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Dan has sold four companies throughout his career. We discuss what that was like and dive into what he's doing next—building a venture studio. He shares his playbook and how he's leveraging his strengths, and I get his advice on navigating post-exit life. Plus, we discuss philanthropy and finding purpose and fulfillment beyond financial success. Guest Dan Reich is an entrepreneur, investor, and philanthropist. He has co-founded Spinback (acquired by Buddy Media), Tula (acquired by Procter & Gamble), Dibs Beauty, and Troops.ai (acquired by Salesforce). Links Company Builders Dan's Personal Website Follow Dan on Twitter Chapters 00:00 Intro 02:14 Dan's Journey 09:47 Venture Studios 13:16 Creators 22:40 Financing 25:44 Why Again? 28:01 Daily Routines 29:31 Post-Exit Emotions 40:49 Philanthropy 43:07 Angel Investing 44:59 Final Thoughts Podcast I am the ex-founder of Skillshare, and now exploring what's next. The Karnjanaprakorn Show (TKS) follows my journey as I share what I learn along the way, and chat with others who are taking unique approaches to business and life. Learn more about me: https://mikekarnj.com
Closing a $1M+ round without customers or a product The key was in their analysis of the opportunity.
In 2013, Dan Reich and his partners founded TULA, a digitally native, probiotics-infused skincare line. Reich bootstrapped TULA to around $10 million in annual revenue when he realized he needed to replace himself as CEO. The company thrived under professional management, and by 2022, TULA had achieved revenue of over $100 million and received an acquisition offer from Procter & Gamble.
Tula Co-Found Dan Reich shares how the brand came to be; from his early years selling Apple Bottom Jeans online, selling his software business to Salesforce, to investing in Dibs Beauty, Dan continues to grow businesses. He shares the importance of surrounding yourself with people who are smarter than you, continuously exploring your passions, and taking time to yourself when you're feeling lost in your career. This is a great episode for entrepreneurs and anyone feeling a little lost in their career. Sign-up for my NewsletterJoin my Facebook groupThis podcast is sponsored by Macy's. Head over to the below link and explore Jenna's favorite featured items today!
Dan Reich, Co founder and CEO of Troops.ai joins the show to talk about:The story behind founding Troops and the sale of Troops to Slack.The story behind founding TULA, an industry leader in the skincare business, and the sale of TULA to P&G.The biggest differences and surprising similarities of running an enterprise SaaS business and D2C skincare company (and how to apply best practices across both business types to one another)His perspective on managing stress and pressure as an entrepreneur, and the importance of "thinking bigger" when building your business.
Earned: Strategies and Success Stories From the Best in Beauty + Fashion
In Ep. 55 of Earned, we sit down with Dan Reich—entrepreneur, investor, and co-founder of top-ranking, probiotic-powered skincare brand TULA. We start the episode by diving into Dan's entrepreneurial trajectory, beginning with his first company in high school, to co-founding software companies Spinback and Troops, both of which were acquired by Salesforce, to launching TULA with Ken Landis and Dr. Roshini Raj. We learn why Dan decided to hire an outside CEO for TULA, and what made both Julia Straus (now the CEO of Sweaty Betty) and current leader Savannah Sachs the best fits for the role. Dan then shares the rationale behind TULA's influencer marketing philosophies and approach, explaining why the brand looked beyond the traditional beauty influencer to drive momentum. We unpack the differences between the influencer relationships that worked well for TULA versus those that didn't, and Dan emphasizes the importance of building long-lasting, mutually beneficial partnerships. To close the show, we discuss the evolution of the social media landscape, and Dan reiterates why word-of-mouth marketing, a tactic as old as time, is only going to continue to accelerate.
