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Listen "E137: Reverse Engineering: The Outcome with Aaron Price"
Episode Synopsis
Aaron Price is the president and CEO of TechUnited and the Founder of Propelify which is an innovation festival that happens in Hoboken, New Jersey. Propelify was acquired by the New Jersey Tech Council, which is now rebranded as TechUnited. Today, he's going to share with us what the experience was like and why he turned down all the other sexy offers from Entrepreneur Magazine and Gary Vaynerchuk.
Here are some power takeaways from today’s conversation:
Other companies that were interested in buying his company and why he went with the New Jersey Tech Council
The biggest mistake of his career
The power of mentorship
How much information should you share with others?
The future of corporate culture
Episode Highlights:
Thought Process Behind Taking On Investors
It's very important to listen to yourself and have a heart-to-heart moment especially if it doesn't feel right. Think about your expectations, what you're hoping to achieve, and whether the excitement just overshadows everything. Just be very thoughtful about the kind of investors you want. There are different types of investors so look at this from a standpoint of "who you want to get in bed with" type of situation.
The Power of Surrounding Yourself with Mentors
At the early point of your career, it's very important to surround yourself with people who could help you and who could be your sounding board when you have tough decisions to make. These people elevate you. At the same time, being able to help others feels good and it can fuel your energy. It's a "one plus one equals three" game that keeps things moving. Then also be aware that there’s that professional side of things, and then the personal side. Don’t share all the share deals probably until it’s fully baked but clearly set expectations upfront.
The Future of Corporate Culture
The democratization of technology allows people to start something from anywhere and it's equally accessible once it's online. There's an opportunity for all these other B markets to grab and hold on to that talent and to create an infrastructure that has a better lifestyle, but still keeps them fully employed. We'll be seeing more of a hybrid model where people either go to the office or do remote work, not to mention the opportunities for international collaborations. It's all about figuring out the model that works for your company.
Resources Mentioned:
TechUnited
Propelify
Here are some power takeaways from today’s conversation:
Other companies that were interested in buying his company and why he went with the New Jersey Tech Council
The biggest mistake of his career
The power of mentorship
How much information should you share with others?
The future of corporate culture
Episode Highlights:
Thought Process Behind Taking On Investors
It's very important to listen to yourself and have a heart-to-heart moment especially if it doesn't feel right. Think about your expectations, what you're hoping to achieve, and whether the excitement just overshadows everything. Just be very thoughtful about the kind of investors you want. There are different types of investors so look at this from a standpoint of "who you want to get in bed with" type of situation.
The Power of Surrounding Yourself with Mentors
At the early point of your career, it's very important to surround yourself with people who could help you and who could be your sounding board when you have tough decisions to make. These people elevate you. At the same time, being able to help others feels good and it can fuel your energy. It's a "one plus one equals three" game that keeps things moving. Then also be aware that there’s that professional side of things, and then the personal side. Don’t share all the share deals probably until it’s fully baked but clearly set expectations upfront.
The Future of Corporate Culture
The democratization of technology allows people to start something from anywhere and it's equally accessible once it's online. There's an opportunity for all these other B markets to grab and hold on to that talent and to create an infrastructure that has a better lifestyle, but still keeps them fully employed. We'll be seeing more of a hybrid model where people either go to the office or do remote work, not to mention the opportunities for international collaborations. It's all about figuring out the model that works for your company.
Resources Mentioned:
TechUnited
Propelify
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