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No Money Down: Chris Joyce's Secret to Starting Businesses featuring Chris Joyce with Gusher
Manage episode 429553211 series 3546923
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This podcast episode features entrepreneur Chris Joyce discussing his company Gusher, which helps founders build startups without needing external funding. He provides insight into leveraging "sweat equity" and performance-based partnerships to get ideas off the ground. Gusher is a facilitator for startups, without a big investment needed.
Key Discussion Points:
- Origins of Gusher after seeing barriers entrepreneurs faced in securing traditional VC funding
- Using "performance-based equity" model to build startups with expertise rather than money
- Recruiting team members who believe in the idea and will work in exchange for equity
- Case studies of companies launched successfully on Gusher platform
- Mindset shift around believing you can start a business without seed funding
- Resources Gusher provides like support, structure, applicant pool to staff your startup
Guest Bio:
Chris Joyce is a prolific entrepreneur who has founded 24 companies across high tech, consumer goods, health, and manufacturing. His innovative products have reached over 11,000 stores in 23 countries, with tech users in 148 countries worldwide. Recognizing that many great ideas and entrepreneurs were being overlooked for superficial reasons, Chris created Gusher to ensure that anyone with a groundbreaking idea has the opportunity to succeed. His mission is to democratize the startup process, allowing the market to judge the viability of ideas rather than traditional gatekeepers. Chris's extensive experience and commitment to innovation make him a compelling guest with invaluable insights into entrepreneurship.
Company Bio:
Gusher democratizes the startup process, enabling entrepreneurs to launch ventures without traditional investors or capital. Using performance-based equity, Gusher connects founders with skilled collaborators, allowing ideas to come to life across various industries, including technology, media, health, design, finance, and gaming. By eliminating traditional barriers, Gusher empowers innovative ideas to succeed based on their merit in the market.
Quotes:
"I had to contact more than 500 food chemists that told me it couldn't be done. It shouldn't be done. It wouldn't be done. I had PhDs telling me to go F myself." (00:15:12)
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