure through his grandfather.Investment Strategy:Origin Investments focuses on multifamily real estate, particularly in high-growth markets.They employ a barbell strategy, balancing preferred equity and ground-up development to manage risk and protect capital.Market Insights:Michael shared insights on the current state of the multifamily market, noting oversupply in Sunbelt markets like Austin.He emphasized the importance of buying below replacement costs and the potential opportunities in distressed assets.Risk Management:A significant part of their strategy involves understanding and mitigating risks, especially in volatile markets.Michael highlighted the importance of having a strong balance sheet and being cautious with leverage.Advice for Investors:Michael advised investors to look beyond headlines and perform their own due diligence.He stressed the importance of trusting and verifying information from sponsors and being cautious of diversification across too many managers.Current Opportunities:The current market presents opportunities for contrarian investors who can see beyond short-term distress.Michael discussed the importance of understanding the motivations behind investment managers' decisions and being wary of strategy drift.Episode Timeline:
[00:01:37] Choosing real estate for wealth.[00:03:52] Real estate wealth and risk.[00:08:10] Distressed capital structures.[00:10:57] Multifamily market oversupply and demand.[00:13:25] Investing in lifestyle cities.[00:17:06] Real estate investment during recession.[00:20:44] Looking beyond the headlines.[00:24:39] Throwing money into a hole.[00:27:23] Due diligence and verification.[00:29:38] Diversification in Real Estate Investing.[00:33:06] Strategy drift in investments.[00:36:15] Managing diverse product mix. -
Episode 60: The Power of Portfolio Income to Unlock Financial Freedom
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
In this episode of Tech Equity and Money Talk, host Christopher Nelson discusses the importance of portfolio income for achieving financial independence. He emphasizes the need for systematic education to understand different income investment options and their risk levels.
By running your portfolio like a business, you can build wealth with tech equity. Nelson shares his experiences and applied wisdom to help listeners make informed decisions about their portfolios.
Portfolio income is crucial for achieving financial independence, as emphasized in the podcast episode. The host stresses the importance of diversifying portfolio income across various asset classes to enhance financial growth and stability.
The episode explores a range of traditional and private equity investment options that can generate income, including high yield savings accounts, certificates of deposit, stocks, bonds, REITs, real estate syndications, and private equity funds.
In this episode, we talk about:
Diversification is Key: We discussed the importance of diversifying your portfolio with both traditional and private equity investments. By understanding the different types of income-bearing assets available, you can strategically allocate your capital to meet your financial goals.Focus on Income Generation: The episode highlighted the significance of focusing on income generation through assets like high-yield savings accounts, bonds, dividend-bearing stocks, and real estate investments. By incorporating income-producing assets into your portfolio, you can create a steady stream of cashflow to support your financial independence journey.Strategic Portfolio Management: We emphasized the need for strategic portfolio management as a business. By aligning your investment choices with your goals and preferences, you can optimize your portfolio for income generation and long-term growth. Whether you prefer conservative investments or more aggressive strategies like options trading, understanding your portfolio's composition is crucial for success.Episode Timeline:
[00:01:27] Portfolio income for financial independence.[00:05:33] Portfolio income.[00:09:30] Income generating assets.[00:15:25] Options trading.[00:19:40] Private Equity Real Estate.[00:21:16] Real estate investment benefits.[00:26:01] Private equity investment options.[00:29:22] Private equity competitive edge.[00:32:47] Multifamily and mobile home parks. -
Episode 59: Tech Equity Fundamentals with Christopher Nelson
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequitysandmoneynews.com/!
Change is an inevitable part of life. Whether we like it or not, change is constantly happening around us, and the key to thriving in a world of constant change is to embrace it and adapt. In this episode, the host discussed the importance of embracing change and adapting to new circumstances in order to succeed in life.
One of the key points made in this episode was the importance of being flexible and adaptable in the face of change. The host emphasized that those who are able to adapt to new circumstances are more likely to succeed in life, as they are able to navigate challenges and seize opportunities that come their way. By being open to change and willing to adapt, we can position ourselves for success in an ever-changing world.
In this episode of Tech Equity and Money Talk, host Christopher Nelson explores the fundamentals of trading time and talent for equity in the tech industry.
He discussed the importance of thinking like an investor and understanding the rules of the game to succeed in negotiating for high-value liquid equity.
Join in to learn how to grow your career, build wealth, and reach your financial goals as a tech professional!