#Bitcoin #AllieRae #TrezorI'd like to welcome everyone to my new PODCASTDave's Daily Crypto TakeIn this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.ARTICLES used in today's video:https://finbold.com/trezor-responds-after-youtuber-hacks-its-hardware-wallet-recovering-2-million-in-crypto/Trezor responds after YouTuber hacks its hardware wallet recovering $2 million in cryptoHardware crypto wallet provider Trezor has responded after a hacker detailed how he managed to recover his digital assets after losing the PIN to the storage device.In a detailed YouTube video, Dan Reich, an electrical engineer, explained how he managed to crack a Trezor One hardware wallet containing more than $2 million worth of cryptocurrency.https://ambcrypto.com/bitcoin-ethereum-sentiments-are-in-the-fear-zone-but-heres-whats-really-going-on/Bitcoin, Ethereum sentiments are in the fear zone, but here's what's really going onIt wasn't a very happy start of the year for most bulls as the market resembled a slaughterhouse, and crash after crash affected investors' spirits. Feelings might not seem important in the crypto-sector, but they can often point at changing fortunes. So, it's time to take a look at the top two crypto-assets.Sigmund Freud, analyze thisThe crypto-analytics platform Santiment recently noted that despite mild rallies, traders have been opting for caution as fear still hangs heavy in the air. Looking at weighted sentiment for Bitcoin and Ethereum, both were in the “Fear Zone” below -0.5 at press time.https://www.coindesk.com/markets/2022/01/31/ethereum-suffers-worst-month-in-nearly-2-years-sol-falls-even-harder/Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even HarderEther (ETH), the native token of the Ethereum blockchain, has suffered its biggest monthly price decline since March 2020, tumbling alongside bitcoin in one of worst-ever starts to a year in cryptocurrency markets.Ether is down 31% in January, while bitcoin (BTC) has fallen 22%.The sell-off also claimed some of the hottest tokens from 2021, in several cases vaporizing half of their market value, or more. Terra's LUNA has declined 50% in January, while Solana's SOL has dropped 49% and Avalanche's AVAX has lost 42%.https://ambcrypto.com/unicef-warns-against-child-safety-risks-associated-with-crypto-transactions/UNICEF warns against child safety risks associated with crypto-transactionsThe increase in crypto-adoption across the globe has irked some organizations. The latest to express its reservations about the industry is the United Nations Children's Fund (UNICEF). The organization has called for greater regulation of crypto-markets that would also incorporate child safety and protection.In its “Prospects for children in 2022” report, UNICEF highlighted several financial and exploitative threats posed by cryptocurrencies. While examining the impact of global financial trends on the underage population, the organization noted that the heightened adoption of cryptocurrencies is “demonstrating both the promise of greater financial inclusion and the need for new child safeguards.”https://bitcoinist.com/allie-rae-onlyfans-x-crypto-crossover-wetspace/Allie Rae On Making Millions, Sex Stigma, And Her OnlyFans x Crypto Crossover: WetSpaceLast year, Allie Rae made national headlines after her OnlyFans was discovered by her peers in the neonatal intensive care nursing unit in a top Massachusetts hospital. Management demanded she take down the page, but she instead quit — taking a stand for herself and adult industry workers everywhere.It turned out to be a blessing in disguise, turning Allie Rae into a millionaire in a matter of months. Today, she is using her newfound financial success to continue to take a stand for adult industry workers and pave the way for a better financial future for others through crypto. https://alternative.me/crypto/fear-and-greed-index/https://coinmarketcap.com/Please subscribe, like, and share so that more and more people can view this content.DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.Thank you very much DaveSupport this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
Dan Reich, Curator & Director of Education at the St. Louis Kaplan Feldman Holocaust Museum, stopped by to talk with Nancy about the mission of, and the happenings at, the museum. After 22 years at the museum, Dan Reich will be retiring soon. Dan Reich. A photo from the museum's archives, depicting a Dachau Death March. Among the topics discussed is the upcoming expansion of the museum. Set to open in mid-2022, the St. Louis Kaplan Feldman Holocaust Museum will quadruple the space of the existing facility to 35,000 square feet. The new facility will fuel the Museum's mission to preserve the legacy of the Holocaust, teach about the Museum's many purposes, and empower visitors to make the world a more tolerant place by rejecting all forms of hate, racism, and bigotry. An artist's rendering of the upcoming expansion, set to open in mid-2022. Also discussed is the moving story of Ben Fainer, Holocaust survivor and co-author of "Silent for Sixty Years." Ben Fainer spent the entire war as a Nazi prisoner, surviving for six years in six different camps. After losing his mother, three siblings, and over 250 other relatives in the Holocaust, Ben was liberated by American soldiers while on a final death-march in the spring of 1945. Ben didn't just survive, he thrived. He was able to put his tragic childhood behind and live an incredible post-war life. Ben became a speaker at the museum, sharing his story to honor the victims of the Holocaust. Ben passed away in 2016. One of the aspects of Ben's story that is discussed is a bracelet... Ten years ago, a bracelet was uncovered in Germany that was made by Ben Fainer in his youth in a concentration camp. After Ben's passing, his family donated it to the museum to honor him. The bracelet will be part of the exhibition in the upcoming expansion. Ben Fainer shares his story with students before his passing. To hear stories from other Holocaust Survivors, click here.
