Episode 57: Fund Your Start Up Using Your Tech Equity with Ryan Gallego

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/!

Ryan Gàllego is the Founder and Chief Video Architect at Media Pouch. Ryan picked up his first camera at 14 when this ignited his passion not only for photography but for business. At age 17, Ryan started his first “unofficial” photography company and made $30,000 in the first year. The Yacht Week in Croatia cemented the future of Media Pouch.

Later, he went on to follow a lifelong dream of his and moved to Sydney, Australia, to work with some clients and launch Media Pouch abroad. He returned States in November 2019 and has since been scaling Media Pouch across the USA.

Connect with Ryan

https://www.linkedin.com/in/ryanagallego/

In this episode of "Tech Careers and Money Talk," host Christopher Nelson speaks with Ryan Gallego, CEO and founder of Pouch 6 Studios.

They discussed the financial strategies of long-term employees in the tech industry, including the importance of investing in company stock. Ryan shares insights on building wealth and growing your career in the tech world.

The conversation touches on the importance of stock investments and long-term planning based on real-life experiences in the tech industry.

Tune in for valuable insights and tips on navigating the intersection of tech equity and financial success in the tech world!

In this episode, we talk about:

• Working for Equity: Ryan emphasized the importance of working for equity, sharing how his experience at Amazon taught him the value of stock options and how it can significantly impact your financial future. Negotiating for a balance between salary and equity can be a strategic move for long-term financial growth.
• Customer Obsession: Ryan highlighted the significance of customer obsession, a core value he learned at Amazon. Putting the customer first and focusing on their needs can drive business success and create a strong foundation for growth. This customer-centric approach can be applied to various aspects of business operations.
• Self-Funding and Confidence: By self-funding his businesses with the proceeds from his Amazon stock, Ryan gained confidence in his ability to navigate entrepreneurship and build successful ventures. The experience of bootstrapping his companies provided him with the control and confidence needed to take risks and drive growth.

Episode Timeline:

00:00:00 - Introduction and GM's Success Story

00:01:03 - Podcast Introduction and Guest Introduction

00:02:07 - Ryan's Early Entrepreneurial Beginnings

00:03:24 - Decision to Join Amazon

00:05:05 - Traveling the World on Company's Dime

00:06:32 - Non-Technical Roles in Tech Companies

00:07:42 - Financial Engineering and Amazon Role

00:09:20 - Receiving the Amazon Offer

00:10:22 - Amazon's Vesting Schedule

00:13:08 - Analyzing the Stock Agreement

00:15:10 - Belief in Amazon's Growth

00:16:37 - Visibility into Amazon's Financials

00:18:52 - Strategy of Holding Stock

00:20:10 - Opportunity Cost and Career Decisions

00:22:17 - Choosing Between Startups and Big Tech

00:23:57 - Transition to Entrepreneurship

00:25:36 - Realization During Yacht Week

00:27:09 - Leveraging Big Tech Experience for Entrepreneurship

00:29:06 - On-the-Job MBA at Amazon

00:31:10 - Customer Obsession and Business Practices

00:33:47 - Importance of Equity in Scaling Business

00:35:25 - Educating Employees on Equity

00:37:06 - Negotiating Equity in Job Offers

00:39:32 - Market Trends in Vesting Schedules

00:41:49 - Advice for New Graduates on Negotiation

00:43:27 - Final Thoughts on Self-Funding and Confidence

Episode 56: Learning to Manage Tech Wealth with Fred DeWorken

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/!

Frederick DeWorken grew up on a 3-acre poor farm in Amarillo, Texas, and would travel to Santa Cruz, California every summer with his grandmother. In 1989 his step-father bought him his first computer. He has been hooked on "high-tech" ever since.

Connect with Frederick

https://www.linkedin.com/in/data-cloud/

In this episode of Tech Careers and Money Talk, host Christopher continues the conversation with Fred DeWorkin, the CEO and founder of Blue Yeti. In this part 2 episode with Fred, he shares his experiences in the Peace Corps, as well as his involvement in IPOs with Tableau and Snowflake.

The episode focused into the emotions and significance of going through the Snowflake IPO, offering insights into the world of investing and what it takes to be a successful investor.

Fred shares his journey from gaining P&L experience at major tech companies to becoming an investor in various real estate syndications and private companies like data.world. He discusses the emotional rollercoaster of experiencing sudden wealth, particularly during the Snowflake IPO, and the challenges of managing newfound financial success.