In this episode, we talk about:
Think Like an Investor: The podcast emphasizes the importance of thinking like an investor when trading your time and talent for equity. Understanding the fundamental rules of negotiation and positioning your value effectively can lead to successful wealth-building opportunities.Leverage Your Skills: By understanding your market value, performing due diligence on potential opportunities, and leveraging your skills and experience, you can negotiate for a compensation package that aligns with your financial goals and aspirations.Negotiation is Key: The negotiation process is crucial in securing a favorable equity deal. By preparing, understanding your leverage, and focusing on mutual value exchange, you can navigate the negotiation table effectively and secure a package that meets your needs.Episode Timeline:
00:00:00 - Introduction and Personal Journey00:00:43 - Welcome to Tech Equity and Money Talk00:01:15 - Fundamentals of Trading Time and Talent for Equity00:02:08 - Building Wealth through High-Value Assets00:03:34 - Robert Kiyosaki's Cash Flow Quadrant00:05:09 - The Third Way: Trading Time and Talent for Equity00:06:12 - Success Stories of Trading Time for Equity00:08:19 - Historical Context: Equity in the 1950s00:09:25 - The Trade: Attracting and Retaining Talent00:10:17 - Understanding the Trade and Negotiation00:11:00 - Thinking Like an Investor00:12:04 - Technology Companies' Needs and Goals00:13:07 - Technology Employees' Needs and Goals00:14:20 - Importance of Liquidity in Equity00:15:02 - Positioning Yourself for Equity00:16:06 - Negotiating for Equity in Public Companies00:17:00 - The Four Phases of Negotiation00:18:15 - Phase 1: Displaying Common Interest00:19:07 - Phase 2: Presentation and Positioning00:21:15 - Phase 3: Negotiation00:22:10 - Understanding Vesting Schedules00:23:47 - Phase 4: Final Agreement00:25:00 - Success Strategies for Negotiation00:26:03 - Compensation Analysis: Should I Stay or Should I Go?00:28:00 - Thinking Like an Investor: Risk and Reward00:28:43 - Understanding Your Leverage00:30:17 - Importance of Stock Agreements00:31:31 - Learning from Industry Leaders00:32:46 - Equity at Different Career Levels00:33:28 - Conclusion and Encouragement -
Episode 58: Equity Compensation Strategies for 2024
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
In this episode of Tech Equity and Money Talk, host Christopher Nelson discusses the current state of trading time and talent for equity in 2024. He emphasizes the importance of looking beyond bleak headlines to understand the real news in the tech industry.
The show transitions from "Tech Equity and Money Talk" to "Tech Equity and Money Talk" to highlight the focus on tech equity.
The important aspect of vulnerability is that it allows for genuine connection. When we are willing to be open and honest about our feelings, we create a space for others to do the same.
This can lead to conversations that are more meaningful and authentic, as we are able to truly connect with others on a deeper level. By embracing vulnerability, we can break down barriers and create stronger bonds with those around us.
Join Christopher Nelson as he explores strategies and tactics for growing your career, building wealth, and achieving your financial and lifestyle goals!
In this episode, we talk about:
Rebranding the PodcastThe podcast has been rebranded from "Tech Careers and Money Talk" to "Tech Equity and Money Talk" to focus more on equity compensation and financial strategies for tech employees.State of the Job MarketLayoffs and Hiring: While headlines focus on layoffs, major tech companies like Google, Amazon, and Meta are still hiring, especially in growth areas.Return to Office vs. Remote Work: The debate between remote, hybrid, and in-office work continues. Employees need to choose environments that align with their personal and financial goals.Impact of AIAI is both a disruptive and hyped technology. Companies are looking to hire AI-skilled employees, offering higher salaries and creating opportunities for those who upskill in this area.Equity Compensation TrendsRetention Strategies: Companies are using equity to retain key employees amidst market uncertainty.Flexible Vesting Schedules: New trends include front-loaded vesting schedules to attract talent, especially in pre-IPO companies.Strategies for SuccessLook Beyond the Hype: Seek reliable data and ask informed questions about your company's retention strategies and equity compensation changes.Stick to Fundamentals: Remember that you are the asset. Invest in your skills and understand the value of liquid, growing equity with minimal restrictions.Improve Negotiation Skills: Continuously work on your ability to negotiate compensation and equity packages. Have open conversations with your manager and HR about your market value and career goals.Episode Timeline:
[00:01:25] State of trading time for equity.[00:04:03] Tech companies hiring amid layoffs.[00:08:19] The impact of AI.[00:11:19] Emerging technology opportunities[00:16:28] Flexibility in vesting schedule.[00:18:05] Equity compensation strategies.[00:23:46] Valuable equity characteristics.[00:25:21] Negotiating equity and salary.[00:29:32] Understanding equity compensation and negotiation.[00:30:35] Value of equity in companies. -
Episode 57: Fund Your Start Up Using Your Tech Equity with Ryan Gallego
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Ryan GĂ llego is the Founder and Chief Video Architect at Media Pouch. Ryan picked up his first camera at 14 when this ignited his passion not only for photography but for business. At age 17, Ryan started his first âunofficialâ photography company and made $30,000 in the first year. The Yacht Week in Croatia cemented the future of Media Pouch.
