Huge thanks to Yariv Ganor Startup Psychologist for sponsoring this episode.
If you are a founder, learn how Yariv works with founders to provide support throughout the startup journey by booking a free consultation with him today:
https://link.foundersunpluggedpodcast/
—————————————–
Mike Bank shares his journey from investment banking to entrepreneurship, highlighting his motivations, challenges, and transition into venture capital. He reflects on family influences, the value of work flexibility, and financial independence. Mike underscores the importance of networking, operational involvement in investments, revenue generation, and data-driven decision-making. He also discusses angel investing, venture studios, the challenges of fundraising, and the skills needed to work effectively with founders in the startup ecosystem.
Chapters
00:00 Introduction to Entrepreneurship and Background
02:48 Journey from Investment Banking to Entrepreneurship
05:59 The Real World MBA Concept
08:57 The Decision to Leave Banking
11:57 Family Influence and Generational Perspectives
14:58 The Push for Freedom and Flexibility
18:06 The Cost of Living and Financial Independence
20:45 The Reality of Wealth and Lifestyle Choices
23:56 Transitioning into Venture Capital
27:09 Networking and Building Relationships in Venture
30:07 Operational Involvement in Investments
30:31 Sponsored Segment
32:02 Diving into Angel Investing and Early Ventures
34:49 Transitioning to Venture Studios
38:48 Joining Antler and the Solo Founder Experience
42:04 The Realities of Venture Capital Returns
45:50 Data-Driven Decision-Making in Venture
51:11 The Importance of Revenue Generation
56:55 Fundraising Skills and Closing Thoughts
Follow Mike on LinkedIn here:
https://www.linkedin.com/in/mfbank/
Checkout UnderdogX here:
https://www.underdogx.co/
Want a 1-hour free advisory session with our host, Greg McCallum?
👇👇👇👇👇👇👇
https://meetings-eu1.hubspot.com/meetings/gmccallum?uuid=c8f5cecd-0222-4c6e-92d1-ea9f224a60fd