In this episode, we talk about:

• Experiencing IPOs with Tableau and Snowflake
• Overcoming sudden wealth syndrome
• Importance of diversification in investments
• Building a business legacy and putting people to work
• Financial education and wealth-building strategies

Episode Timeline:

• 00:00:00 - Introduction and Career Background
• 00:00:24 - Podcast Introduction
• 00:00:45 - Guest Introduction: Fred Dworkin
• 00:01:08 - Fred's IPO Experiences
• 00:03:07 - Sudden Wealth Syndrome
• 00:05:09 - Navigating Sudden Wealth
• 00:06:07 - Tax Concerns and Strategies
• 00:08:38 - Building Confidence Over Time
• 00:09:09 - Managing Equity and Cash
• 00:11:26 - Investment Strategies and Learning
• 00:13:31 - Experiential Learning in Investments
• 00:14:26 - Current Learning and Business Ventures
• 00:16:11 - Blue Yeti and Latin American Talent
• 00:18:12 - Building a Legacy
• 00:19:26 - Wealth Journey Advice
• 00:20:48 - Closing Remarks and Outro

Episode 55: Navigating Equity in Tech Companies with Fred Deworken

Ready to explore the latest in tech careers and financial insights? Click here now for an eye-opening journey at https://www.techcareersandmoneynews.com/!

Frederick DeWorken grew up on a 3-acre poor farm in Amarillo, Texas, and would travel to Santa Cruz, California every summer with his grandmother. In 1989 his step-father bought him his first computer. He has been hooked on "high-tech" ever since.

Connect with Frederick

https://www.linkedin.com/in/data-cloud/

In this episode Fred DeWorkin, founder and CEO of Blue Yeti, who shares his journey from working in the Peace Corps and as a claims adjuster to transitioning into the tech industry.

Fred discusses the value of storytelling, building relationships, and articulating one's worth in career transitions.

He highlights the importance of investing in oneself and the foundational role of training in shaping his successful tech career. Join them as they explore strategies for career growth, building wealth, and achieving financial and lifestyle goals in the tech industry.

Fred's experience highlights the importance of self-discovery, belief in oneself, and the willingness to step out of one's comfort zone to pursue new opportunities. His journey serves as a testament to the possibility of successfully transitioning into the tech industry, even without a traditional tech background. Fred's story also underscores the value of mentorship, networking, and continuous learning in navigating a career transition.

In this episode, we talk about:

• Belief in Yourself: Fred's journey highlights the importance of believing in your own value and skill set. By investing in himself and having the confidence to pursue opportunities in the tech industry, Fred was able to carve out a successful career path.
• Focused Approach: Fred's strategic approach to targeting specific companies and industries, such as pre-IPO growth companies in Latin America, showcases the power of focus and determination. By narrowing down his options and honing in on key opportunities, Fred was able to make significant strides in his career.
• Learning from Experience: Fred's experience working with both Tableau and Snowflake taught him valuable lessons about the dynamics of hyper-growth companies, leadership changes, and the importance of understanding equity and tax implications. His ability to adapt and learn from each experience contributed to his overall success.

Episode Timeline:

• 00:00:00 - Introduction to Personal Value and Investment in Self
• 00:00:29 - Building a Career Foundation in Sales
• 00:00:47 - Welcome and Podcast Overview
• 00:01:08 - Guest Introduction: Fred DeWorkin
• 00:01:47 - Fred's Career Transition and Value Articulation
• 00:02:12 - Importance of Personal Stories in Career Advancement
• 00:02:53 - Realizing Opportunities in Tech
• 00:04:03 - Decision to Pursue a Tech Career
• 00:04:25 - Job Search and Strategic Focus
• 00:06:57 - Learning from Industry Leaders
• 00:08:20 - Reality Check and Adjusting Expectations
• 00:09:11 - Professional Development through ProLango
• 00:10:07 - Effective Job Search Techniques
• 00:11:37 - Narrowing Down Job Targets
• 00:12:40 - Joining Tableau Software
• 00:13:46 - Leadership and Product Impact at Tableau
• 00:16:15 - Belief in Self and Skill Set
• 00:18:02 - Receiving an Offer and Equity at Tableau
• 00:20:33 - Learning from Tableau's Operational Excellence
• 00:24:10 - Transition to Snowflake and IPO Preparation
• 00:27:36 - Emotional Impact of Career Transitions
• 00:30:46 - Joining Snowflake and Recognizing Opportunity
• 00:32:53 - Equity Strategy and Financial Planning at Snowflake
• 00:36:18 - Observing Leadership Changes and IPO Strategy
• 00:38:44 - Wrap-up and Reflections on Career and Equity