In part one of my conversation with Dan Reich, the founder and CEO of Troops, he discussed his vision to build an AI assistant that bridges information between employees and software with the ease of sending texts to a friend. In this second part of our conversation, he talks about the importance of building a team and a product to get the funding, and he shares some thoughts on how telecommuting has dramatically increased the importance of a healthy corporate culture.
Over the past few years, there's been a change in how information flows between people. Gone are the days where we'd log into computer terminals and draft emails. Now we text, tweet, instant message, and post. That's at least how it is person to person. When it comes to person to computer, we still wheel up our chairs and poke at keyboards the old way. That's what Dan Reich noticed when he started his company, Troops. A startup veteran, he envisioned a system where an AI assistant could bridge information between employees and computers with the same ease and fluidity of two buddies texting about a baseball game. On this episode of UpTech Report, Dan explains how it works.
Dan Reich is CEO and Co-Founder of Troops.ai which is software that makes sales a team sport by empowering people, automating workflows and supercharging sales performance. Dan explains how this Troops.ai got their first 10 customers. In this episode we learn all hour their daily hustle that brought the first 10 customers. How did this founder leverage good old fashioned hustle and networking to grow their business initially...
Dan Reich has started and been involved in companies that have collectively raised over $100 million in venture capital and have exited for close to $1 billion in M&A. The co-founder of businesses such as TULA, a health and beauty brand, and Troops, a venture-backed technology company that is building a mobile-first, intelligent CRM, Dan joins the show to share how his upbringing led him to be a passionate, risk-taking entrepreneur. You can find show notes and more information by clicking here: https://bit.ly/2Op46lU
Dan discusses the power of chatbots, the ways in which instant messaging is reshaping the way businesses communicate internally, and how Troops.ai is building upon platforms like Slack to improve businesses’ CRM, sales pipelines and revenue.
Guest Dan Reich, Curator & Director of Education at the St. Louis Holocaust Museum, stops in to tell us about the latest goings on at the museum and their work towards finding lessons in tragedy.
Dan Reich sold baseball cards, started a college events company, founded a beauty brand, invested in startups as a venture capitalist and now runs http://troops.ai an intelligent virtual business assistant. Troops is an artificial intelligence powered assistant that works on slack and salesforce to enable enterprise teams work better and make more money through the sales and marketing cycles. As of this episode, troops recently closed a series B round. Video: http://startuphunter.co
Sales Reinvented Podcast Episode 123: Dan Reich. Dan is the Co-Founder and CEO at Troops which is an artificially intelligent assistant for sales and customer teams which integrates seamlessly into salesforce.com and Slack. Dan is a contributing writer for Forbes and serial entrepreneur, where his last software company was ultimately acquired by Buddy Media and then Salesforce. Dan was a NYC Venture Fellow in 2016 and was named as Business Insider as one of the top 100 technology leaders in NYC.
