There comes a time in every entrepreneur’s career when you need to go all-in — burn the ships and not give yourself anything to fall back on. Yes, this is hard. Yes, this is probably not how you were taught to act. But it’s essential.
Today’s guest is a 24-year old entrepreneur from Utah who believes that most entrepreneurs fail due to not being determined enough. This guy has determination.
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He moved to Silicon Valley in search of funding, without any money or connections. He lived out of his Honda Civic, showered at the YMCA and worked at a co-working facility. All this while knocking on doors to get funding — and he got it.
Grasswire — his startup — is the newsroom of the internet. It lets everyone create collaborative news reports by voting on and fact checking social media content for a breaking story.
Let’s hack Austen Allred.
What you will learn in this episode:
- The first thing you need to do in order to raise money for your startup
- Why entrepreneurship is largely a matter of determination
- Austen doesn’t think it’s about that he lived in a car. It’s that he was willing to live in a car.
- Why you don’t need much money, or any money, to get started