Episode 50: Nicholas Prouten - Startups: Stop Making These Mistakes

Gold Nuggets in this Episode:

• Juliet will never get tired of being called the Smarter Woman.
• “With some entrepreneurs there’s this sort of internal process that goes on of wanting to be a ‘self-made person’. Often times this can lead to people feeling like they have to do everything themselves, but that is such a fallacy. No man is an island.”
• “When you find the right people at the right place and the right time, magic can happen.”
• “They think in order for you to be an entrepreneur, you need to have some fancy tech startup. Being an entrepreneur can just be you have an Etsy store and selling stuff.”
• “Be really conservative with your cash flow at the start.”
• “Do not make the assumption that your project will go viral.”
• “Pitching and finding potential investors is not an easy thing to do. It does, to an extent, depend on the networks of people that you have.”
• “Everybody sees the flashy headline. Nobody sees the two years of groundwork that it took to get to that point.”
• “Most start-ups fail.”
• “It’s okay to let an idea go. You can try new things.”
• “You can do anything - just not everything. Accept the help that people are willing to give if you’re just starting your entrepreneurial journey.”
• “Build something 100 people love, not something 1 Million people kind-of like.” - Brian Chesky

 

Our guest is Marketing Director of Atomic47 Labs, Nicholas Prouten.

Nick’s decade-long career has spanned across roles in Gaming, Entertainment, Cybersecurity, Real Estate, Blockchain, and Cryptocurrencies. He is an Ambassador for LODE, a precious-metal-backed cryptocurrency, and his goal is to bring back an honest monetary system.

Song by Adam Vitovsky / CC BY 3.0