596th 1Mby1M Entrepreneurship Podcast with Julien Pham, Third Culture Capital

Julien Pham is Founder and Managing Director at Third Culture Capital (3CC), a firm focused on investing in the healthcare space.

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Featured Videos

Colors: Les Voiles Rouges I

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Les Voiles Rouges I

Les Voiles Rouges I | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8  x 8, On Paper

Building a Public FinTech Company From Scratch: OppFi CEO Todd Schwartz (Part 3)

Todd Schwartz: The technology wasn’t there. I didn’t know anything about lending. I didn’t know any other way to do it except take $100,000 of my own savings and open a one-room office in the north side of Chicago, get a printer, and use Excel to originate loans. I applied for the CILO license. Six months later, I was granted the license. I was getting referrals from the pawnshop.

I made the first 3,000 loans in person by myself. I handed the check to every borrower. I got to know every borrower. I understood why we were better. There were no prepayment penalties. I had to hire people. We were getting so much referral volume. We have such high customer satisfaction. We weren’t really measuring it, but I could just tell by the way people were overjoyed and the referrals we were getting. Our interest rates were much lower. Our payment terms were much more beneficial.

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Colors: Les Voiles Jaunes

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Les Voiles Jaunes

Les Voiles Jaunes | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8  x 8, On Paper

596th Roundtable Recording with Julien Pham, Third Culture Capital

In case you missed it, you can listen to the recording of this roundtable here:

Roundtable Recap: November 17 – Spotlight on Healthcare Investing

During this week’s roundtable, we had as our guest Julien Pham, Founder and Managing Director at 3CC Third Culture Capital, a firm focused on investing in the healthcare space.

Afterlife

As for entrepreneur pitches, we first had Brett Maxfield from Los Angeles, California, pitch Afterlife, a concept-stage venture that is waiting for financing to get off the ground.

Efeedo

Next, we had Javed Christi from Saint Charles, Missouri, pitch Efeedo, a revenue stage venture in the crowded restaurant POS space, that is looking to raise financing.

You can listen to the recording of this roundtable here:

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Building a Public FinTech Company From Scratch: OppFi CEO Todd Schwartz (Part 2)

Sramana Mitra: How did you steer your career from that point on?

Todd Schwartz: I went through the crisis of 2008. That’s when I learned a lion’s share of what I know today. I learned about investing. I learned about allocating capital. I learned what not to do. I learned it not from having success. We got ourselves in a little bit of a pickle. It was a very tough situation. Unwinding a lot of that was painful.

Best of Bootstrapping: Bootstrapped a Niche E-commerce Venture

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

I’ve always been bullish about niche e-commerce. Here’s the story from 2016 of an entrepreneur who has successfully bootstrapped a company in high-end light fixtures, Elite Fixtures CEO Steven Annese.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Steven Annese: I’m a child of an Italian immigrant. I was born in New Jersey. It was in the 70s when most of the Italians migrated.

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