Month: March 2017

EPISODE 12: Crash Course in Raising and Structuring Capital for Your Startup

Take a peek into the complex world of scaling and raising capital for a startup. Rossco Paddison is the founder of Gather Change, who has some questions about raising funds and capital structure for his new startup. Craig Slayter shares his experience and expertise in answer to Paddison’s questions. Slayter has more than 30 years’ experience in Silicon Valley as a startup entrepreneur, and has participated in acquisitions ranging from $5 million to over $100 million.

Key Takeaways

  • Setting up your capital structure incorrectly can cost you and your investors a lot of money.
  • There is a strategic plan and order to finding the right investors for your business.
  • You need a good attorney who specializes in startups on your side.
  • It is not uncommon to meet with 25 venture capitalists in your quest for funding.
  • Attracting, vetting, and hiring great talent is key to a successful startup.
  • Don’t try to reinvent the wheel. Silicon Valley has a model for funding startups that has been proven to work. Research online and learn as much as you can.

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

 

[00:00] Introduction of guests, Rossco Paddison and Craig Slayter.

[01:35] Setting up the capital structure should be done at the beginning.

[02:43] Gather Change is a different kind of crowdfunding platform.

[04:31] Capital structuring models examined at length.

[08:20] Examples of a fair structure.

[11:23] Most entrepreneurs have an inflated idea of their company’s valuation.

[16:15] Valuable tips on seeking venture capital.

[33:48] Term sheets are necessary, but beware.

[43:05] Attracting, vetting, hiring, and rewarding talent.

[53:40] Get started, the short version.

EPISODE 11: The Wealth in Your Unconscious Mind

It was never just about the money, Chris Stoikos, Co-founder of Dollar Beard Club, assures us. Even so, his startup did over $20 million in sales in the past 20 months, a tidy success by anyone’s standards. He created a tribe following with his viral videos that others would love to emulate. Here he shares some of his personal philosophies and business tips with other entrepreneurs.

Key Takeaways

  • Do more of what excites you.
  • Making lots of money is such a small part of personal satisfaction.
  • Your unconscious mind is a gold mine.
  • You may not need as much sleep as you think

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of Chris Stoikos, founder of Dollar Beard Club.

[02:45] Follow your heart.

[04:44] The gold in your unconscious mind.

[10:31] How we create with just our words.

[18:34] Surrender to the flow.

[24:50] The first 200 feet ahead.

[26:54] The value in being genuine.

[28:52] Stoikos says he hasn’t worked a day in the past three years.

[30:40] Advice for the entrepreneur: Be the boss.

[33:52] Trust the universe. Trust yourself.

[33:52] Go do something fun.

[36:10] You always get back way more than you give.

[41:51] Maybe you don’t need as much sleep as you think.

[45:05] A new company all about creativity for entrepreneurs.

EPISODE 10: New Healing for a Waiting World

Hempstore is currently established as the largest hemp product distribution company that offers over 400 unique hemp products to buyers all over the world. Since hemp can be used in the production of over 50,000 diverse products, the field is wide open for other high-functioning entrepreneurs who may want to look at how they can benefit the world with some great new hemp products.

Key Takeaways

  • The market is open for interested entrepreneurs who have ideas for great hemp products. At present, over 50,000 product uses have been identified.
  • New studies worldwide are showing promising results for possible medical uses.
  • Game-changers can use it to build healthier bodies, and to relax.
  • You can participate in a marijuana ceremonial experience with a shaman.

Listen to this episode on iTunes:

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction to Alex Impey, owner of Hempstore.

[01:56] Cannabis and hemp oil has been used to treat illness and diseases all over the world, for at least the last few hundred years

[04:20] Entrepreneurs can use it to build healthier bodies, as well as for relaxation.

[13:11] Is addiction an issue?

[20:16] After Vietnam – A short history lesson.

[27:20] Shamanistic and ceremonial use of hemp or cannabis.

[34:08] New studies and promising medical uses.

[38:54] Over 50,000 hemp products that can help the world, an entrepreneur’s dream.

[43:34] Recommended books and media. except for your personal safety.

 

EPISODE 9: Bridging the Worlds of Business and Spirituality

Rak Razam is a positive disruptive influence in the world of consciousness, an author, producer, director, filmmaker, and trail-blazer. He first visited the Amazon in 2006 as a freelance journalist, for an ayahuasca shamanism retreat. Through his books, films, and teachings, he strives to introduce the mainstream world to the potentials of plant medicines as healing modalities. But he takes it a step further. Razam shares how some high-performing entrepreneurs are using this potent plant medicine to change themselves and their businesses for the better, and to create a new world model.

Key Takeaways

  • Razam invites you to explore plant medicines as a healing modality and initiation.
  • Entrepreneurs are major change-makers in the world.
  • Connecting with Mother Earth can restore our balance as a society.
  • The importance of body/mind/soul integration in life and in business.
  • Entrepreneurs can model leadership as examples to others.

Listen to this episode on iTunes:

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This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction to Rak Razam, and the fascinating world of plant medicine.

[02:12] Ayahuasca and spiritual initiation.

[05:48] The initiation experience.

[07:43] Mind/Body/Soul integration.

[08:42] The Gaia mind and today’s high-performing entrepreneur.

[14:24] A caveat about the decision to sit with the medicine.

[18:22] Connecting with the Source.

[31:29] The entrepreneur as a leader in sustainability.

[38:11] For more information: the website.

EPISODE 8: First CEO of oDesk (The Largest Global Freelancing Platform in the World) 5 Pitfalls of Company Acquisitions

Craig Slayter, Jeffrey Slayter’s father, has more than 30 years as a Silicon Valley startup entrepreneur and raised more than $50 million dollars in venture capital. He’s assessed hundreds of companies for potential acquisition, and participated in acquisitions ranging from $5 million to $100 million. Slayter discusses 5 unique deal stoppers preventing entrepreneurs from making the $100,000,000 exit.

Key Questions in Regard to the $100 Million exit:

  • Are our investors and founders clearly aligned?
  • Based on timely research, is our business in the right price range?
  • Is our cap table in order? 
  • Do we have a messy set of books?
  • Can we prove we have clear title to intellectual property, and product  specs?
  • Are we demonstrating integrity in all our dealings with prospective buyers?
  • Can we come to a satisfactory agreement with buyers about our ongoing company culture?

Listen to this episode on iTunes:

Listen to this episode on Stitcher:

Download the audio file:

This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg

DISCOVERY OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of special guest Craig Slayter, Jeffrey Slayter’s father.

[01:32] Deal Stopper #1: If founders and investors are not aligned, buyers will sniff it out and walk away.

[07:45] Deal Stopper #2: Do your homework to make sure your expectations for a buyout are in the correct price range.

[13:28] Deal Stopper #3: Clean up your cap table.

[19:18] Deal Stopper #4: Get messy books in order.

[23:40] Deal Stopper #5: Make sure you have clear title to intellectual property or product specs, and that you can prove it.

[28:57] Bonus Deal Stopper: Keep integrity in all your dealings with buyers.

[30:57] Bonus Deal Stopper: Being transparent helps build relationships and seal the deal.

[33:20] Bonus Deal-Stopper: Find an agreement with buyers for a cultural integration strategy that works for both parties.

[37:43] Parting wisdom from Craig Slayter.