Aug 16 2024 52 mins
In this edition, we dive into the captivating journey of Evan Shubin, the President and Founder of Candlelight Partners, LLC. With a rich experience spanning 25 years that includes founding six companies, achieving three successful exits, and engaging deeply with 25 startups, Evan’s insights are a treasure trove for any budding entrepreneur or seasoned investor. Recently transitioning to full-time angel investing, Evan dedicates his expertise as a fractional C-suite executive, accepting equity as his sole compensation—wisely diversifying his portfolio across real estate, publicly traded stocks, and multiple startups.
For entrepreneurs contemplating selling their businesses, the podcast reveals invaluable lessons. Evan shares how he built a successful enterprise around trade show product marketing, emphasizing the importance of finding untapped markets and constructing better mousetraps for pain points encountered in his professional journey. His company, 'Exhibitor Invites,' evolved from a small startup to a million-dollar business with a profit margin that stayed robust throughout a ten-year run. Shubin advocates for disciplined small business management and recommends thorough customer discovery before launching new ventures. He stresses that founders should understand their limitations, surround themselves with experts, and listen intently to customer pain points.
Lastly, for entrepreneurs, innovators, or investors seeking inspiration and wisdom from someone who has successfully navigated the startup ecosystem, listening to Evan’s insights is indispensable. The podcast episode provides actionable advice on balancing risk with reward in the fast-paced world of startups and underscores the importance of strategic planning and diversified investing. Tune in to gain a deeper understanding of Evan's approach to creating successful ventures and harness the potential of the modern entrepreneurial landscape. Visit SidePocket's podcast page to listen now and elevate your investing acumen!
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