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:

  1. Formula for success: team, right capitalization, idea
  2. Make sure everyone is aligned toward the same goals and vision.
  3. Finding a good fit: Trust your intuition. Give people test projects. Learn to read people quickly.

Resources mentioned:

The Master Switch – book

Last question:

Launching an Investment Fund to invest, build and operate in the market. Build infrastructure.

How to contact Richard if you want to get involved: richie@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.

Twitter: @RichieBlueEyes

Check out this episode!