Startup Wealth

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Startup Wealth is a podcast for people who work in startups — or in companies with a startup attitude. We explore financial success and lessons learned on the journey to long-term security. Every episode offers insights and advice about making smart financial decisions, as well as strategies for protecting and preserving wealth. Guests include seasoned executives and advisors who share insider takes on entrepreneurship and what it’s really like working in a fast-growing tech company. CPA and Certified Financial Planner Joyce Franklin is your host. For more than 25 years, she’s helped people in the tech community successfully navigate the tradeoffs that come with being part of a thriving organization. Through this lens, Joyce guides guests in discussions of the challenges and opportunities that arise before, during, and after an IPO or liquidity event.

Joyce Franklin


    • Feb 16, 2022 LATEST EPISODE
    • monthly NEW EPISODES
    • 29m AVG DURATION
    • 10 EPISODES


    Latest episodes from Startup Wealth

    Taking Risks and Making an Impact with Israeli VC Barak Rabinowitz

    Play Episode Listen Later Feb 16, 2022 34:52


    Barak Rabinowitz has developed his expertise on three continents: First as a young man on Wall Street, then as a startup founder in London, and now as co-founder of F2 Capital, a venture capital firm in Tel Aviv. Rounding out Barak's experience is the time he served in an infantry paratroop brigade of the Israeli Defense Forces.  After stints with Morgan Stanley and Yahoo, he co-founded one of the first social gaming companies, Amuso, which was acquired by BBC Worldwide. When he got stressed, he would invest in other startups, eventually becoming a full-time VC. F2 Capital is an Israel-oriented early-stage VC company that invests in deep technology companies at the junction of big data, artificial intelligence, and connectivity, including cybersecurity, digital health, financial services, human resources, insurance, media, real estate, retail, and software infrastructure. These are B2B or B2B2C enterprise software companies with research and development in Israel. On this episode, Barak shares: What he looks for in a founder before investing How he views the most challenging phase of the Entrepreneur's Wheel of Life What founders should do within 6-12 months of their liquidity event Why Israeli technology is unique His admiration for Americans' sales and marketing skills https://www.linkedin.com/in/barak2007/ (Barak Rabinowitz's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) https://twitter.com/JoyceLFranklin (Joyce Franklin's Twitter) — https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life) https://www.amazon.com/Startup-Wealth-Entrepreneurs-Financial-Long-Term/dp/0991617223/ref=sr_1_1?keywords=joyce+franklin+startup+wealthandqid=1638891970andsr=8-1 (Read Joyce's book, Startup Wealth: The Entrepreneur's Guide to Personal Financial Success and Long-Term Security)

    Negotiating for a “Second Bite of the Apple” with Founder Steve Datnow

    Play Episode Listen Later Feb 2, 2022 35:23


    Steve Datnow is a San Francisco Bay Area engineer and entrepreneur. He has been involved in five liquidity events, first as a startup employee, and most recently as a founder. He grew his most-recently acquired company, human resources software maker OrgChart5 Inc., from zero to 1,500 customers by bootstrapping, leveraging his connections, and negotiating well. In this episode, Steve shares how he learned to prevent surprises by asking those interested in buying his companies the right questions about management structure, financials, and even future plans. We discuss how he navigated a merger with another company, and acquisition by private equity firm Lock 8 Partners, in the same year. Finally, we talk about the three ways to compensate a startup team—cash, stock, or a combination of the two—and the benefits and risks of each. Like many entrepreneurs, Steve likes to take risks. That's why as a term of the Lock 8 Partners deal, he chose compensation partially based on future company growth, what he calls the “second bite of the apple.” https://www.linkedin.com/in/sdatnow/ (Steve Datnow's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) — https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life) https://www.amazon.com/Startup-Wealth-Entrepreneurs-Financial-Long-Term/dp/0991617223/ref=sr_1_1?keywords=joyce+franklin+startup+wealthandqid=1638891970andsr=8-1 (Read Joyce's book, Startup Wealth: The Entrepreneur's Guide to Personal Financial Success and Long-Term Security)

    Luck, Probability & Decision Trees: VC and Entrepreneur Peter Herz

    Play Episode Listen Later Jan 19, 2022 12:56


    Peter Herz is a serial entrepreneur turned venture capitalist. Currently, he is general partner of 1st Course Capital, a VC firm focused on early-stage food and agricultural companies. When Peter faces tough decisions—like selling a concentrated stock position, considering investments, or choosing from a variety of paths for his portfolio companies—Peter uses a powerful tool called a decision tree. In this episode, he explains how he assigns probabilities to the various branches of the decision tree, and how this helpful tool keeps him from losing everything.  You can create your own decision tree using the resources in the show notes. https://treeplan.com (Here's a plug-in for decision trees) and other elements to support decision analysis that works on top of Excel. The link for 1st Course Capital's decision modeling for investments is available here. https://www.linkedin.com/in/jpeterherz/ (Peter Herz's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) — https://www.jlfwealth.com/podcast/ (Decision tree graphic from Startup Wealth) Decision tree model templates https://treeplan.com/ (Decision Tree add-in for Excel) — https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life) https://www.amazon.com/Startup-Wealth-Entrepreneurs-Financial-Long-Term/dp/0991617223/ref=sr_1_1?keywords=joyce+franklin+startup+wealth&qid=1638891970&sr=8-1 (Read Joyce's book, Startup Wealth: The Entrepreneur's Guide to Personal Financial Success and Long-Term Security)

