In this episode, Brock talks with Jake Dulle. Jake is a former Navy submarine officer and now currently the CEO of Localvest, a marketplace to bring together veterans looking for funding for their small business and investors. In this episode Jake talks through how he found himself in the position of looking to make private investments, why he explicitly invests in veteran founders, and what they're building at Localvest to help get veteran businesses funded.
Episode Resources:
Show Notes:
Veteran-led businesses and networking. 0:00
Where military experience fits into post service networking. 6:37
Investing in veteran-led businesses and building trust. 9:43
Trust and intentions in veteran-related initiatives. 15:09
Jake's background and joining Localvest. 17:49
Places veterans can go to get funding. 23:09
Investment strategies and asset classes for an accredited investor. 27:23
What opportunities are exciting to Jake today. 34:49
Entrepreneurship and risk-taking in the US. 40:19
The importance of making the first sale. 45:11
Entrepreneurship, excuses, and execution. 50:52
Why side hustles can help vets through transition beyond just something to stay busy. 54:22
Overcoming procrastination and taking action in business. 58:07
Monetizing a platform for investment opportunities. 1:08:57
Challenges in creating a dual-sided marketplace. 1:13:28
Why venture is probably not the answer 1:15:35
Finding new words for lifestyle businesses. 1:21:30
How to start your comms plan to raise. 1:31:17
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The Scuttlebutt Podcast - The podcast for veteran owned businesses. Show host, Brock Briggs, talks with veteran owners and operators about specific tactics they're using to start, buy, and grow business. Get the tactics, templates, and case studies from the conversations for free at https://www.scuttlebuttpodcast.co/.
