After a successful business exit what comes next will be determined by what exactly you are passionate about tied with what your core values are. Just remember though that your entrepreneurial skills are unique and remarkable and there are founders or companies out there that value what you lay on the table.

In this episode, Mike Hersh shares his journey from being an operator through a very successful business exit to impacting the next generation of entrepreneurs through direct investment, board involvement, and advisory work. Mike discussed how his philosophy evolved over time as he became more experienced as an investor and advisor. We discuss how Mike started much smaller with some of his initial investments, then became involved with incubator programs, and how he has managed his involvement so that he provides massive value to a few founders at a time. We also discuss the various hats that he wears as a board member and advisor and how to be in both seats effectively.

This is a fascinating conversation and a must listen for anyone who is wondering how to leverage their wealth from a successful exit and support the next generation of entrepreneurs. 

About Our Guest: 

Mike Hersh is known for his entrepreneurial approach to managing large project teams and to driving the growth of innovative startups given his 30-year career in the software and financial services industries. He is focused on helping innovative startups as an angel investor and mentor. 

If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.   

Resource Links: 

• Connect with Mike on Linkedin (https://www.linkedin.com/in/mike-hersh-84b1862/) 
• Visit Neat Capital (https://www.neatcapital.com/)

What’s Discussed in This Episode: 

1. Mike’s story of when he sold his company and his journey after [4:23]
2. Mike’s journey of investing in companies [6:13]
3. How Mike came about with his strategy when it comes to investing [10:16]
4. Helping organizations and creating value [12:59]
5. Important components to look out for when investing in startup companies [16:31]
6. Why a heart connection with entrepreneurs is essential [17:46]
7. The art of being successful [21:02]
8. Mentoring young entrepreneurs become an effective leader [21:43]
9. The process Mike uses when he’s looking to work with entrepreneurs  [22:27]
10. Mike’s theory on a company’s valuation [25:59]
11. Doing reference checks [29:15]
12. Balancing multiple roles [30:33]
13. Best advice for those looking to be investors in the startup area. [33:56]
14. A balanced portfolio [37:47]
15. Closing thoughts [39:24]

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