This weekâ€™s Misfit Entrepreneur is Scott Lopez. Scott has an interesting background. He is a former Marine Corps fighter pilot turned Investment banker who works with early stage tech companies that need financing. He helps to get investments typically in the range of $1 million to $100 hundred millionâ€¦oh, and on top of that, he is a world champion in Brazilian Ju-jitsu and the host of his own podcast, the Disruptive Investor Radio show which highlights disruptive technology companies that could potentially change the world, as well as the professional investors that invest in those companies.
Scott has a unique perspective on what is on the cutting edge of tech and what investors are looking for in an investment pitch, so I wanted to have him on to share this with you for you to know which technology to look out for - as well as what you can do to wow investors if you are pitching your startup or company.
Scott started from humble beginnings as a welfare kid. He didnâ€™t have much growing up. He moved around a lot. He admits he had some issues with self-esteem. What helped him overcome this was joining the Marines. He spent 10 years in the Marine Corp as a fighter pilot and says that this helped him to find who he was and gain confidence in himself.
He then went on to get his MBA and worked with Starz and Charter Communications. He opened up a business in health care. Scott also started speaking and consulting. Because of his background in healthcare and success, he was able to start in investing in companies, such as medical device and others. This lead him to working with a hedge fund and ultimately to investment banking.
What have you learned about how to overcome obstacles and become mentally tough?
Your perspectives, beliefs, and consciousness (how you see yourself and your interactions with others) all impact who you are and your ability to succeed in life. Scott says that he as fortunate to attract great mentors into his life. He learned about modeling and the fact that â€œsuccess leaves cluesâ€ from Brian Tracy. Simply put, if you want to do something or learn something, you can find someone either in person, a book, video, or any other medium doing it and learn from them.
Scott recommends the book, â€œPsychological Foundations of Success by Steve J. Kraussâ€ that is a scientific process of mapping out a system to succeed.
What is the system/process?
Other advice to overcome and succeed in life?
How do you get rich?
If there is a problem, someone is going to find a solution and the bigger the problem, the bigger the opportunity â€“ and money you can make.
What trends are important in technology that we should be watching?
At the 21 min mark, Scott talks about a good strategy to decide if your idea will work before you ever start a company and then how to go forward with an exit strategy already in place.
At the 27 min mark, Scott discusses the investor side of things such as how investors and capital groups choose to invest and what you should know if you plan to seek investment or sale of your own business or startup.
Anything else we should know about the tech space?
What have you learned in all your work with Jujitsu and being a Marine Corps fighter pilot that translates well to entrepreneurship?
Advice for young or new entrepreneurs?
Best Quote: â€œDonâ€™t let â€œBestâ€ get in the way of â€œgood enoughâ€ when it comes to starting on your dreams.â€
Scott's Misfit 3: