Episode 94: Surviving a Startup with Captain Hoff

<p><i><strong>For Episode 94 of the Wealth On Any Income Podcast, Rennie is joined by Steve Hoffman. Steve, also known as Captain Hoff, is the Chairman and CEO of Founders Space, a global innovation hub for entrepreneurs, corporations, and investors, with over 50 partners in 22 countries.</strong></i></p><p>Steve is also a venture investor, founder of three venture-backed and two bootstrapped startups, and author of several award-winning books - including <i>Surviving a Startup</i>. Steve also served on the Board of Governors of the New Media Council and was a founding member of the Academy of Television’s Interactive Media Group.</p><p><strong>In this episode, Rennie and Steve cover:</strong></p><p>02:09 Why he is called Captain Hoff (his gamer handle) at his company Founders Space.</p><p>02:47 Why Steve loves funding, mentoring, and educating entrepreneurs.</p><p>04:27 Steve’s favorite cause - stopping human trafficking.</p><p>06:00 What Steve’s biggest failure was in developing a new product and what he learned from it.</p><p>08:50 The typical feelings his clients experience and why he wrote <i>Surviving a Startup.</i></p><p>10:13 Why you can never communicate too much with your employees or your family.</p><p>12:48 Why oftentimes the idea for the business doesn’t matter and some examples of how a successful idea for a business comes when mapping your idea to what people need in the real world.</p><p>16:29 A case study of someone Steve has worked with and her amazing results.</p><p>18:12 How to get Steve’s 10 Commandments to Raise Venture Capital - <a href="https://foundersspace.com/ten" target="_blank">foundersspace.com/ten</a></p><p>18:51 The qualities Steve believes makes a great entrepreneur.</p><p><strong>Watch Steve’s Free video: The Ten Commandments of Raising Venture Capital at</strong><br /><a href="https://www.foundersspace.com/ten/" target="_blank"><strong>https://www.foundersspace.com/ten/</strong></a></p><p><strong>To learn more about Steve visit </strong><a href="https://www.foundersspace.com/hof