Dan Reich is the Founder & CEO @ Troops.ai, the startup that is the ultimate slackbot for sales teams. To date, Dan has raised over $17m in VC funding with Troops from many friends of the show including Felicis Ventures, Founder Collective, First Round, Nextview, Susa Ventures and even Slack. As for Dan, he is also the Co-Founder and President of TULA, a private equity backed health and beauty business that has developed the world's first line of probiotic skincare products. Before that, Dan was a Co-Founder of Spinback (acquired by Buddy Media in May 2011, then acquired by Salesforce in June 2012). In Today’s Episode We Discuss: How Dan made his way into the world of SaaS with the founding of Spinback? How that led to his founding of the ultimate slackbot for sales teams in Troops? What does Dan really mean when he says “account based collaboration”? What is this a transition from? In terms of tracking and analysis, how does this change when making the move from tracking individual performance to team performance around an account? What can one do to actively implement this? What is key to a successful transition to this style of selling? What does Dan mean when he says, “sales teams are not working together the way we think they are”? What can sales leaders do to actively ensure their sales team is acting in unison? Where do many sales leaders go wrong here? How does Dan think about post mortems when an account is lost or won? How does Dan prevent dips in morale when sharing the loss of a sale? With scaling orgs, siloes are often created, why does Dan think many silos come into existence? At what stage does Dan really see them become a problem and cracks in the org begin to show? What can leaders do to instantly reduce the effect of silos? How does Dan think about controlling the noise to action ratio with the firehose of data at our disposal today? Dan’s 60 Second SaaStr: What does Dan know now that he wishes he had known at the beginning? What is the right time to train your sales team? The right way to structure sales comp plans? Read the full transcript on our blog. If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Dan Reich
Sunday marked the international community’s commemoration of lives lost and tragedy caused during the Holocaust. Although it took place more than 70 years ago, its lessons continue to resonate today. Dan Reich, curator and director of education at the Holocaust Museum & Learning Center, survivor Rachel Miller join host Don Marsh to discuss how the younger generations will continue to tell the stories of those who experienced the Holocaust as survivors pass away. Miller, who now resides in Chesterfield, Missouri, also shares her own harrowing story of living through the Nazi occupation.
Hey everyone, today I share the mic with Dan Reich, founder and CEO of Troops, an artificial intelligence assistance for work. Tune in to hear Dan discuss his vision behind Troops and how the improving AI capabilities will completely change the way we use CRM software, his struggle with getting Troops on the growth curve and the eventual funding and tie-up they landed with Slack, and his management philosophies and hacks that help him be more productive on a day-to-day basis. Click here for show notes and transcript. Leave Some Feedback: What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, leave a short review here. Subscribe to Growth Everywhere on iTunes. Get the non-iTunes RSS feed Connect With Eric Siu: Growth Everywhere Single Grain Twitter @ericosiu
On Thursday's St. Louis on the Air, host Don Marsh spoke with Jennifer Teege, a German author whose book "My Grandfather Would Have Shot Me: A Black Woman Discovers Her Family's Nazi Past" details her discovery that her grandfather was an infamously brutal World War II commandant. The pair were joined by Dan Reich curator and director of education for the Holocaust Museum and Learning Center in St. Louis County.
Dan Reich is the Founder & CEO @ Troops.ai, the startup that is the ultimate slackbot for sales teams. To date, Dan has raised over $17m in VC funding with Troops from many friends of the show including Felicis Ventures, Founder Collective, First Round, Nextview, Susa Ventures and even Slack. As for Dan, he is also the Co-Founder and President of TULA, a private equity backed health and beauty business that has developed the world's first line of probiotic skincare products. Before that, Dan was a Co-Founder of Spinback (acquired by Buddy Media in May 2011, then acquired by Salesforce in June 2012). In Today’s Episode We Discuss: How Dan made his way into the world of SaaS with the founding of Spinback? How that led to his founding of the ultimate slackbot for sales teams in Troops? How the experience with Spinback affected his operating mindset with Troops today? Why does Dan believe that the current modelling of org charts is fundamentally upside down? How does Dan think about when is the right time to insert the first level of managers? What should one look for in those managers? Does Dan believe you have to hire “logo players” from big firms at some point in the journey? Why does Dan believe that your customer success has to be