Later, he went on to follow a lifelong dream of his and moved to Sydney, Australia, to work with some clients and launch Media Pouch abroad. He returned States in November 2019 and has since been scaling Media Pouch across the USA.
Connect with Ryan
https://www.linkedin.com/in/ryanagallego/
In this episode of "Tech Equity and Money Talk," host Christopher Nelson speaks with Ryan Gallego, CEO and founder of Pouch 6 Studios.
They discussed the financial strategies of long-term employees in the tech industry, including the importance of investing in company stock. Ryan shares insights on building wealth and growing your career in the tech world.
The conversation touches on the importance of stock investments and long-term planning based on real-life experiences in the tech industry.
Tune in for valuable insights and tips on navigating the intersection of tech equity and financial success in the tech world!
In this episode, we talk about:
Working for Equity: Ryan emphasized the importance of working for equity, sharing how his experience at Amazon taught him the value of stock options and how it can significantly impact your financial future. Negotiating for a balance between salary and equity can be a strategic move for long-term financial growth.Customer Obsession: Ryan highlighted the significance of customer obsession, a core value he learned at Amazon. Putting the customer first and focusing on their needs can drive business success and create a strong foundation for growth. This customer-centric approach can be applied to various aspects of business operations.Self-Funding and Confidence: By self-funding his businesses with the proceeds from his Amazon stock, Ryan gained confidence in his ability to navigate entrepreneurship and build successful ventures. The experience of bootstrapping his companies provided him with the control and confidence needed to take risks and drive growth.Episode Timeline:
00:00:00 - Introduction and GM's Success Story
00:01:03 - Podcast Introduction and Guest Introduction
00:02:07 - Ryan's Early Entrepreneurial Beginnings
00:03:24 - Decision to Join Amazon
00:05:05 - Traveling the World on Company's Dime
00:06:32 - Non-Technical Roles in Tech Companies
00:07:42 - Financial Engineering and Amazon Role
00:09:20 - Receiving the Amazon Offer
00:10:22 - Amazon's Vesting Schedule
00:13:08 - Analyzing the Stock Agreement
00:15:10 - Belief in Amazon's Growth
00:16:37 - Visibility into Amazon's Financials
00:18:52 - Strategy of Holding Stock
00:20:10 - Opportunity Cost and Career Decisions
00:22:17 - Choosing Between Startups and Big Tech
00:23:57 - Transition to Entrepreneurship
00:25:36 - Realization During Yacht Week
00:27:09 - Leveraging Big Tech Experience for Entrepreneurship
00:29:06 - On-the-Job MBA at Amazon
00:31:10 - Customer Obsession and Business Practices
00:33:47 - Importance of Equity in Scaling Business
00:35:25 - Educating Employees on Equity
00:37:06 - Negotiating Equity in Job Offers
00:39:32 - Market Trends in Vesting Schedules
00:41:49 - Advice for New Graduates on Negotiation
00:43:27 - Final Thoughts on Self-Funding and Confidence
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Episode 56: Learning to Manage Tech Wealth with Fred DeWorken
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Frederick DeWorken grew up on a 3-acre poor farm in Amarillo, Texas, and would travel to Santa Cruz, California every summer with his grandmother. In 1989 his step-father bought him his first computer. He has been hooked on "high-tech" ever since.
Connect with Frederick
https://www.linkedin.com/in/data-cloud/
In this episode of Tech Equity and Money Talk, host Christopher continues the conversation with Fred DeWorkin, the CEO and founder of Blue Yeti. In this part 2 episode with Fred, he shares his experiences in the Peace Corps, as well as his involvement in IPOs with Tableau and Snowflake.
The episode focused into the emotions and significance of going through the Snowflake IPO, offering insights into the world of investing and what it takes to be a successful investor.
