Richard Hecker, CEO of Traction + Scale, is a technology entrepreneur and investor.
He has bought and sold assets that have had enterprise values of over a billion dollars across the private, public and crypto markets. Richie co-founded the Crypto Working Group, the leading Self Regulating Organization in the industry.
Listen in to learn about blockchain, the future of Wall Street, and how they can impact your business.
Getting Traction to Scale: Richard Hecker Talks Blockchain, Leadership, and the Future of Wall Street
Time stamped show notes:
[0:59] Richard’s journey and struggles
[1:55] Started at 15–early days of advertising online, before the bubble burst
[4:53] Formula for success: team, right capitalization, idea
[6:07] Make sure team members and partners are in a good place in their lives.
[7:23] Stability is a state of mind.
[10:08] Make sure everyone is aligned toward the same goals and vision.
[10:27] Have a clear vision. | Can you articulate it in a sentence? Can you explain it to your grandma?
[10:54] Know what’s in it for you and what’s in it for the other people. Set up clear incentive structures.
[11:16] Offer coaching and guidance along the way.
[13:01] Learn by foundation first. If people are missing all their goals and don’t have an evolution, part ways.
[14:59] Ways to get closer to understanding if someone is a good fit or not
[15:00] Trust your intuition. Give people test projects. Learn to read people quickly.
[15:57] Give people a chance to course correct.
[17:02] What is he working on? [in cryptocurrency]
[18:45] Metric he will use to measure his success
[19:47] Where he thinks the market is right now
[22:12] Cypto is a market with “hot money.”
[23:14] You can’t show people what this [crypto] is going to be.
[23:33] Cryptocurrency gold rush – based on emotions, not on economics
[31:14] Things he wish people would read | What he recommends to people in the Crypto market
Three key points:
- Formula for success: team, right capitalization, idea
- Make sure everyone is aligned toward the same goals and vision.
- Finding a good fit: Trust your intuition. Give people test projects. Learn to read people quickly.
Launching an Investment Fund to invest, build and operate in the market. Build infrastructure.
How to contact Richard if you want to get involved: [email protected]tractionandscale dot com
Looking for capital partners, an investment professional (background in private equity and crypto), an investment relations person, a Chief Operating Office and project leads. He’s always looking for talent.