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Leaders Media
Chris and Dan are serial entrepreneurs who've built, sold, scaled & failed companies worth hundreds of millions of dollars. So, like, we get it - business is hard. But we also love it, it's fun!
Fortunately- we've got an epic network of some of the most inspiring builders on the planet who aren't boring and will teach you everything you'd never learn in business school - and therefore everything you'll actually need to build yourself a better future and have some lols along the way.
Contact: [email protected]
Key habits for growing your wealth, why finance should be as easy as learning to drive, and choosing renting over buying - author of bestseller 'How to Own the World' and Founder, Andrew Craig
What are your new year’s resolutions? Is money on your mind?
Being an entrepreneur can be a bit of an all or nothing game when it comes to money. You're into the creation process and are willing to sacrifice a lot. It can cost you much more than you earn, especially at the beginning, and often you have nothing for a long time. But, admitting that you want money and understanding how to take control of it can be difficult, it can feel like a taboo.
That’s why this episode features bestselling author of 'How to Own the World' and Founder of Plain English Finance, Andrew Craig. 'How to Own the World' is in its third edition and rarely out of the top books for personal finance on Amazon. Andrew originally self-published the book after becoming frustrated with the fact that so many people don’t understand the nuts and bolts of personal finance. He says we can all grow wealthier by developing some simple habits over the long term. A founder himself, Andrew understands the pressures entrepreneurs face but believes that everyone can better control their finances.
What does it mean to ‘own the world’? What is the ‘100 minus your age’ rule? And why does Andrew think it's better to rent rather than buy?
Listen to find out.
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01:04:0510/01/2023
Deliciously Ella: making new year habits stick, the issues of #girlboss culture and why she doesn’t see herself as an influencer - with Founder Ella Mills
Ella Mills started a plant-based food blog, Deliciously Ella, in 2012 after chronic illness left her physically and mentally depleted. The blog blew up and its popularity led to her first recipe book, which was released in January 2015. It became the fastest-selling debut cookbook of all time in the UK and spent eight weeks at number one on Amazon, across all categories.
Deliciously Ella now has 40 plant-based food products, stocked in more than 6,000 stores across the UK, an app, more bestselling cookbooks, a deli, and in 2022 had an expected turnover of 20 million pounds. It hasn’t always been a smooth ride though…which we’ll get into.
Ella has over 2 million followers on Instagram. Social media has played a big role in the growth of the business, but even though many would describe her as one of the original UK influencers, she doesn’t see herself that way.
How did she handle that fame along with the growth of the business brand? What advice would she give to other entrepreneurs building a disruptive consumer brand? And, what does she think about the wellness industry and the desire for quick fixes?
Listen to find out.
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01:06:2403/01/2023
How I Failed: Trying to please the wrong people, with Founder Rob Fitzpatrick
How do you know what to do when you’re just starting out?
In 2007, Rob Fitzpatrick and his two co-founders, were in their early twenties. They were programmers just out of academia and had an idea for a business. They were accepted to YCombinator in the same cohort as teams like Dropbox and Songkick. They got deals with big companies like Sony Music, MTV, and the BBC, were on national talk shows, got great press coverage and moved to London to be in the centre of their industry. But they died in their fourth year…
What went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
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17:1715/12/2022
Who Gives A Crap: Going viral on a toilet and selling 300 million rolls of toilet paper, with Co-Founder Simon Griffiths
Where were you when you came up with the idea for your business?
Simon Griffiths was sitting on a toilet when he had the idea for Who Gives A Crap, a subscription-based toilet paper brand that donates 50% of its profits to help build toilets in the developing world.
Since they launched in 2012, they’ve sold more than 300 million rolls of toilet paper and donated more than 11 million Australian dollars - just over £6 million - to charity. They now have more than 200 employees spread across 7 countries selling into the USA, Europe and Australia. In September 2021 they raised over $40 million in their first fundraising round.
It’s taken a lot to get to this point. They bootstrapped for the first 9 years and spent 3 years before that working on the product before launching. Simon didn’t get paid for the first 18 months of trading.
What does it take to build a brand that actually tries to change the world? Is entrepreneurship really for everyone? And does Simon fold or scrunch his toilet paper?
Listen to find out.
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58:5713/12/2022
How I Failed: “We were like a cockroach company, we wouldn’t die”, with Founder Steven Renwick
What happens when your business pivots so much you end up in a completely different industry?
Steven Renwick founded Satago, a platform that helps businesses get paid faster, in 2012. It was actually one of the first companies to raise money on the equity crowdfunding platform Seedrs.
Whilst it started out as a way to crowdsource data about when companies were getting paid and use that to make real time credit reports, Steven had to pivot the business multiple times, meaning it went from a technology to a finance business.
The more the company grew, the more they needed investment, plus Steven was now in an industry he had no experience in. They raised nearly £3 million in total. But, in 2017, Steven had to try to sell Satago after it became insolvent.
What went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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16:4108/12/2022
The Black Farmer: managing your fear is the key to success, Wilfred Emmanuel-Jones MBE
Wilfred Emmanuel-Jones grew up in poverty in Birmingham, having come with his parents from Jamaica as part of the Windrush generation. One of nine children, and as the oldest boy, it was his job to help his father on their allotment, which they used to supplement the family income. And it was on that allotment he first dreamt of owning his own farm.
His drive to change his circumstances was relentless, which was needed, because he had to excel at several different career stages just to give himself the chance of building his company. Wilfred gave Gordon Ramsey his big break in television, having been given his own break in TV, thanks to his raw persistence. Then after finally buying his farm, he set up The Black Farmer, a name coined by neighbours of his farm in Devon.
