In this episode, Brock talks with Jake Dulle. Jake is a former Navy submarine officer and now currently the CEO of Localvest, a marketplace to bring together veterans looking for funding for their small business and investors. In this episode Jake talks through how he found himself in the position of looking to make private investments, why he explicitly invests in veteran founders, and what they're building at Localvest to help get veteran businesses funded.
Episode Resources:
Jake on LinkedIn: https://www.linkedin.com/in/jake-dulle-b751094/
Localvest: https://localvest.com/
Show Notes:
00:00 Veteran-led businesses and networking
6:37 Where military experience fits into post service networking
9:43 Investing in veteran-led businesses and building trust
15:09 Trust and intentions in veteran-related initiatives
17:49 Jake's background and joining Localvest
23:09 Places veterans can go to get funding
27:23 Investment strategies and asset classes for an accredited investor
34:49 What opportunities are exciting to Jake today
40:19 Entrepreneurship and risk-taking in the US
45:11 The importance of making the first sale
50:52 Entrepreneurship, excuses, and execution
54:22 Why side hustles can help vets through transition beyond just something to stay busy
58:07 Overcoming procrastination and taking action in business
1:08:57 Monetizing a platform for investment opportunities
1:13:28 Challenges in creating a dual-sided marketplace
1:15:35 Why venture is probably not the answer
1:21:30 Finding new words for lifestyle businesses
1:31:17 How to start your comms plan to raise
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The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military.
The Scuttlebutt Podcast features discussions on lifestyle, careers, business, and resources for service members. Show host, Brock Briggs, talks with a special guest from the community committed to helping military members build a successful life, inside and outside the service.
Follow along:
• Episode & transcript: https://www.scuttlebuttpodcast.co/101-how-and-why-to-invest-in-veteran-founders-with-jake-dulle/
• Brock: https://www.brockbriggs.com/