Cameron Herold
speaker
284 appearances
2 recordings
2 series
first heard Jan 2025
last heard Mar 2025
Cameron Herold’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, it's interesting. And my two boys are probably a little older than your kids. Mine are 21 and 23. So I'm still at that same stage of trying to, you know, my legacy project, right? Raising our kids and helping them get out the door as successful adults. I was raised as an entrepreneur. My father was an entrepreneur. Both sets of grandparents were entrepreneurs.
We grew up in a family where we were told having a job was a bad idea, having a job was a bad deal and that running your own business, you could actually have as much free time as you wanted to have a great life. And it was never about the money. It was always about having a free time and the money would always follow. So really, that's all we've ever done.
I mean, I've been the second in command for a couple of different companies, but I've been running my own business for 17 years. And then when I was 20 years old, I had 12 full-time employees in my first company already. So really, that was my journey. And then my brother and my sister and myself.
I did. I went to university. And while I was in university, I was on the university ski team for two years. I was the president of the first fraternity ever in the city of Ottawa. And I was running my own business from second year university. So in second, third and fourth year, I was running my own company with 12 to 16 employees for that full three year period.
So I didn't go to as many of my classes as I should have. And I realized pretty early on that I You know, back in those days, a degree mattered. If I was that age today, I wouldn't go. I really wouldn't go to university today. I would opt out. I would maybe apprentice with a few companies, but I would be out running my own business now.
And I wouldn't have the patience to sit in a classroom for four years. And I really struggle right now. My 21 year old son is already running his own company. He's making $6,000 a week profit running his own business. He's in fourth year university. doing an intern exchange in Singapore. And he, he even kind of looks at me going, dad, why am I doing this? I'm like, you know, you're so close.
Just check the box, get it done. But yeah, it's five Oh, and go at this point, just get 50%.
Not really.
Yeah. No, he's made the connections by doing a couple of internships. So he talked his way into a company called Grow Rev two years ago. It's about a 60 person ad agency out of Vancouver, Canada, worked there and made some good connections. Then did an internship in London in the UK and made some good connections and got some ideas on how to run his own company.
Yeah, he's made some connections, but I think he would have made connections as a 21-year-old hanging out with 21-year-olds doing internships at companies. As a Canadian, it's not as expensive. He's Canadian, so his university tuition is only $5,000 US a year. There's a better ROI off that than going to a US college where you're spending five, six times that.
I didn't even know that was awesome. I didn't know you could get better than a four. My wife has like a four. Yeah, you can't. I didn't know.
Yeah. But don't go get a general arts degree, right? A bachelor of art.
And I think for the normal person that wants to be an entrepreneur, yes, unless you can get into the Stanford and you can even get like a, maybe you can get like a scholarship to be there. That, that one might make sense. But if you're going to be an entrepreneur, I think you'd be better off going and apprenticing for four different companies, taking minimum wage.
And here's what my son did with his apprentice. He said, look, I'm going to work for you for free for four months. but I want to be able to sit in on finance meetings, marketing meetings, sales meetings, board meetings, leadership team meetings.
I want to sit in the corner of the room and I want you to allow me to observe stuff for two hours a day and work for six hours a day and I'll do it for free." And they said, yes. So he really came out of that with a real world MBA after four months. That's the style of learning that I think, and then go online, do online courses, watch videos. I think you can learn as much
as going to do a general VA.
Yeah. I gave him introductions to a number of different companies, but he set up his own interviews, set up his own videos. Yeah. I didn't say go hire my kid. He kind of talked his way in those doors for sure. But I definitely gave him some introductions. The one that he landed in the UK, he did all on his own.
He found a guy in the UK that ran a student promotions business, which is what he does in Montreal, and ran a digital marketing agency, sent the guy some videos, scraped a bunch of LinkedIn emails from this guy's entire leadership team, sent it off to 12 people at the company, and they said, look, hire this kid. So that was all him. Yeah.
Well, and Tim, you know, Tim Ferriss, I've been friends with Tim since 2008. Tim decided to not do his MBA because it was going to cost him $250,000 of actual cash and opportunity costs. So he earmarked $250,000 of his own money and invested $25,000 in 10 different companies back in 2008, 2009. as a way to get a board seat or an advisor seat or to be able to sit in the room.
So it was like, I'll invest 25,000 in Evernote, but let me come to some meetings. I'll invest 25,000 in Twitter, but let me come. So he bought his MBA by, so I think, no, I don't think it's too old. I think you should have to be creative, which is what Tim did.
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