He’s written a book, called ‘Jeopardy - The Dangers of Playing it Safe’, so has really thought about the things that have made him successful - the stuff we want to know about.
How did he hone his mindset and achieve his lifelong dream? Why does he celebrate being an outsider? And why is fear so important for entrepreneurs?
Listen to find out.
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45:3706/12/2022
How I Failed: 250 VCs and not a single yes, with Pluto Co-Founder Alex Rainey
Do you want to learn about raising capital from someone who has been through the wringer and reflected on his mistakes?
Alex Rainey is the Co-Founder of travel insurer and planning app Pluto, which he founded in 2018. They raised a total of £1.3 million, and grew to be the UK’s second highest rated travel insurer and one of the top-3 travel planning apps on the app store.
But in September 2022, just a couple of months before we recorded this episode, Alex and his Co-Founder sold the company after failing to raise in a brutal fundraise.
What went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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14:0601/12/2022
Back Market: From middle manager to $5b Founder, with Co-Founder & CEO Thibaud Hug de Larauze.
Do you risk it all when the odds are stacked against you?
As a founder it’s very hard to take that first leap into the unknown and even more so when you’re in a job you love.The stakes are rarely higher and it’s so difficult to do it well.
But that’s exactly what Thibaud Hug de Larauze did when he left his job to found Back Market, a marketplace for refurbished devices, in 2014. They have grown massively since then, raising over a billion dollars, including $335 million in May 2022 - at a valuation of $5.7 billion. They are now the most valuable startup in French history!
And despite being the head of such a successful company he has managed to stay humble. How do you go from being a middle manager to one of the most successful entrepreneurs in the whole of Europe, pitching to former Vice President of the United States Al Gore AND not get too big for your boots?
Listen to find out.
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44:5529/11/2022
How I Failed: Losing $1.5 million on someone else’s dream, with entrepreneur Simon Squibb
Simon Squibb is a multi-millionaire entrepreneur and angel investor. After being homeless at 15, he has gone on to found 19 businesses and invest in 76 companies to date. After selling his business to PriceWaterhouseCoopers (PwC) he retired at 40 and is now on a mission to help 10 million people start their own businesses through the Purposeful Project.
But it wasn’t a straight line to success, and one of those businesses, a comic book business, failed, losing $1.5 million.
What went wrong?
Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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15:4924/11/2022
How 7 interviews changed my life - our 200th episode, with Dan Murray-Serter
This is Secret Leader’s 200th episode! Over the last 5 years we've featured over 50 unicorn leaders and household names such as Monzo, Slack, Duolingo, Brewdog, Lastminute.com.
In today’s episode host Dan Murray-Serter takes listeners through the interviews that have had the biggest impact on him. Guests include host of Diary of a CEO, entrepreneur, and angel investor, Steven Bartlett; Co-Founder of Little Moons Vivien Wong on how they went viral during the pandemic; Eve Sleep Kuba Wieczorek on what it cost being one of the fastest UK companies to IPO ever; and Jo Malone talking about how leaving her company after her recovery from cancer was the biggest mistake of her life.
Listen to the full episodes here:
Steven Bartlett, host of ‘Diary of a CEO’ and entrepreneur
Lemonade Co-Founder Daniel Schreiber
Little Moons Co-Founder Vivien Wong
Eve Sleep Co-Founder Kuba Wieczorek
Fiverr Co-Founder Micha Kauffman
Trinny Woodall, Founder of Trinny London
Jo Malone, Founder of Jo Malone innit :P
Dan reflects on what those interviews have taught him:
How to stay consistently true to your path and mission statement whilst not believing your own bullshit with Founder and Host of ‘Diary of a CEO’ Steven Bartlett
How to redefine an archaic industry by tapping into consumer psychology with Lemonade Founder Daniel Schreiber
How to handle the challenges of surprise growth in hard times with Vivien Wong from Little Moons
The pitfalls of hypergrowth when you put the scaling your business ahead of your mental health (everything can fall like a house of cards),with Eve Sleep’s Kuba Wieczorek
How to avoid obsessing over the wrong things, with Fiverr Co-Founder Micha Kauffman
How to stay humble, be vulnerable and start again with Trinny Woodall
How to build resilience and not be a victim of your greatest regrets, with Jo Malone
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58:0622/11/2022
How I failed: So close to achieving my dream and then walking away, with Emma Sexton
In 2013 Emma set up strategic brand agency Hands Down in her spare bedroom, on her laptop, with just £1,000 in savings. She’d never run a business before and had been an employee for the past twenty years, since she was 18. Learning on the job, she put all her energy into growing the business over the next ten years. She had one goal in mind, to make £1 million a year. Despite the pandemic, the business was on set to reach this goal in 2022…but in July she decided to close Hands Down down.
What went wrong? Listen to find out what.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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15:2317/11/2022
The biggest problem in business - property legend and Yoo Co-Founder John Hitchcox
John Hitchcox is the Chairman and Founder of Yoo Group, the property company behind the £1.3 billion pound regeneration of Olympia London and considered by many the global leader in the branded residence space.
John founded Yoo in 1999 with one of the world’s most famous designers, Philippe Starck. Together they have grown Yoo to where it is today, operating in over fifty cities and thirty countries worldwide.
