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Samuel Poirier - Adventures of a Serial Entrepreneur
Introducing our new, limited, mini-series founded by alumni talktank member Ksenia Kutuzova... Founder Friday - Samuel Poirier Hosted by Ksenia Kutuzova The guest is Sam Poirier, Forbes 30 Under 30, serial entrepreneur (founding his first business at 14!) and founder of Mercantile, a credit card startup that offers rewards to small medical practitioners. 💳 Mercantile recently raised Series A funding at a $75 million valuation. He was the recipient of the Peter Thiel’s scholarship which is a scholarship granted to people to build a startup instead of going to university. https://www.forbes.com/profile/samuel-f-poirier/ Timestamps: 0:50 - Who is Samuel Poirier? 2:10 - Sam Poirier in his own words 2:41 - Courage built vs naturally-born 3:45 - Being taken seriously as a young entrepreneur 5:06 - The death of crypto? 6:30 - Sam’s innovation framework 7:59 - Strategic fit: the key to successful entrepreneurship 9:40 - The 70% margin rule 10:33 - Trend-following vs relevancy 11:03 - All about pricing power 12:09 - How does Mercantile help small businesses? 15:00 - The major perks of co-branding 16:51 - How does Mercantile make money? 17:50 - From funeral homes and medical to beyond… 19:28 - Sam’s cold email and coffee chat quota 21:04 - Startup tunnel vision 22:36 - Where to find business ideas 23:00 - If Sam could change one thing about society, what would it be? 24:33 - Sam’s book recommendations for entrepreneurs 26:47 - Napoleon: an underrated thinker 28:41 - “The best entrepreneurs are not by choice” Credit to Ksenia for self-producing this episode! 👏
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