Episode
Ep 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
39:20
Published: Thu Sep 25 2014
Description
Part 2 of 3.Tracy DiNunzio is a killer. She's the self-taught founder and CEO of Tradesy.com, which has taken off like a rocket ship. She's raised $13 million from investors including Richard Branson, Kleiner Perkins, and yours truly, and board members include the legendary John Doerr. Tradesy is on a mission to make the resale value of anything you own available on demand. Their tagline is "cash in on your closet."Tracy is in the trenches 24/7, making it the perfect time to ask her... How has she created such high-velocity growth? How did she recruit the investors she did? What's been her experience as a female founder? What are her biggest mistakes made and lessons learned? This multi-part series, fueled by wine, will answer all this and more. Even if you have no desire to start your own company, this 3-part series will get you amped to do big things.This series is brought to you by the Tim Ferriss Book Club at www.audible.com/timsbooks***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapters
Tim Ferriss tells listeners about his weekly email newsletter, Five Bullet Friday, which features short and exciting bullet points of things he has found around the world, including apps, gadgets, tricks, and more.
00:00 - 01:37 (01:37)
Summary
Tim Ferriss tells listeners about his weekly email newsletter, Five Bullet Friday, which features short and exciting bullet points of things he has found around the world, including apps, gadgets, tricks, and more.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
The founder reflects on the early days of Athletic Greens and giving away six percent of the company for $50,000.
01:37 - 06:01 (04:24)
Summary
The founder reflects on the early days of Athletic Greens and giving away six percent of the company for $50,000. Athletic Greens is currently offering a special promotion for a free vitamin D supplement and five travel packs with a subscription purchase.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
Start with pitching investors you are not interested in getting funding from, as it will help you practice and improve your pitch.
06:01 - 13:48 (07:46)
Summary
Start with pitching investors you are not interested in getting funding from, as it will help you practice and improve your pitch. Sitting in a shared office space with other companies and having investors visit can also greatly benefit in making connections.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
When starting a pitch for a new business, it's important to have a clear and compelling vision for the future of the company.
13:48 - 18:51 (05:03)
Summary
When starting a pitch for a new business, it's important to have a clear and compelling vision for the future of the company. By identifying the key pieces of the story that will resonate with investors and customers, entrepreneurs can build excitement and increase their chances of success.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
The issue of platform fees and the need for a technical co-founder were concerns for prominent investors when the founder of a marketplace startup approached them.
18:52 - 22:56 (04:03)
Summary
The issue of platform fees and the need for a technical co-founder were concerns for prominent investors when the founder of a marketplace startup approached them. However, strategic decisions were made which eventually led to the success of the startup.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
The college education system has become nearly obsolete, even if it's from a top school, in many sectors today.
22:57 - 27:59 (05:02)
Summary
The college education system has become nearly obsolete, even if it's from a top school, in many sectors today. Accelerators struggle to determine which early stage companies will be successful, and there is much uncertainty in the process.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
The tech sector can have behavioral, lightly discriminatory actions towards women, though not overtly sexist.
27:59 - 37:21 (09:21)
Summary
The tech sector can have behavioral, lightly discriminatory actions towards women, though not overtly sexist. It is a difficult issue to address since it can be non-obvious and does a disservice to women, who are hired just to improve diversity numbers.
EpisodeEp 31: Tracy DiNunzio (Part 2), Founder of Tradesy, on Rapid Growth and Rapid Learning
PodcastThe Tim Ferriss Show
The pipeline problem in STEM industries often happens because of societal and cultural influences on young girls as they develop their interests.
37:21 - 39:13 (01:52)
Summary
The pipeline problem in STEM industries often happens because of societal and cultural influences on young girls as they develop their interests. However, it is encouraging to see a shift in raising young women to be technical and interdisciplinary.