Dave Lukas Chats with Jim Sherman and Catalina Daniels392: Smart Startup Secrets: Mastering Growth, Culture, and Innovation with James Sherman and Catalina Daniels
This week’s Misfit Entrepreneurs are Jim Sherman and Catalina Daniels. Jim and Catalina, studied entrepreneurship as classmates at Harvard Business School. Years later, after successfully founding and exiting several companies, and as angel investors in start-ups, they were surprised to realize that their experiences greatly differed from what they had been taught in school. Harvard provided a world-class education in the basics. But there was so much they learned the hard way—working in the trenches—that, looking back, they wished they’d known before starting up. So, they decided to help entrepreneurs on their journey by giving them to real world wisdom and advice needed to succeed in their best-selling book, “Smart Startups.” In the book they interview 18 Harvard graduates and entrepreneurs about their experiences founding companies such as Blue Apron, Rent the Runway, Gilt, and AdoreMe, learning what they discovered along the way and what they wish they had known beforehand. And because of their work and the way it has helped entrepreneurs, they have been featured in Fast Company, CNBC, Forbes, Bloomberg, Morning Brew, Entrepreneur Magazine just to name a few. Jim and Catalina, alone have an incredible amount of wisdom and experience in entrepreneurship to share, but with everything they learned in writing this book, I think I’m going to be pressed for time in getting all of the incredible information out of them in just one episode Smart Startups Book Show NotesJim and Catalina share their stories.
Jim became an accidental entrepreneur after consulting at Bain & Company and working in publishing at Time Inc. and Pearson. He helped launch Martha Stewart's first internet business, which led to opportunities in entrepreneurship. He became a serial entrepreneur, founding internet strategy consulting firm and Sherman's Travel. Catalina Initially was not inclined towards entrepreneurship and pursued a career at McKinsey & Company. She transitioned from McKinsey partner to co-founder of a startup after 15 years. She found her niche in entrepreneurship through investment opportunities and co-founding a startup. What are some of those qualities that you guys have found of entrepreneurs that entrepreneurs should either develop or have? Jim:
What are the three most important things from a startup standpoint that entrepreneurs should know to succeed? Jim:
The Light Bulb Moment is a Myth - Explain That…
What Are the Most Important Actions or Things for Entrepreneurs After Progressing from the Startup Stage?
Managing Cash Flow and Investing in the Business for Growth, best tips?
Jim:
Best Quote
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