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Timo Boldt

πŸ‘€ Speaker
953 total appearances
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Appearances Over Time

Podcast Appearances

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

So I definitely feel like I played the game on hard motors for like 13 years now.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And it's been like the hardest, fresh food, shipping it across the entire country, building supply chains, building AI.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

We have 17 AI products that power everything, physical factories, hundreds of people working in a physical cold environment, packing stuff.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

marketing teams, finance teams, you name it.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

You can't be good at two things.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

You have to be great at like seven things, whereas the world is telling you to double down on one thing.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And so, yeah, it's about high standards.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

It's about really kind of embracing complexity.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Now I see kind of the complexity, the vertical integration as our moat and our opportunity to like, you know, squeeze value for the customer and really deliver for the customer in a way no one else can.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And so we have the world's kind of leading proposition in our space, the most choice, shortest lead time, best price point.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

But we really had to fight for this.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And on the way to where we are now, you know, we had to raise hundreds of millions of pounds to make this a reality.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

There we go.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

I think... So I invested my life savings, you know, not much, but I managed to invest like Β£70,000 safe from working in finance.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

All I had left like the tiniest amount to just survive.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

And then, you know, we raised from friends and family.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

Back then...

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

I didn't know a single VC fund.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

I didn't know what VC funds do.

The Entrepreneur Experiment
EE505 - Mentor Moment: Timo Boldt: Why Great Businesses Embrace Complexity

I didn't know professional angel investors.

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