Anthony Iannarino – Startups Need Strong Execution Skills

BIO: Anthony Iannarino is a writer, a speaker, an entrepreneur, and an author of three books. STORY: Anthony invested $1,200,000 in two brothers working on a revolutionary nanoparticles project. When they needed more money, he found the brothers a good investor, but they decided to go with another who required them to move from their hometown. Halfway through the project, the brothers decided they didn’t want to work on it anymore and moved back home, killing the project. LEARNING: When getting into a high-stakes investment, have a solid contract that makes you part of the decision-makers.   “Whenever you go into an investment, you’re not betting on the horse; you’re betting on the jockey.”Anthony Iannarino  Guest profilehttps://www.linkedin.com/in/iannarino/ (Anthony Iannarino) is a writer, a speaker, an entrepreneur, and an author of three books on sales; https://amzn.to/3rwUtW7 (The Only Sales Guide You’ll Ever Need), https://amzn.to/3xNkmlJ (The Lost Art of Closing), and https://amzn.to/3dcUXZh (Eat Their Lunch). He writes and publishes every day at http://www.thesaleblog.com (www.thesaleblog.com). Worst investment everAnthony happened to know about two brothers who were working on a revolutionary project around nanoparticles. What they were doing with nanoparticles was something that no one else had been able to do. No one seemed to believe in their project, but Anthony did. His company invested $1,200,000 in the project, and they started building the equipment they needed. They realized that they needed more extensive equipment along the journey, which meant more money. Anthony’s company didn’t have the cash injection required, but they agreed to help the brothers find investors. Anthony found them a $10 billion company that would give them everything they needed for the projects. They would even provide them with a bridge loan to ensure that everything would be okay during the entire process. Unbeknownst to Anthony, the brothers talked to another person in northern Ohio who wanted to own