Randy Rayess is the co-founder of Venture Pact as well as an angel investor. Randy was the finalist for the Innovative Awards in 2014 and has a lot of valuable insight for tech entrepreneurs. On the show, Randy talks about the importance of screening a good team, solutions to tough problems do not happen overnight, and much more on today's show.
- 01:45 - How did Randy get the entrepreneur bug?
- 03:40 - How did Randy come up with Venture Pact?
- 04:10 - Work on solving a tough problem no other startup can solve.
- 05:50 - Running a start up is a crazy marathon with a bunch of obstacles on the run.
- 06:35 - It takes time to find the right market and to have a scalable business model.
- 10:00 - Randy looks for a team to vet, not just one person.
- 15:45 - It's important to find investors who are in the same field you're in.
- 19:05 - Warm connections are the best way to reach out to an investor.
- 20:30 - Short pitch decks let you focus investors' attention better than longer pitch decks.
- 21:15 - What should developers do if they're in the game industry?
- 23:08 - Randy lists a couple of his favorite books.
Startups require a lot of patience and extreme persistence.
Work on solving a tough problem no other startup can solve.
Running a start up is a crazy marathon with a bunch of obstacles on the run.
Short pitch decks let you focus investors' attention better than longer pitch decks.
The Power of Now by Eckart Tolle
Drive by Daniel Pink Only the Paranoid Survive by Andrew Grove
Lean Startup by Eric Ries
Randy Rayess LinkedIn
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