John has been in the property market since the early eighties, when he was just 17. He’s had to bring a lot of confidence to be so successful but is honest about the challenges of being an entrepreneur. He has also ridden through multiple financial crises. With the market going bananas and uncertainty over interest rates and inflation going through the roof, it’s a good time to talk to someone who knows more than most.
What does he see in his crystal ball? And what happened when he tried to do his first property deal at the age of 14?
Listen to find out.
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37:2215/11/2022
An Uncommon Criminal - Bad Money X Secret Leaders
This a new one for us - we've just launched our first true crime show at Kindling Media (we make Secret Leaders).
It's called Bad Money and it's about the Hong Kong gangster, Big Spender. Obsessed with money, he went further than anyone before to get rich. In fact, he became so wealthy he could've had his own episode on Secret Leaders.
This is a story of how money and power really work - and this is the first episode.
You can listen to the rest of the show here: https://link.chtbl.com/badmoney_sl
Or search for Bad Money wherever you listen to your pods.
Hope you enjoy!
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27:1514/11/2022
How I failed: Half a million in debt and living in my car, with Founder Konrad Bergström
Konrad Bergström is the founder of Swedish electric boat manufacturer X Shore and Zound Industries, the Swedish tech giant that sells consumer electronics for Marshall Amplification and Adidas.
But before that, he was half a million euros in debt and living out of his car after his previous business, Megascine Agency, failed. Konrad set up the business which distributed brands like Quicksilver and Burton in Sweden in the late 90s. The company grew quickly and made a name for themselves, organising events such as the world’s largest indoor snowboarding competition and the first European edition of the World Cup in wakeboarding.
So what went wrong? Listen to find out what.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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13:1810/11/2022
'I was 5 the first time I heard the word drugs': Nikki Wicks, CEO of The Body Coach and brother of Joe Wicks.
Nikki Wicks is the CEO of The Body Coach and the older brother of Joe Wicks. Joe, aka The Body Coach, is a household name. He’s a fitness coach with a massive online following and the author of one of the best selling cookbooks of all time ‘Lean In 15’, having sold over a million copies in its first year alone.
During the pandemic Joe became known as the ‘Nation’s PE teacher’, delivering exercise sessions on YouTube for children every week. One class of PE with Joe was live-streamed by nearly a million people, earning him a place in the Guinness World Records.
Joe has his own personal brand, but The Body Coach is also a fast-growing business that Nikki has built, along with Joe, over the past seven years. Their YouTube channel has over 2.5 two and a half million subscribers and they hit over a million downloads on their app in their first year. They are booming.
Nikki and Joe have a strong bond, formed during a difficult childhood during which their father struggled with a drug addiction. Nikki says he first heard the word ‘drugs’ when he was just five years old and tried to hide his father’s drug’s use from the rest of the family. When Joe asked Nikki to come back from working abroad in 2015 to help him build his business, Nikki says he was worried about working with his brother because of the warnings he’d heard about working with family but doesn’t regret his decision.
What is his advice for those that want to work with someone they are close to and how do they cope with such a fast-growing global business? Listen to find out.
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44:3608/11/2022
How I failed: ‘Never go in with the idea of money first’, with Founder Kurt Davis.
Kurt Davis has spent twenty years in Silicon Valley and Asia, working in venture capital and business development for technology startups, focusing on deals with companies like Apple, Microsoft, Spotify, and Sony.
But he experienced failure, with his very first business, a mobile game company. Kurt was living in Hong Kong in the early 2000s and from there he witnessed the beginning of a wave of innovation in China, especially in tech. Alibaba, Tencent, Baibu, all of them were launched around that time and were beginning to grow.
It was exciting and Kurt couldn’t resist the opportunity. He left his job and moved to Shanghai in 2003 to make it as an entrepreneur. He was really into football and hit upon the idea of starting an online fantasy football game app. At first it was going to be a website but, after realising they weren’t going to be able to monetise it very well, they then turned their attention to mobile phones. Remember this was 2003, so the early days of smartphones, before the iPhone. All of this was really new, but they did it! They got mobile phone carriers, like China Unicom, to sell their product and also spread into other countries in Asia.
So what went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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11:4903/11/2022
Ignore the press, why you should be excited about the world - billionaire psychedelic investor Christian Angermayer
Christian Angermayer is a German-born billionaire. He’s on the Sunday Times rich list, and has accumulated a lot of wealth from his work as an investor, film producer and founder. But Christian is about much more than money…
From his family office, Apeiron Investment Group, he invests and starts companies in areas from psychedelics to fintech, cryptocurrency, biotech, and artificial intelligence. In fact, he’s been called the world’s first ‘psychedelic billionaire’. That might seem a bit strange given the fact he is basically a tee-totaler. He doesn’t smoke. He’s a Bavarian who’s never drunk beer! His biggest vice is tea and coffee.
He’s also really into longevity. He believes that within his lifetime, we will extend human lifespan to such an extent that we will voluntarily decide when we exit this life. And he’s committing some of his vast fortune to making that a reality.
He thinks deeply about how he has got to where he has and works hard to master his ego.
Why does he think this is key to being a successful founder and investor?
Listen to find out.
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01:02:5201/11/2022
How I failed: We were playing the wrong game, with Jonathan Anderson
Jonathan Anderson is the co-founder and CEO of Candu, a no-code platform that helps people build their own products. They are used by companies likeAdobe, Thought Industries, and Gorgias and have raised over five million dollars.
