Episode description
Episode description
Who Is Ryan?Ryan Begelman co-founded Summit Series, described as “TED meets Burning Man” & “The Davos of Gen Y” by Forbes
They’ve become known for hosting incredible events with thousands of leading creators like Richard Branson, Jeff Bezos & Jessica Alba. Summit acquired Powder Mountain, America’s largest ski resort after pre-selling the opportunity to their community.
Ryan also bought into Bisnow Media, became CEO & sold for a reported $50mil+, all without venture capital.
What You’ll Learn Part 1: Business Frameworks + Backstory
- Framework For Business Ideas – a technique to generate ideas: marketing, monetization + markets
- Bootstrapping + Buying A Mountain – how they pre-sold an idea to their community to buy a mountain for $50mil + why you should consider bootstrapping too
- Joint Venture Waterfalls – applying a concept from private equity to real estate + businesses
- Dealflow – four ways to think about generating deal flow: hunting, trapping, farming, trading
- Replacing Yourself – how to find, hire & train someone to replace you
Part 2: Holistic Entrepreneurship, Philosophy + Mental Fitness
- Redefining Wealthy + Holistic Entrepreneurship – creating a well-rounded, fun & meaningful life through entrepreneurship
- “Software For The Brain” – train your brain for mental fitness, developing awareness + neuroplasticity
- Practical Philosophy – concepts from greek philosophy, Buddhism & stoicism to help you be less reactive + less annoyed
- The Story of the Chinese Farmer – a parable about nature + grounding yourself in truth
- Ego – is wanting to leave an indelible mark on humanity a form of ego or something to strive for?
Time Stamps (YouTube)
- 00:00:00 Preview
- 00:01:54 Welcome
- 00:04:16 Summit Series
- 00:10:12 Buying A Mountain
- 00:12:18 Revenue & Size of Summit & Bisnow Sale
- 00:15:28 Holistic Entrepreneurship: The Trap of Venture Capital
- 00:22:43 Life Cycle of Real Estate Investing
- 00:25:34 Joint Venture Waterfalls
- 00:31:22 Business Idea Framework
- 00:34:42 Pickleball Example
- 00:41:01 Finding Trends
- 00:42:39 Dealflow: Hunting, Trapping, Farming, Trading
- 00:47:20 Hiring Someone to Replace You
- 00:50:43 Part 2: Mental Fitness, Philosophy & Holistic Entrepreneurship
- 00:58:16 Mindfulness
- 01:05:53 Developing Awareness
- 01:08:30 The Story of the Chinese Farmer
- 01:11:14 “Don’t Be the Tree Limbs, Be the Trunk”
- 01:14:12 Assumptions and Biases
- 01:17:02 Dropping Your Concept of Right and Wrong
- 01:18:48 Appeal of Stoicism: Controlling What You Can Control
- 01:22:56 Training Your Brain
- 01:24:36 Getting Out Of The Worst Phase Of Your Life
- 01:28:37 Relationships Aren’t for Happiness
- 01:32:11 Dealing with Ego
- 01:34:00 Training Himself To Complain Less
- 01:35:40 Is Making An Impact On The World Driven By Ego?
- 01:37:30 Avoiding Unsolicited Feedback
- 01:38:22 Alternative To Jumping To The Solve
- 01:39:13 Wrap-Up
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