Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Timo Boldt

πŸ‘€ Speaker
953 total appearances
Voice ID

Voice Profile Active

This person's voice can be automatically recognized across podcast episodes using AI voice matching.

Voice samples: 1
Confidence: Medium

Appearances Over Time

Podcast Appearances

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

And so I had to convince friends, family, some people I knew from banking who had too much cash, invested 5K, 10K, small tickets.

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

We raised 100K initially.

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

And then we found these angels, CFO, COO of a massive food business.

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

And they, after like six months of negotiation, invested 250K.

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

And it felt like, you know, we made it.

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

250K, amazing.

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

But most importantly, they brought so much knowledge to the operation, the supply chain.

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

They literally looked at us saying, he always said, Timo, in his accent, like, Timo, you're wasting so much money.

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

Like, any idiot could give out free food on the street, right?

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

You're not making any margin.

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

This is stupid.

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

And he really kind of got me to think differently about margin and supply chain.

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

And initially, we just thought we just need traction and margin will come.

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

And then we built it.

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

foundationally right with their help and so they've been an amazing kind of influence on us building this in a more positive way look and then two years in we raised the first VC round back then a million and then we did I think three million shortly after

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

So it started to snowball at some point.

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

Yeah, for sure.

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

I mean, look, we're obsessed about unit economics.

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

If we spent one pound on marketing, when would we see a return?

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

What's the customer satisfaction?