But his first business wasn’t such a success. In 2011, when Jonathan was a student at Stanford University in a CleanTech programme, he came up with the idea for a smart thermostat controlled by your smartphone with a couple of his fellow students. The problem they’d identified was that programmable thermostats at the time were really hard to use meaning customers just didn’t do it.
It was early days for the smartphone but also exciting times. They realised they could use the GPS on customer’s smartphones to say when they were coming in and out of their homes, making heating much more efficient. After securing twenty thousand pounds with convertible note financing, they worked with a Chinese supplier to build a prototype. They were pumped to be at the forefront of the revolution in household technology
But they’d made a fundamental mistake.
Listen to find out what.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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13:0927/10/2022
Duolingo Founder: Being a genius, inventing CAPTCHA & getting 500m users - Luis Von Ahn
If you’re not one of their 500 million users, Duolingo is a phenomenally successful app where you practise a language in small chunks every day. Launched in 2012, it has become the number one language learning app and the most downloaded education app in the world. The company floated in 2021 and currently has a market cap of just under 4 billion dollars.
It’s rare for a founder to be brilliant at both invention and business but Luis Von Ahn, the Co-Founder and CEO of Duolingo, is one of them. Before Duolingo, he invented Captcha - those squiggly letters you have to write out to prove you’re not a computer. The guy’s a genius, and that’s a fact. He actually won an award for being one in 2006, the prestigious Macarthur Fellows Program award. It’s colloquially known as the genius grant, because it’s said you have to be one to get it.
Luis grew up in a single parent household in Guatemala. His mother spent all the money she could sending him to the best school she could afford. This experience, of seeing the difference between those who receive a good education and those who don’t, would later form the basis of Duolingo. But when Luis and his Co-Founder Severin started Duolingo in 2012 they had a big problem - how could they keep their users coming back? Listen to find out.
Show notes:
(01:50) - The beginning of Duolingo
(08:40) - Getting first interested in computers at 8 years old.
(11:15) - Inventing CAPTCHA
(16:00) - Selling reCAPTCHA to Google
(19:45) - How he handled suddenly becoming very rich
(23:30) - The key things they did right with Duolingo in the early days
(25:25) - How they got their users to stay motivated
(29:00) - Working out how to teach Gen Z
(33:00) - Why he doesn’t see Google Translate as a competitor
(35:40) - Using crowdsourcing as a tool to grow the business
(40:35) - His advice for other entrepreneurs
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48:1725/10/2022
How I failed: Leaving my high paying job for my doomed startup with Jay Radia
Jay Radia has built three businesses worth over half a billion pounds and currently runs an accelerator focusing on increasing happiness in the workplace.
But before all that, he founded a company called Mobi RF, which failed. The idea behind the company was to allow anyone with a smartphone to start selling their photos to businesses, like iStock or Getty Images for your smartphone.
Jay had this spark of inspiration back in 2012 when Instagram was taking off and everyone was taking more and more photos on their phone. His confidence skyrocketed when he spoke to the Founder of iStock who told him the idea was incredible and that he wished he’d thought of it. He quit his six-figure job in finance and bootstrapped the company with his brother.
What went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
Sponsor links:
quickbooks.co.uk/secretleaders
If you want to hear more from Jay, he's got his own podcast 'Happy Millionaire'.
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11:2520/10/2022
How I failed: Not knowing when to accept defeat, with Mark Joseph
Before Mark Joseph founded his current marketing agency, Vouch Global, he experienced failure with another agency called Testify Digital. Their clients included brands like Universal, Wonderbra, Shock Absorber and Lenovo. He loved the projects they came up with, including the world’s first award judged on social media for the Mobo Awards. They got to £1m in revenue and Mark ran the company for five years before he reached the point where he felt he had to walk away.
So, what went wrong? Listen to find out.
If you have any feedback, we’d love to hear it. What would make the show better?
[email protected]
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11:5613/10/2022
How I failed: Good options but not enough focus, with Yorkshire Meatball Co Founder Gareth Atkinson
Gareth Atkinson launched the Yorkshire Meatball Company in 2014 with his father after they recognised a gap in the market for a premium meatball product. They opened a restaurant in Harrogate, won awards, were listed as one of the UK’s top 100 startups, and ended up being stocked in 300 supermarkets across the country. Like all good entrepreneurs, they’d even built a brand that had the potential and scope to stretch into other markets.
So what went wrong? Listen to find out.
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14:3806/10/2022
Improbable: Inside the UK’s most secretive unicorn, with Co-Founder Herman Narula
How do you build a metaverse?
Long before Facebook changed to Meta, Improbable, a British game and technology company, was working on the idea of a kind of metaverse, even if they didn’t call it that. Now, they are at the forefront of making virtual worlds (where you can go to work, socialise, have experiences) a reality.
Improbable was born in 2012 after Herman Narula met Co-Founder Rob Whitehead whilst they were both studying computer science at Cambridge University. They had a dream: they loved computer games and wanted to go live there. They spent over a decade working on how to do that and became a unicorn without anyone really knowing what they did.
But it’s not all about entertainment, they also have another side of their business that has applications in defence and public policy. They build models of real world countries which can be used to solve a whole host of problems; from what would happen if a particular response to coronavirus is implemented, to how climate change might require the electrification of a grid.
Herman is obviously a key part of the company’s success but he doesn’t want it to be all about him and warns against falling into the trap of the cult of personality such as that of Elon Musk. Instead, he says, if you are building an ambitious company, you need to be able to be open to failure and understand your limitations. And, he says, they have made many mistakes over the past decade but they were lucky because they were funded at a time when people could invest in technology companies that didn’t have a business model.
