In our inaugural episode, angel investing prodigy Michael Marks tells fascinating stories that take us from the precocious founding of his first company to his being a highly-prized investor in hundreds of startups today. The narratives are interwoven with entertaining observations of subjects ranging from comedians to co-founders. Some of the most interesting pivots (radical changes of business plan) are elucidated. Michael’s dry wit and unassuming manner make his deep wisdom accessible to all of us.
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In this conversation we touched on:
The best pivots ever!
Need for focus
When to pivot
How frequently business plans work out
Hiring a CEO
Qualities of the founders
Role of luck in startups
I What a board of directors can do for the startup
How Michael got started in entrepreneurship