Welcome back to Founders Unplugged! I'm your host, Greg McCallum. In this second part of my conversation with Toby Kernon, CEO and founder of Wagonex, we delve deeper into the entrepreneurial journey and the challenges that come with it.

Make sure you have watched or listened Part One.

Toby shares insights on the importance of having an entrepreneurial partner who understands the highs and lows of startup life. We discuss how his family's entrepreneurial background influenced his own path. The conversation touches on hiring practices, debating the value of degrees versus real-world experience, and the complexities of finding the right co-founder.

We explore the decision to initially outsource the engineering team and the eventual transition to building an in-house team, highlighting the impact on efficiency and company culture. Toby opens up about the evolving roles and responsibilities as a founder, the significance of keeping investors informed, and his thoughts on future ventures and angel investing.

Episode Highlights:

Chapters:

00:00 The Importance of an Entrepreneurial Partner

02:49 The Influence of Family Background on Entrepreneurship

05:55 Degrees vs Real-World Experience in Hiring

08:55 Challenges of Finding the Right Co-founder

21:54 Outsourcing vs In-house Engineering Team

29:15 Transitioning to an In-House Team

34:45 Navigating Changing Roles as a Founder

37:43 The Importance of Keeping Investors Updated

44:20 Challenges in the Fundraising Landscape

52:21 Exploring Future Ventures and Angel Investing

Follow Toby here: https://www.linkedin.com/in/toby-kernon-b611a853/

Check out Wagonex here: https://www.wagonex.com/car-subscription-software

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