Entrepreneurship & Venture Funding Lessons with Carey Ransom

Wealth Planning for the Modern Physician

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7M ago 43:46

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Listen in as David chats with Carey Ransom, a serial entrepreneur, venture capitalist and angel investor. Carey begins by explaining how growing up around a family business fostered his entrepreneurial streak.

Carey then discusses what initially captures his interest in an entrepreneurial venture and why he often is skeptical of founders who are in love with their solutions. He and David also spend time delving into the total addressable market (TAM) for a business and why Carey thinks it is imperative to cut that down realistically.

Next Carey tackles the topic of boards for startup companies, as he has served on many of them. He shares that, as a board member or investor, the #1 thing he looks for from the management team is how they learn and adjust.

David and Carey then discuss Bonus, one of the ventures Carey is involved with today.

Carey concludes with his big-picture advice to physicians who may be considering a jump into full-time or part-time entrepreneurial ventures.

Learn more and listen to this and past episodes by visiting www.physicianswealthpodcast.com.

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