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Ep 190: Taking the Risk out of Investing with Sean Tepper
In this week’s episode, Elzie talks with Sean Tepper who used his 15 years of software engineering experience to create his investment company, Tykr, which helps clients increase their returns in the stock market by using a rigorous algorithm to minimize risk. He discusses the importance of talking to your customers as you develop your product and explains the value in channel partner acquisition to grow the business through strategic partnerships with businesses who share the same audience. Sean also shares his thoughts on the importance of contract work for longer-term financial stability and the benefits to work-life balance.
Highlights:
03:37 I turned my attention to the stock market, the public market, in 2015 and that’s when I just got more realistic.
05:17 I started showing them the platform, what it can do, and they’re like “hey, you should consider turning that into a software to share with others.
07:00 You’ve got to find businesses that already serve your audience and then get attached to them.
07:41 Building a great product is number one, but two, it’s channel partners.
09:04 It really comes down to removing pride and emotion from the equation. You’re looking to provide value to a big business to learn how that business operates, but in return you’ll be compensated a steady paycheck.
15:00 If you’ve got an idea, talk to people. Talk to your customers, get their feedback, and you literally take their ideas and you just put them on paper.
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