Listen to find out why young tech companies that are looking to grow now shouldn’t expect the same luck; how virtual worlds will change the way we live our lives entirely; and why he says that the era of consolidated monopolies, such as Google, Facebook and Amazon, may be coming to an end.
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54:1904/10/2022
How I failed: On the cusp of greatness when everything falls apart with Flash Pack Founder Radha Vyas
Would you fight for your business even after you’d put it into administration?
Radha Vyas co-founded Flash Pack, an adventure holiday company, with her husband Lee, after realising there was an untapped market for solo entrepreneurs in their thirties and forties. They slowly built their company and were just entering an exciting first fundraising round when the pandemic hit, decimating their company and the entire travel industry. They had to put the company into administration but then were offered a ray of hope which meant they might be able to get their business back.
What happened next? Listen to find out.
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17:0829/09/2022
Dan Murray-Serter, Chapter 4: How to cross the chasm from idea to product
You want to launch a new product. But how do you decide on exactly what you’re going to develop? How do you build a community when you don’t have anything to sell them? How do you test demand? These are important questions that Dan Murray-Serter, the usual host of Secret Leaders, will be answering this week.
This is the fourth chapter in our semi-regular series with Dan where we put him in the hot seat. If you haven’t listened to the previous three it’s worth doing that now because you’ll understand more about what he talks about in this episode.
Dan is a founder himself. His day job is running his VC-backed company Heights. For this episode we are going back to the beginning of Heights. Well, actually, before the beginning, because whilst Heights is now a braincare supplement company, it didn’t start out as one.
After the failure of their previous company in 2018, Dan and his co-founder Joel decided they wanted to focus on building a consumer goods company in the mental health field. They knew where they were pointing roughly and they were in the rare situation where they had money left over from their previous business, essentially their seed money. But how do you get from there to a product that people love?
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46:2427/09/2022
How I Failed: Unable to keep staff, with Founder Hayden Bloomfield
Do you struggle to maintain good relationships with your employees?
Hayden Bloomfield managed to grow his grounds maintenance company during the pandemic. At its height, it had a team of ten and was turning over £25,000 - £30,000 a month. But during a period of two years, Hayden went through thirty members of staff. He couldn’t focus on building the big picture because he regularly had to cover some staff not turning up for work. Why couldn’t he stop his staff from leaving?
Listen to find out.
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12:3322/09/2022
Fiverr: “Stop focusing on f*cking valuations, they mean nothing!” says Co-Founder Micha Kaufman
Micha Kaufman is the Co-Founder and CEO of Fiverr, the global online marketplace for freelancers. Let’s say you’re a designer. You can list your services and display your portfolio. And then companies who want stuff designed like a new website can find you and hire you to do the work.
It's called Fiverr because at the beginning all the tasks cost 5 dollars. Though the pricing has changed, the name has stayed and the platform is currently used by 4.2 million customers in 160 countries worldwide. The company launched in 2010 but Micha was committed to growing it organically so spent nothing on marketing for the first five or six years.
And that is even more incredible when you think that Fiverr, which went public in 2019, has a current market cap of just under 1.4 billion dollars and revenue of over 160 million dollars this year so far. Micha says it’s three times larger than it was when it floated. But during the pandemic, they skyrocketed to a market cap of 11 billion dollars….yeah, we get into that period!
As well as that, Micha tells me how being featured on Yahoo nearly ended Fiverr when it first launched; why he says their success is down to luck, and much more.
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51:3520/09/2022
How I failed: The danger of doing business with friends, with Footlights Founder Jo Fisher
Would you go into business with a friend?
Jo Fisher is the Founder and CEO of Footlights, a performing arts company, which has 17 franchises and works with schools across the north of England.
She got into business at a ridiculously young age. As a young child she used to sit in the entrance to her house and sell items her neighbours no longer wanted to make money for sweets. She left school at 14 to work full-time and launched her first business, an underwear business, when she was just 18. When it started to grow she decided to bring in her best friend as a partner…and that’s when things started to go wrong.
What happened? Listen to find out.
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12:5615/09/2022
The Newsette's Daniella Pierson on how to prove your haters wrong
Daniella Pierson is the CEO and Founder of the Newsette, a women-focused newsletter which she started when she was at university at just 19 years old. Now 27, she was recently named by Forbes as one of the wealthiest women of colour in the United States.
The newsletter now has more than 500,000 subscribers, whilst revenue grew from $1million in 2019 to $40 million in 2021. Within the company she also started a creative agency, Newland, which works with Fortune 500 brands. According to Inc., the Newsette is the16th most successful company in America, based on its growth over the last three years of over 16,000%.
Last year, Daniella, who has ADHD, OCD, and depression, co-founded mental health company Wondermind with Selena Gomez and Selena’s mother Mandy Teefey. It was recently valued at 100 million dollars.
But Daniella did not grow up believing she could make it as an entrepreneur. She used all the ways people brought her down to fuel her desire to make her business a success but says there were many times she nearly didn’t make it.
Find out how she did it.
*This episode contains references to suicidal thoughts. If you or someone you know is affected by these or other issues Daniella speaks about you can get help in the UK by visiting samaritans.org*
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56:0613/09/2022
How I failed: “When people try to take things off you, you gotta fight back!” with Natterjack Whisky Founder Aidan Mehigan
For this episode of ‘How I Failed’ we follow the story of Aidan Mehigan’s fight to save his business, as it happened. We first spoke to Aidan earlier this year when he was in the middle of a fundraise and court battle to keep control of his whisky business. When growing his company in 2018, Natterjack Whisky, Aidan had taken out a convertible loan note to fund his business. Then Covid hit, by the end of 2021, cash was low, their sales were almost non-existent on the international market and the Irish market just wasn’t big enough to support them.
