Ryan Delk Jake

Ryan Delk on The Pod of Jake

Check out The Pod of Jake Podcast Episode Page

Key Takeaways

  • Build things that excite you
  • Relationships compound, choose co-workers you want to work for a decade
  • When fundraising, understand what’s a meaningful amount of money for each investor that will make them care and architect the fundraising round around that
  • “Raise money from people that you couldn’t hire but that you want to hire” – Ryan Delk
  • Strive to quickly build a self-sustaining company that doesn’t rely on venture capital
  • Don’t be afraid to send cold emails, but keep your emails short and direct

Intro

Home Schooling is On the Rise

  • Distance learning is gaining ground, more so because of COVID lockdowns
    • Many parents will stick with homeschooling post-COVID, because of the economical and academic benefits
    • That said, homeschooling in its current form isn’t suitable for all families, as both parents have to work in-person

The Home Schooling Experience

  • The internet makes it easier to follow a curriculum and figure out what to learn
  • Traditionally, parents were worried about the social aspects of homeschooling, but more homeschooled individuals are dismissing those worries
  • The challenge with homeschooling is to find projects, field trips, and activities for the kids
    • That said, it’s now easier to be part of many communities both online and offline

Primer

  • Primer brings together homeschoolers and parents of shared interests
    • Kids can join clubs and work on projects based on their interests
    • Additionally, parents can easily monitor what kids are working on (e.g. projects, curriculum, subjects, etc.)
  • Primer Navigator also outlines regulations per state
  • Investors in primer include Keith Rabois, Naval Ravikant, Balaji Srinivasan, Cyan Bannister, Erik Torenberg, Scott Belsky, Fred Ehrsam, Harry Stebbings, and David Perell

The Sharing Economy

  • Things that can be shared should be shared
    • We could all buy and own less stuff, share more, and have access to high-quality goods that we couldn’t otherwise afford
      • Imagine an Uber fleet of self-driving cars
    • The trick is finding out the economic and logistical model to make it work

On Building a Company

  • Relationships compound, choose co-workers you would want to work for for a decade
  • “Raise money from people that you couldn’t hire but that you want to hire” – Ryan Delk
    • Draw on their expertise and let them drive popularity for you
  • Strive to quickly build a self-sustaining company that doesn’t rely on venture capital

Getting Value From Investors

  • “I am a huge believer in having a few investors, at least 1, with a very concentrated stake in the company” – Ryan Delk
    • That said, the more successful the investor, the more the value you have to provide
  • Understand what’s a meaningful amount of money for each investor that will make them care and architect the fundraising round around that
    • Else, the investor may own more of other companies and end up spending time on those

Cold Emails

  • Don’t be afraid to send cold emails and explore the opportunities
  • People are busy, keep your emails short and direct
    • An example, “Hey Ryan, I have a podcast, I would love to have you on. We have 90,000 listeners and here is a link to our recent episode. Let me know if we can get 45 minutes booked in the next month”

Additional Notes

  • Build things that you are excited about
    • Similarly, as a parent, what would you like to see your kid work on
  • Experts are not always the best teachers
    • “The best NBA players aren’t the best coaches and the best coaches aren’t the best NBA players usually” – Ryan Delk
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Notes By Mostafa Khaled

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