Fred shares his journey from gaining P&L experience at major tech companies to becoming an investor in various real estate syndications and private companies like data.world. He discusses the emotional rollercoaster of experiencing sudden wealth, particularly during the Snowflake IPO, and the challenges of managing newfound financial success.
In this episode, we talk about:
Experiencing IPOs with Tableau and SnowflakeOvercoming sudden wealth syndromeImportance of diversification in investmentsBuilding a business legacy and putting people to workFinancial education and wealth-building strategiesEpisode Timeline:
00:00:00 - Introduction and Career Background00:00:24 - Podcast Introduction00:00:45 - Guest Introduction: Fred Dworkin00:01:08 - Fred's IPO Experiences00:03:07 - Sudden Wealth Syndrome00:05:09 - Navigating Sudden Wealth00:06:07 - Tax Concerns and Strategies00:08:38 - Building Confidence Over Time00:09:09 - Managing Equity and Cash00:11:26 - Investment Strategies and Learning00:13:31 - Experiential Learning in Investments00:14:26 - Current Learning and Business Ventures00:16:11 - Blue Yeti and Latin American Talent00:18:12 - Building a Legacy00:19:26 - Wealth Journey Advice00:20:48 - Closing Remarks and Outro -
Episode 55: Navigating Equity in Tech Companies with Fred Deworken
Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techequityandmoneynews.com/!
Frederick DeWorken grew up on a 3-acre poor farm in Amarillo, Texas, and would travel to Santa Cruz, California every summer with his grandmother. In 1989 his step-father bought him his first computer. He has been hooked on "high-tech" ever since.
Connect with Frederick
https://www.linkedin.com/in/data-cloud/
In this episode Fred DeWorkin, founder and CEO of Blue Yeti, who shares his journey from working in the Peace Corps and as a claims adjuster to transitioning into the tech industry.
Fred discusses the value of storytelling, building relationships, and articulating one's worth in career transitions.
He highlights the importance of investing in oneself and the foundational role of training in shaping his successful tech career. Join them as they explore strategies for career growth, building wealth, and achieving financial and lifestyle goals in the tech industry.
Fred's experience highlights the importance of self-discovery, belief in oneself, and the willingness to step out of one's comfort zone to pursue new opportunities. His journey serves as a testament to the possibility of successfully transitioning into the tech industry, even without a traditional tech background. Fred's story also underscores the value of mentorship, networking, and continuous learning in navigating a career transition.
In this episode, we talk about:
Belief in Yourself: Fred's journey highlights the importance of believing in your own value and skill set. By investing in himself and having the confidence to pursue opportunities in the tech industry, Fred was able to carve out a successful career path.Focused Approach: Fred's strategic approach to targeting specific companies and industries, such as pre-IPO growth companies in Latin America, showcases the power of focus and determination. By narrowing down his options and honing in on key opportunities, Fred was able to make significant strides in his career.Learning from Experience: Fred's experience working with both Tableau and Snowflake taught him valuable lessons about the dynamics of hyper-growth companies, leadership changes, and the importance of understanding equity and tax implications. His ability to adapt and learn from each experience contributed to his overall success.Episode Timeline:
00:00:00 - Introduction to Personal Value and Investment in Self00:00:29 - Building a Career Foundation in Sales00:00:47 - Welcome and Podcast Overview00:01:08 - Guest Introduction: Fred DeWorkin00:01:47 - Fred's Career Transition and Value Articulation00:02:12 - Importance of Personal Stories in Career Advancement00:02:53 - Realizing Opportunities in Tech00:04:03 - Decision to Pursue a Tech Career00:04:25 - Job Search and Strategic Focus00:06:57 - Learning from Industry Leaders00:08:20 - Reality Check and Adjusting Expectations00:09:11 - Professional Development through ProLango00:10:07 - Effective Job Search Techniques00:11:37 - Narrowing Down Job Targets00:12:40 - Joining Tableau Software00:13:46 - Leadership and Product Impact at Tableau00:16:15 - Belief in Self and Skill Set00:18:02 - Receiving an Offer and Equity at Tableau00:20:33 - Learning from Tableau's Operational Excellence00:24:10 - Transition to Snowflake and IPO Preparation00:27:36 - Emotional Impact of Career Transitions00:30:46 - Joining Snowflake and Recognizing Opportunity00:32:53 - Equity Strategy and Financial Planning at Snowflake00:36:18 - Observing Leadership Changes and IPO Strategy00:38:44 - Wrap-up and Reflections on Career and Equity - Vis mere