The convertible loan note holder wanted their money, and Aidan couldn’t pay it back…
What happened? Listen to find out.
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16:0708/09/2022
THIS Co-Founder shares secret to making plant-based food that doesn’t suck - Andy Shovel
THIS is currently the fastest-growing meat alternative brand in the UK. After launching in 2019, it was recently valued at £150 million. But Co-Founders Andy Shovel and Pete Sharman didn’t always want to help people eat less meat. In fact, before THIS they ran a successful beef burger company.
Andy knew he wanted to be an entrepreneur from a young age and sold his first business at 21. But far from feeling proud of himself, he really struggled. He hardly left his room for three weeks. Surrounded by friends in stable jobs, he felt lonely, scared that he didn’t know what to do next. A chance visit to a new restaurant startup gave him the direction he needed, he would go into the “rock and roll” world of food.
THIS definitely pushes the boundaries. Their early traction, says Andy, came from their PR stunts. In 2021, they did a takeover of the town of Quorn, rumoured to be where the meat-free brand, their main competitor, got its name from. THIS sponsored the football team, the pubs, the bingo hall…even the branded paper in the fish and chip shop. They’ve done a deep-fake of the Queen’s speech and got an Ed Sheeran look-alike to hand out chicken nuggets. But not all campaigns have gone to plan…one stunt saw Special Branch raid their offices and Andy almost taken away!
Find out why and what Andy has learnt as a people leader taking a business from £0 to £17 million in revenue in three years.
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58:5406/09/2022
What it was really like building Apple with Steve Jobs, with Founder & CEO of FNDR James Vincent
James Vincent has helped develop brands for some of the biggest companies in the world. For 11 years he met Steve Jobs every week to come up with some of the iconic campaigns for Apple’s products. And then to launch the very first iPhone, James started Media Arts Lab, Apple’s exclusive brand agency, along with Lee Clow and other co-founders, which he ran for over eight years.
For someone who had a big part to play in constructing Apple’s narrative, James Vincent is a relatively unknown figure. Maybe because he hasn't ever really put himself in the spotlight. He can be pretty self-deprecating about his career but he’s helped some absolute icons. As well as Steve Jobs, he’s worked with Brian Chesky at AirBnB and in his most recent company FNDR he’s working with the next generation of unicorns. Clients have included Evan Spiegal at Snapchap and José Neves at Farfetch.
Find out how a young boy from Sheffield ended up in the inner circle of some of the world's most iconic brands.
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01:11:5930/08/2022
SumUp: how to stumble into building an €8b company, with Co-Founder Marc-Alexander Christ
How much of your success is down to luck?
Marc-Alexander Christ is the Co-Founder of SumUp, which was recently valued at €8b. He says being in the right place at the right time was a big factor in him starting the company.
SumUp is a fintech best known for supplying card readers to small businesses so they can take payments. You may have seen them, and have probably used them because they work with over four million merchants worldwide.
It hasn’t always gone their way though. As well as some early mistakes that could have proved fatal, they were initially hit hard by the pandemic, which saw their revenue drop around 80% almost overnight.
Find out how they managed to adapt and how Marc says you can make the most of the luck you get dealt in life.
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51:5323/08/2022
Octopus Energy: how to run a massive company with no HR function, with Founder and CEO Greg Jackson
Greg Jackson started Octopus Energy, a green energy supplier, in 2015. Since then it has enjoyed huge growth. It is now the fourth largest energy retailer in the UK, supplying over 3 million homes in the country, as well as homes in Germany, the USA, Japan, Spain, Italy, France and New Zealand. They were valued at nearly 5 billion dollars at the end of 2021.
Greg is clearly passionate about climate change and says he went into business to drive change. Octopus Energy is a fascinating business, not only because of its growth in a highly competitive industry but also because Greg has rejected traditional business structures. Despite having three and a half thousand staff, Octopus Energy has no HR department.
Listen to find out why he wanted to create a completely new organisational structure; how that system coped when an unprecedented event like the pandemic happened; and what is it like being the CEO of an energy supplier during an energy crisis.
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47:5616/08/2022
Little Moons: how to become an overnight success - in 12 years, with Co-Founder Vivien Wong
Going viral is something many businesses would kill for but having to scale up your business to meet rocketing demand is not easy.
Little Moons makes mochi ice cream, a type of Japanese rice cake with an ice cream filling. Vivien Wong co-founded the business with her brother in 2010 after spending two years developing the product with her father in her parents' bakery. Over the next decade the company grew steadily and surely, until the company went viral on TikTok during the pandemic and sales suddenly rocketed. However, after being hit by supply chain woes and Brexit, they had hardly any stock left to meet the demand.
Listen to find out how they got through it and grew their revenue from 7 to 27 million in just two years.
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48:3709/08/2022
How I failed: Launching a website no one visited with Founder Chris Donnelly
Last year Chris sold a creative marketing agency he’d founded called Verb and he’s now the Co-Founder of Lottie, which just raised £6 million on a £45 million valuation.
But before these successes, he experienced failure with his website the Real Uni Guide, which aimed to match students with the right universities for them. Along with his co-founder brother, he spent over a year building the website but when they launched, hardly anyone visited.
