Starting a company is the WORST way to get RICH | Ajinkya Tanpure: Founder & CEO - Crossval

Welcome to The Dollar Diaries podcast, where we dive deep into the world of finance, money management, and everything in between. Join your hosts, Jamilah, Guhaesh, and Abubakr, as they embark on a journey to unravel the mysteries of money and share their own experiences along the way.🎙️ About The Dollar Diaries 🎙️The Dollar Diaries is your go-to podcast for all things money-related. Whether you're a seasoned investor, a newbie saver, or somewhere in between, we've got you covered. We explore diverse perspectives on managing money, making smart financial decisions, and even navigating the occasional financial hiccup.💡 Meet Your Hosts 💡Jamilah: With a background in marketing, Jamilah brings her unique take on money matters. She's on a mission to turn her 10 into 100 and share her insights and challenges with you. https://instagram.com/jamilahparekhhAbubakr: As a finance major, Abubakr's journey is a blend of knowledge and learning. He's determined to prevent his 10 from turning into zero, and he's here to uncover the secrets of successful money management. https://instagram.com/bbaakkrrrGuhaesh: A finance enthusiast who's always up for a stimulating conversation. Armed with a degree in finance, he has an insatiable curiosity for unraveling intricate financial concepts. https://instagram.com/guhaeshTimestamps:00:00 - Intro01:00 - Young people and Startups01:17 - The importance of team dynamics01:18 - Expectations at startups03:00 - Building a startup is not a sustainable way to get rich04:23 - Investing in the S&P 500 vs listening to influencers05:03 - Entrepreneurship is a lonely process05:43 - The perks of a 9-5 job06:13 - The perks of unemployment06:23 - Repetition can get tiring06:51 - The importance of figuring things out07:38 - Remote vs onsite08:26 - "It's a hiring problem, not a people’s problem"08:35 - How Ajinkya builds his team culture09:26 - Is rent a wise expense?10:15 - What Ajinkya does with the ‘rent’ money10:57 - "If you need to order more than two pizzas for your team, it is too big"11:59 - People self-correct when policies don't exist12:43 - "We are structured like a sports team"13:01 - 5-day workweek vs 4-day workweek13:49 - "A lot of these are hiring issues that we try to fix by creating rules"14:40 - The trickle-down effect15:21 - Ajinkya’s plans15:54 - CEOs and founders become glorified email senders17:25 - How Ajinkya spends his weekends18:04 - ‘How many of your friends hate you?19:12 - Abubakr’s social ethics20:16 - Problems with serial entrepreneurs21:58 - The funny part about entrepreneurship23:53 - What do VC’s prefer?25:13 - Sports performance is linked with business performance25:48 - Wrap upProducers: - Abubakar Sajith: https://instagram.com/bbaakkrrr- Aditya Poddar: https://instagram.com/redbullvodka_- Emmanuel Almeida: https://instagram.com/emmxnu- Guhaesh Subramanian: https://instagram.com/guhaesh- Jamilah Parekh: https://www.instagram.com/jamilahparekhh/- Liz Ann D'Souza: https://www.instagram.com/lizann_10/SPEND LESS: SPEND LESS is an online community for young adults who are eager to build a financially stable future while not compromising on the joys of life.🫂 Join the community NOW!https://chat.whatsapp.com/FG67aEgWQa5IP1W1ue5J8sSocials: Twitter- https://twitter.com/theTDDpodcastFacebook- https://www.facebook.com/thedollardiariespodcastInstagram- https://www.instagram.com/thedollardiariespodcast/Twitch- https://www.twitch.tv/thedollardiariespodcastLinkedin- https://www.linkedin.com/company/spendless-cash/