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SaaS Interviews with CEOs, Startups, Founders

What if you knew data behind the fastest growing SaaS companies today? Each morning join Nathan Latka as he spends 15 minutes interviewing SaaS founders. You'll learn how SaaS CEO's launched their startup and grew it into a business. SaaS Founders range from bootstrapped to funded, MVP to 10,000 customers, pre revenue to pre IPO.
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Now displaying: Page 1
Oct 12, 2016

Timothy Sykes – the Penny Stocks Guru.

Famous Five:

  • Favorite Book? – Losing My Virginity
  • What CEO do you follow? – N/A
  • Favorite online tool? — Business Insider
  • Do you get 8 hours of sleep?—“I wish. I really wish”
  • If you could let your 20 year old self know one thing, what would it be? – “Don’t be so cocky”

 

Time Stamped Show Notes:

  • 01:42 – Nathan introduces Timothy to the show
  • 02:05 – Tim trades penny stocks and people attack him for doing it
    • 02:12 – Most people in a company fail
  • 02:53 – Tim was 17 when he got into business
    • 03:00 – Turned $12,000 into nearly $2 million
    • 03:30 – He’s getting more conservative now
  • 03:58 – First splurge
  • 05:00 – The price was $ 17,000 per share
    • 05:20 – Crazy volatility
  • 05:40 – ISCO stock price now
  • 05:50 – Causes of stocks going down
  • 06:03 – Tim is a short-seller
  • 06:25 – Tim defines short squeeze
    • 07:00 – “In order to cover your short, you have to buy it back”
    • 07:10 – Shorts are getting squeezed when the stock goes up too quickly
  • 07:25 – The stock market is not always logical
  • 08:25 – Penny stocks
  • 09:10 – Stocks are not scalable
  • 09:25 – Shorting requires a loan from a broker
    • 09:40 – “If there’s a scam, everybody wants to short it”
  • 09:45 - Tim’s strategy is ideal for people with small accounts
    • 10:05 – Stock of sponge company
    • 10:40 - HUSP
  • 11:07 – Research that Tim is doing to find out things about the scams
    • 11:17 – Created a tool StocksToTrade.com
  • 11:35 – Playing the volatility
  • 11:57 – Tim was on a TV Show that led him to start teaching stocks
  • 12:41 – First year revenue
  • 13:10 – Total revenue is 2015
  • 13:40 – How Tim uses the people who attack him to his benefits
    • 14:01 – Tim attacks companies and scam
  • 14:48 – Tim’s blog
  • 15:50 – Tim’s list size
    • 16:00 – People have to learn how to read the materials
  • 16:30 – Total number of unique customers since 2007
  • 16:41 – Selling DVDs and streaming DVDs
  • 17:31 – Tim made an apology posts
  • 18:05 – Tim’s parents work with him
  • 18:30 – Tim is giving to charities and foundations
  • 19:15 – Tim made $27M in 2016
  • 20:16 – Connect with Tim through his Twitter and Instagram
  • 21:50 – The Famous Five

 

3 Key Points:

  • It’s not always about the money – sometimes, imparting your knowledge is more important.
  • Don’t let people bring you down.
  • Try to find the good in the all the negativities. Make impossible, possible.

 

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • @Timothysykes – Timothy’s Twitter handle
  • @Timothysykes – Timothy’s Instagram account
  • Show Notes provided by Mallard Creatives

 

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