Find out what happened and what Chris learnt from this failure that defined his career.
If you have any feedback, we’d love to hear it. What would make the show better?
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13:1004/08/2022
Sweatcoin: how to turn your worst moments into your best, with Co-Founder Oleg Fomenko
What makes you want to exercise? Would you do it more if you were paid to do it?
Oleg Fomenko thinks we aren’t naturally disposed to want to exercise, that we have evolved to preserve our store of calories rather than spend them. So, he built Sweatcoin, along with his Co-Founder Anton Derlyatka, an app that will literally pay you for taking steps outside. Specifically it will pay you a certain amount of ‘sweatcoin’ for every thousand steps you take. This digital currency can then be switched for products, as well as their new cryptocurrency, SWEAT.
Oleg came up with Sweatcoin in 2015 when he was struggling to find the motivation to exercise after his startup, a music streaming service called Bloom.fm, suddenly went under. Recovering from the end of that company also led him to a key realisation that he says is important for every entrepreneur to know. And it must work, because Sweatcoin is growing fast. It currently has over 100 millions users, and has no signs of slowing down.
Listen to find out: how the current war in Ukraine is affecting him as a Russian-born entrepreneur; why cryptocurrencies are going to change the face of Sweatcoin; and what advice he would give to other entrepreneurs that want to replicate his success.
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58:2402/08/2022
How I failed: the gym business which went under, with Shares Co-Founder Benjamin Chemla
Benjamin Chemla has been an entrepreneur for over a decade. He co-founded the massive on-demand delivery service Stuart in 2015 and currently he is the Co-Founder and CEO of Shares, a just-launched app which makes investing a social experience.
But between his successes, there was a high profile failure. Benjamin founded a group of gyms in New York City called Fithouse in 2017. Everything started great, classes running on everything from yoga to boxing. Investors had put up $10 million and he was turning a profit. But then came the pandemic…
Find out what happened next and why Benjamin decided it was better to walk away than stay and fight.
If you have any feedback, we’d love to hear it. What would make the show better?
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13:3028/07/2022
Fanbytes: from growing up poor to selling for millions at 27, with Co-Founder Timothy Armoo
What were you doing at 17?
When he was that age, Timothy Armoo had already sold his first startup. Now 27, he has just sold his second startup, Fanbytes, a social media and influencer marketing agency, to digital advertising company, Brainlabs, for eight figures.
Timothy, or Timo as he is known, grew up on a council estate in Hackney and it was the realisation that he was poor when he was a teenager that motivated him to become an entrepreneur. He started Fanbytes with his co-founders in 2017 and the company, which connects social media influencers to big brands, has gone on to employ 65 people.
Part of the work Fanbytes does, finding up-and-coming influencers, is done by its algorithm, built by Co-Founder Ambrose Cooke - meaning that Fanbytes can sign potential talent before anyone else.
We talked about:
What happened after he lost almost half the money he got selling his first business in just three months
What a lead gangster told him that helped him as an entrepreneur
How the death of his father in his early twenties was a pivotal moment in deciding how he was going to grow Fanbytes
How he doesn’t feel his next business has to be bigger than his previous one
What advice he has for other young entrepreneurs…you might be surprised by what he says!
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56:3126/07/2022
How I failed: not able to pay suppliers, staff or my mortgage with Founder Matt Jones
Finding investment is a necessity for many entrepreneurs, but things don’t always work out the way they're supposed to.
Matt Jones started his business Rubix Advertising in 2009, with the help of an investor. It started well and the business, a full service media advertising company, grew quickly. But only two years later, Matt had to close his business down.
What happened? And how did he turn that failure into a seven figure success story?
Listen to find out.
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13:2321/07/2022
The man who predicted the rise of the influencer, with Gleam Futures Founder Dom Smales
Dom Smales is the exited Founder of Gleam Futures, which was one of the first social media talent agencies in the world - and the first in the UK.
When Gleam was founded back in 2010, influencers weren’t even a thing, but Dom saw the potential power bloggers could have. He went on to play a big part in the rise of the first Youtube stars, like Zoe Sugg, better known as Zoella; Tanya Burr; and the Pixiwoo sisters, Sam and Nicola Chapman.
Dom exited in 2020 but it wasn't what he thought it would be.
We talk about:
What it was like being the agent for the UK’s biggest social media stars
His tips on how to manage a successful exit, Dom left the company in 2021
Why selling your company might not be all you hope for
What he really thinks of the influencer industry today
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47:1019/07/2022
How I failed: “I didn’t actually believe in the business, I just wanted to work for myself”, with Founder Amelia Sordell
Today, Amelia Sordell runs a booming personal branding agency called Klowt, but back in 2015, aged 21, she had just founded Eitherside, a fashion brand for women who wanted to dress up for a night out - but without the luxury price tag.
Only eight months after starting the company, Amelia was faced with taking out a loan she would have to personally guarantee, or shutting it down. She chose the latter.
Listen to find out what went wrong, and how she finally overcame that failure after nearly ten years.
...
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13:1114/07/2022
Dan Murray-Serter, Chapter 3: ‘I’d decided life was meaningless’ - my battle with bulimia, anxiety, depression and insomnia
You wouldn’t sign up for a terrible experience but they’re a breeding ground for the best stories, and the most personal growth. It’s no different for today’s guest and the usual host of Secret Leaders, Dan Murray-Serter, who opens up about his biggest traumas… which became the biggest turning points in his life.