obsessed with asking why? Taking a step back, how does Dan think about when the right time is to hire your first CS rep? How has Dan seen the best companies do post mortem analysis on churn? What can be done to ensure seamless communications between product and customer success teams? Dan has a knack for knowing where the puck is going with large enterprises before anyone else. How? What does this ideation process look like? Once the idea has been created, what does Dan believe is crucial to the success of partnering with the behemoths of Salesforce and Slack? How can startups navigate the internal politics of these mega enterprises? How can they use this exercise to not only understand the politics themselves but also build credibility and trust with the organisations once inside? Where does Dan see most founders going wrong both in introductions to enterprise and then building trust once inside? Dan’s 60 Second SaaStr: What does Dan know now that he wishes he had known at the beginning? What is Dan’s favourite story of hustle? Why that one? Who does Dan believe is killing it in the world of SaaS today? Read the full transcript on our blog. If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Dan Reich
Dan Reich is CEO & Co-Founder of Troops. Dan has started and been involved with companies that have collectively raised over $100M in venture capital and have exited for close to $1B in M&A, including companies like Buddy Media, Spinback and Lotame. As a result, he has extensive experience in startups, technology, business operations, financing, management, and scaling large teams. In this episode we dive into recruiting his team, the processes they’ve built out to scale, his take on product. www.troops.ai — Credits — This episode of Giants & Crowns is hosted and produced by Nsi Obotetukudo. Editing by Duncan Gerow, Joe Fuller, and Nsi Obotetukudo. Special thanks to Isabelle Thenor-Louis, Joan De Jesus, Sunny Ou, Hannah Anokye, & Kiera McBride. — Sponsors — www.breather.com www.claralabs.com — Giants & Crowns — www.giantsandcrowns.com www.instagram.com/giantsandcrowns The Giants & Crowns Podcast is an interview driven series focused on unearthing stories from industry/cultural leaders while unpacking their learned lessons involving people, product, and process.
Guest Dan Reich, Curator and Director of Education, St. Louis Holocaust Museum and Learning Center, shares information about the rich history of the Museum, its programs, and how it works with other organizations around the region to fulfill its mission.
Dan Reich is the CEO and co-founder of Troops, a company bringing artificial intelligence to your sales team's workflow, right in Slack. (Disclosure: NextView is an investor in Troops.) Today, we discuss Dan's smart process hiring his early technical talent -- both leadership and front-line developers. Subscribe to the NextView blog for future episodes and more resources for seed-stage startups: http://nextviewvc.com/blog Follow Dan on Twitter: https://twitter.com/DanReich Follow Troops on Twitter: https://twitter.com/Troops Visit http://troops.ai to learn more about the company and their product Follow Jay on Twitter: http://twitter.com/jayacunzo Listen to Jay's show about creativity in business: http://unthinkable.fm
December 12, 2013 Forbes.coms Dan Reich & LA Lover Barrett Reiff-Morse
The Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing
My guest today is Dan Reich ( https://twitter.com/danreich ) , who is a serial entrepreneur. Some of the companies he founded are Spinback, TULA ( https://www.tula.com/ ) and Troops.ai ( https://www.troops.ai/ ). TULA started as a digitally native health and beauty brand where Dan served as CEO from inception to over $1mm in sales in less than one year. Troops is a B2B technology company that is building a mobile-first, intelligent CRM. Since Dan has extensive backgrounds in both B2B and B2C, in this episode we focus on some of the differences when building a B2C company vs. B2B. Here are some questions I ask Dan - * What was your attraction to entrepreneurship? * Why did you decide to launch a skincare brand? What was the insight? * How did you think about the competitive landscape within skincare? * When did you realize after launching this could be something real? * What was your approach to scaling online? * What was your initial omnichannel strategy? * How were you able to successfully fundraise? * What was the hardest part of TULA's business to get investors over the line? * Why did you decide to step down as CEO? * What compelled you to start a completely different business in Troops.ai ( http://Troops.ai ) ? * What are some of the differences building an enterprise business vs. consumer business? * As an investor, what do you look for in an entrepreneur? * Are there specific categories you focus on or find attractive? * Walk me through your decision making process. * What's one thing you'd change with the fundraising / venture capital process? * What's one book that inspired you personally and one book that inspired you professionally? * What's the best piece of advice that you've received? * What's one piece of advice for founders currently building?