Summary

In this episode, David Carbines, co-founder of Red Hat Impact, Green Collect, and part-time co-founder of Lend for Good, shares his journey and experiences in the startup world.

He discusses his motivation to help others and create positive impact, as well as the challenges of balancing financial sustainability and social impact.

David also reflects on the lessons he has learned from failure and the personal toll of running a business. He emphasises the importance of building connections and seeking support from other founders, and advises early stage startup founders to write down their goals and aspirations.

David shares insights and advice for startup founders. He emphasises that every startup is unique and encourages founders to enjoy the journey rather than focusing solely on achieving specific goals.

David also discusses the role of startups as a vehicle for change and highlights the importance of addressing mental health challenges in the entrepreneurial community.

He explains Cogsflow's financial model, which helps e-commerce businesses with inventory funding, and shares success stories of startups that have benefited from their support.

David concludes by discussing the challenges and rewards of startup life and the importance of building a strong team.

Takeaways

Every startup is unique and should embrace its individuality.

Enjoying the journey is important, as success does not guarantee happiness.

Startups have the potential to drive positive change in the world.

Cogsflow's financial model provides inventory funding for e-commerce businesses.

Building a strong team and empowering them is crucial for startup success.

Chapters

00:00 Introduction and Background

02:05 Motivation to Help Others

06:03 Creating Positive Impact

09:39 Filling the Funding Gap

14:35 Balancing Financial Sustainability and Social Impact

18:11 Learning from Failure

20:08 The Personal Toll of Running a Business

25:09 The Innate and Acquired Traits of Startup Founders

30:08 Building Connections and Seeking Support

42:55 The Importance of Writing Down Goals

43:48 Reflection and Progress

44:15 Resonating Answers

45:12 Every Startup is Unique

46:21 Enjoying the Journey

47:24 Startups as a Vehicle for Change

48:13 Defining Startups

49:30 Cogsflow's Financial Model

50:34 Enabling Business Progression

51:13 The Future of Launching Businesses

52:42 Success Stories with Cogsflow

56:03 The Role of Founders

57:43 Empowering Entrepreneurs

59:27 Building a Large Organisation

01:00:44 The Challenges of Startup Life

01:01:24 Appreciation for Cogsflow's Impact

LINKS

https://www.linkedin.com/in/david-carbines
https://www.cogsflow.com/