This is the third chapter in our semi-regular series with Dan. If you haven’t listened to the first or second it’s worth doing that now because you’ll understand the periods he’s talking about in this episode.
Dan today has become pretty synonymous with the mental health space. His VC backed startup Heights is trying to create a new category of braincare - but he wasn’t always like this. In fact, he didn’t even think he had mental health issues despite having had a shopping list of problems over the years. When the penny dropped for Dan, it dropped hard.
Find out what Dan went through - and what he learnt about how to spend your time on this earth.
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52:2812/07/2022
How I failed: “We were so convinced that we were among the few that would make it to IPO”, with multi-exit entrepreneur Touraj Parang
Touraj Parang today has multiple exits under his belt, has sat on both sides of the deal table - and has written a book literally called "Exit Path: How to Win the Startup End Game". But the reason he’s become such an authority on exits is what we’re discussing today - his failed startup Jaxtr.
Jaxtr was a way to make phone calls over the internet in the period 2005 - 2009, before stuff like Whatsapp calling was really a thing. They’d done really well according to some metrics - they had 10 million users but then their world collapsed.
Find out what happened and what Touraj learnt from it.
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13:2307/07/2022
GoHenry: Creating a new category with other parents after kids racked up bills, with Co-Founder & COO Louise Hill
Louise Hill is the Co-Founder and COO of GoHenry, a debit card and financial education app for children which has two million users. The starting point for Louise was noticing her kids buying stuff on iTunes without her permission. She then found out other children were spending money on all sorts of things without them or their parents realising it. So, after chatting with two dads whose kids went to the same school, they decided to do something about it.
This is the story of how Louise turned GoHenry into a category creator - and they’re now taking on the US.
We talk about:
The difference between an entrepreneur and not
The problem with children and money
The origin story of GoHenry
What she learnt from her first startup failure
How she met her two co-founders
The last woman standing
Handling pressure
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47:3305/07/2022
How I failed: “I didn’t want to tell them I’ve reached the end of my rope”, with journalist Emma Gunavardhana
Emma Gunavardhana, or Emma Guns as she’s often known started her career with a bang. She landed her dream job early doors - editing OK Magazine back when that was a really big deal. But when she left the comfort of that job to make it as a solopreneur, everything went to pot.
Wind forward four years and Emma was at her lowest ebb, considering selling her car and moving back in with her parents at the age of 38 - a has-been who couldn’t make it in London.
Find out what happened and what she learnt is the key to pulling yourself out of the abyss.
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12:5230/06/2022
What3Words: Why an injury can be the best thing to happen to you, with Co-Founder & CEO Chris Sheldrick
We normally can’t see it at the time but bad things often play a critical role in good things happening. As Steve Jobs famously said, it’ll make sense looking backwards. This is exactly what happened to Chris Sheldrick who had plans to be a professional bassoonist but a freak injury changed the course of life.
Chris is now the Co-Founder and CEO of What3Words, an alarmingly simple solution to a complex problem you didn’t know we had - addresses.
Lots of places don’t have addresses - like a barge on a canal, or a spot on a mountainside. This makes it difficult to deliver or do things at those addresses so Chris’s solution was to turn the world into 57 trillion 3-metre squares and give each of those squares a three word name, e.g. house, dog, car.
But it’s one thing haven’t a genius idea. It’s another thing executing on it. Find out how Chris has done it.
We talk about:
Why a young kid would play the bassoon
How sleepwalking can go wrong
Why being polarising is good
How to raise funds
Using What3Words to help in disasters
The business model
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Sponsors
Vorboss - get better internet: https://vorboss.com/secretleaders
Vanta - get 20% off security certifications like ISO27001 and SOC2: https://vanta.com/secretleaders
Vertice - save on your SaaS or cloud spend ($5k off or a free benchmark) using the code secretleaders: https://www.vertice.one/l/secretleaders
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46:3828/06/2022
How I failed: short-form video platform that got crushed by TikTok, with Jess Butcher MBE
Ok, ok - it’s not all about your name or your competitors - but Jess Butcher was kicking herself when she came across TikTok shortly after launching Tick.Done. with her Co-Founders in 2018.
Tick.Done. was also a short form video platform which made things confusing. Jess’s friends regularly congratulated her on her success, only for Jess to admit that TikTok, the thing they were hearing about everywhere, wasn’t her business. And pretty quickly it was the end for them.
Jess is a legend - you just want to talk to her - and she’s a top entrepreneur. But this is her failure story. Find out what happened and what she learnt from it.
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13:1123/06/2022
How I failed: the non-alcoholic drink which got pulled from the shelves, with Richard Clark, Founder of Drynks
Richard Clark is now the Founder and MD of Drynks, a non-alcoholic drinks business which raised money on Dragons Den and is growing strongly. But a few years ago he launched another non alcoholic drink, Iron Press, which had a very different outcome.
Having enjoyed huge success at Halewood International with Crabbie’s Ginger Beer, Richard and his team found it easy to get into retailers, but it was then the problems started.
Find out what went wrong and what he learnt from it.
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11:5816/06/2022
How I failed: 37 jobs by the age of 24, with Krisi Smith, Founder of Bird & Blend
We’ve all made mistakes. Many of us have had short-lived jobs. And many of us have been fired. But getting through 37 jobs by the time you’re 24 is quite a haul.
That’s what happened to Krisi Smith, the Founder of Bird & Blend, a booming tea company. But before she found her groove, she found she couldn’t hold down a job.
This is the story of what happened and what she learnt from it.
...
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11:0709/06/2022