OTS 243: Run an Experiment – Stephanie Sims

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Today’s guest helps entrepreneurs tell economic stories that make dollars…and sense.

After nearly a decade in investment banking and having worked with Goldman, Lehman, and CSFB on over $5 billion of transactions, she rode the high tech startup rollercoaster in Europe, complete with angels, venture capitalists, and the coveted exit to a publicly traded company.

She then founded Finance-Ability, which upends traditional capital raising methods by providing entrepreneurs with the knowledge, tools, and self-awareness to find the right kind of funding for their business. She  has educated and mentored hundreds of entrepreneurs across three continents and has helped her clients raise over $30 million dollars in early stage capital.

She is the host of “What’s Your Ask?” podcast where she talks to investors and entrepreneurs about the different ways they’ve asked and been asked for money, references, introductions and more. She is also the author of “Funding Your Business Without Selling Your Soul”.

Please join me in welcoming Stephanie Sims.

In this episode we discuss:

  • her thoughts on leadership: “Leadership is equal parts inspiration and risks/action-taking.”
  • how a bad decision by some students in her high school led her to organize an event for her graduating class and set her on a leadership path.
  • her history of getting involved in school and using that as an opportunity to learn more.
  • her initial dream of being a doctor and how a class in her summer camp saved her 10 years of her life and changed her career trajectory.
  • her keen observation skills while choosing a path in her career.
  • how her parents selling their business opened her eyes to launching a new business.
  • her observations about how people pivot and jump on opportunities during the pandemic.
  • how she encourages people to shift their mindset from “I’m going to take a risk” to “I’m going to run an experiment”.
  • how having multiple revenue streams serves entrepreneurs.
  • how she nurtures and sustains the outer layers of her network.

Listen, subscribe and read show notes at www.OnTheSchmooze.com – episode 243.