For Episode 248 of Amplify Your Business, we’re joined by Josh Furstoss, the CEO and co-founder of Incued. Induced aims to provide real-time financial data on private market assets to venture capital firms, private equity firms, investment banks, lenders, etc. This allows them to understand the performance, revenue, spending, and more of the portfolio companies they're involved with. Currently, traditional methods like Excel documents and PDFs lead to static, potentially fraudulent, and low-quality data, increasing investment and loan risk. The long-term goal is to create a Bloomberg terminal for the private markets, enhancing liquidity and driving market efficiency and innovation.
To learn more, visit incued.com.
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00:00 - Intro
00:49 - What are three things every entrepreneur should know?
05:57 - What problem does your company solve in 60 seconds?
11:06 - What was your inspiration for starting this company?
15:13 - Describe your mentorship and how it gives back to your community.
19:56 - At what stage should you heavily invest in assembling the right people for your advisory board?
24:12 - What advice would you write to your younger self in a letter?
36:17 - How to balance feedback from a small subset of potentially self-serving target audience members while finding a product-market fit in the early days of your business?
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