Apr 6, 2023
#110: DC Palter - From Japan to Silicon Valley: A Unique Business Angel Journey
Unlock the secrets to startup success! Dive into an engaging conversation with DC Palter, a seasoned startup founder, CEO, and angel investor, as he shares invaluable insights and advice for CEOs and investors. Explore resilience, Japanese culture's impact on business, and innovative strategies. Don't miss out!
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Today’s speaker is DC Palter
📚 Book mentions in the episode:
To Kill a Unicorn
The Power Law
📖 Memorable Quotes:
(14:42) "We need to think outside the box, have a goal, a dream; sometimes it works out spectacularly, and a lot of times it doesn't, but we tried and that's the building blocks for the next one."
(42:23) "The number that's always quoted is “90% will fail”, but that doesn't mean fail outright. That means not succeeding as expected. About half of those will actually fail outright and give you no return, and then another four will give you something like your money back, maybe a little bit more, maybe a little bit less. So we call that a failure anyway, even though they haven't really completely failed."
(01:01:56) "You can have a really simple idea, but if you have a lot of customers for it, if you know how to market it and build up a brand name, you can make a lot of money – and that's what investors are looking for."
(1:27:57) "Marketing is about understanding the business, the market, and the customers, and becoming part of that community, so that customers find you."
(1:48:07) “Embrace resilience, for every day is a challenge. You may be familiar with the English expression, 'three steps forward, two steps back.' However, in the world of startups, it's more like taking three steps forward and 2.9 steps back. Indeed, each day is a roller coaster ride.”
(01:46) Tea Ceremony, Japanese Culture, and Shared Interests
(05:15) Who is Satoshi Nakamoto?
(06:39) Silicon Valley Life, Work, and Writing Experience
(07:22) Arnold Schwarzenegger and the Startup World
(13:00) Tesla's Success: Overcoming Skepticism in Electric Vehicles
(16:21) Theranos: Fake it Till You Make It
(20:04) The Valley of Death: Challenges in Raising Money for Hard Tech Startups
(24:42) Defining Financial Investor: Angel vs. Venture Capitalist
(29:03) Investing in Startups: Balancing Personal Interests and Group Expertise
(36:56) Uncovering succesThe Physician Syndicate: Angel Investing | Venture Capital | Startups | Personal Finance
The Physician Syndicate Podcast: A podcast for physicians to jump into the startup world.
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