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Turning a cash-sucking death trap into a learning experience - Daniel Marcus | E13
Why would anyone build a new business with the same team and same overheads from a recently failed business?
Off the back of one failed business, my next guest decided to do just that and immediately started another business with massive overheads and not a client in sight.
Unfortunately starting a business with massive overheads and no clients from day one is a lot more difficult even than it sounds. With funding from his family and friends and a plan to dig himself out of a hole, he started to build a new business. This is not a rag to riches story as he ended up burning $500 000 (R8m) working to save the company.
Daniel Marcus is a lifelong entrepreneur and a co-founder of UK-based predictive analytics start-up Ramp.
He built his first company at the age of 19, has seen his fair share of failures and has had 3 successful exits. I don't want to keep you waiting any longer, so remember, it's not over until it's over.
Subscribe to It's Not Over:
Apple: https://apple.co/37gY2I6
Spotify: https://spoti.fi/3E4wUbm
Google: https://bit.ly/3KBQgqG
Website: https://rss.com/podcasts/its-not-over/
Visit Ramp - https://rampgrowth.com/
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By Nic HaralambousWhy would anyone build a new business with the same team and same overheads from a recently failed business?
Off the back of one failed business, my next guest decided to do just that and immediately started another business with massive overheads and not a client in sight.
Unfortunately starting a business with massive overheads and no clients from day one is a lot more difficult even than it sounds. With funding from his family and friends and a plan to dig himself out of a hole, he started to build a new business. This is not a rag to riches story as he ended up burning $500 000 (R8m) working to save the company.
Daniel Marcus is a lifelong entrepreneur and a co-founder of UK-based predictive analytics start-up Ramp.
He built his first company at the age of 19, has seen his fair share of failures and has had 3 successful exits. I don't want to keep you waiting any longer, so remember, it's not over until it's over.
Subscribe to It's Not Over:
Apple: https://apple.co/37gY2I6
Spotify: https://spoti.fi/3E4wUbm
Google: https://bit.ly/3KBQgqG
Website: https://rss.com/podcasts/its-not-over/
Visit Ramp - https://rampgrowth.com/