    Breaking the Media Glass Ceiling with Robin Wolaner

    Play Episode Listen Later Jan 5, 2022 45:59


    Robin Wolaner has achieved many career milestones: At 27, she was the youngest publisher of a national magazine; in 1986, she launched Parenting in a $5 million joint venture with Time Inc.; 6 years later, she became the company's first divisional CEO to get pregnant; and during the dot-com bubble, she was an executive at CNET. A New York Times profile even once called her a “corporate entrepreneur.”  She was so driven to launch her startup, she took on debt and a below-market salary. This approach paid off, and became the subject of an enduring Harvard Business School case study. In this episode, Robin talks about all of that, shares what she's learned about negotiating, and offers advice to other female founders. https://www.linkedin.com/in/robinwolaner/ (Robin Wolaner's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91/ (Joyce Franklin's LinkedIn) https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    Ex-Tesla Attorney Mark Cameron White Shares Startup Tips

    Play Episode Listen Later Dec 15, 2021 20:25


    Did you know that Elon Musk is not a founder of Tesla? That honor belongs to Martin Eberhard and Marc Tarpenning, longtime clients of our guest, attorney Mark Cameron White. White shares stories and wisdom from decades of practicing law in Silicon Valley and around the world. He talks about the importance of building a collective dream for a startup, how battle scars can cause bitterness or strength, and the way most entrepreneurs build wealth in Silicon Valley. He also offers his opinions regarding the three currencies of Silicon Valley, the right amount of time to take off after a liquidity event, and why true entrepreneurs are happiest laying the foundation of their company. We discuss the delicate balance between funding your company and supporting your family, and Joyce shares tips for protecting your assets and avoiding financial surprises when starting a company. Mark White's LinkedIn https://www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    Serial Entrepreneur and Angel Investor Paul Allen on Resilience

    Play Episode Listen Later Dec 8, 2021 30:54


    Joyce interviews serial startup founder and Nextbite President Paul Allen, who started seven companies, four of which had liquidity events. He shares what he's learned about resilience from all points in the startup lifecycle as an entrepreneur, mentor, and early angel investor. Paul Allen has been a founder or cofounder of seven companies, four of which have had liquidity events. He's also been an advisor or mentor at eight organizations. At Paul's current startup Nextbite, there have been seven funding rounds totaling over $150 million dollars, including a series C round raised in October 2020 from the SoftBank vision fund. He started an early angel investment community in 1999, well before angel investing became popular. https://www.linkedin.com/in/paulmichaelallen/ (Paul Allen's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    CPA Roy Bukstein on Oracle, Family Finances, and Why “Turnover Will Kill You”

    Play Episode Listen Later Dec 1, 2021 35:24


    Stock option tax guru Roy Bukstein was the first CFO of Oracle. After the IPO, he left to start a CPA firm where he advised Marc Benioff and Larry Ellison, among others. On this episode, he shares stories from his decades in Silicon Valley along with tax planning strategies you can use, too. https://www.linkedin.com/in/roy-bukstein-5741732/ (Roy Bukstein's LinkedIn) https://www.linkedin.com/in/joyce-franklin-0423a91/ (Joyce Franklin's LinkedIn) https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    Wealth Management Icon Tim Kochis on Business Succession

    Play Episode Listen Later Dec 1, 2021 41:49


    Lots of startups are identified with their founders, and vice versa. But to truly thrive, companies need a plan for the unexpected—and the eventual expected—departure of the founder. In this episode, Joyce Franklin talks with wealth management industry icon Tim Kochis about succession planning for entrepreneurs, how he founded, grew, and merged his firm to create a new one with $5 billion in assets under management, and the advice he's given to executives before and after their liquidity events. He even shares details about his own personal liquidity event. Tim Kochis is the former CEO and chairman of Aspiriant, former president of the CFP Board of Standards, and a former member of the board of trustees for Charles Schwab mutual funds and ETF offerings. He is the author of four books about wealth management and succession planning. https://www.linkedin.com/in/tim-kochis-51550349/ (Tim Kochis' LinkedIn) https://my.captivate.fm/www.linkedin.com/in/joyce-franklin-0423a91 (Joyce Franklin's LinkedIn) https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    Shopify CTO Allan Leinwand on Scaling Your Company Post-Liquidity

    Play Episode Listen Later Dec 1, 2021 34:27


    Shopify CTO Allan Leinwand is a serial startup executive who has worked at many fast-growing tech companies, including Slack, Zynga, ServiceNow, and Cisco Systems. On the series premiere of Startup Wealth, he shares his unique and successful approach to selling stock after a liquidity event, how he chooses the tech companies he works for, and why he's passionate about scaling companies to increase enterprise value. https://www.linkedin.com/in/aleinwand/ (Allan Leinwand's LinkedIn) Joyce Franklin's LinkedIn https://www.jlfwealth.com/podcast/ (Request a copy of The Four Phases of Startup Life and the Entrepreneur's Wheel of Life)

    Trailer: What is Startup Wealth?

    Play Episode Listen Later Nov 4, 2021 1:44


    Starting or joining a brand-new company is one of the most exciting things you can do in business. It's also one of the scariest. The Startup Wealth podcast is here to guide you. Each week, CPA and Certified Financial Planner Joyce Franklin talks to an expert guest about financial success and lessons learned on the journey to long-term security. Learn more about Joyce and JLFranklin Wealth Planning at https://www.jlfwealth.com/ (JLFWealth.com).

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