The Power of Starting a Company at a Young Age

TLDRStarting a company at a young age gives you the advantage of time to make mistakes and learn from them. It is important to have a clear vision and go for it, rather than following a predefined career path. Benjamin Deer, founder and CEO of Vesto, shares his experience and insights on entrepreneurship.

Key insights

💡Starting a company at a young age gives you more time to make mistakes and learn from them.

🚀Having a clear vision and going for it is more important than following a predefined career path.

🌟Persistence is the key to success in entrepreneurship.

💰Vesto helps startups invest their cash and simplify their finances.

Time is a valuable resource for young entrepreneurs and should be used wisely.

Q&A

What is Vesto?

Vesto is a cash management platform for startups, helping them invest their cash and simplify their finances.

What are the advantages of starting a company at a young age?

Starting a company at a young age gives you more time to make mistakes and learn from them, as well as the advantage of having a clear vision and going for it.

Is age a determining factor for success in entrepreneurship?

No, age is not the biggest criterion for success in building a company. What matters more is the quality of the idea, the product, and how well you serve your customers.

What is the biggest factor for success in entrepreneurship?

Persistence is the biggest factor for success in entrepreneurship. Never giving up, even in the face of challenges and setbacks, is crucial.

How does Vesto ensure the security of customer funds?

Vesto operates as an investment advisor and never touches customer funds. The funds are held in custodial brokerage accounts under the customer's name, ensuring their security.

Timestamped Summary

00:00Benjamin Deer started his first company at the age of 15, taking advantage of the time to make mistakes and learn from them.

03:41Benjamin Deer founded Vesto, a cash management platform for startups, to help them invest their cash and simplify their finances.

05:39Age is not the biggest criterion for success in entrepreneurship; what matters more is the quality of the idea, the product, and how well you serve your customers.

06:54Persistence is the key to success in entrepreneurship, as it allows you to overcome challenges and setbacks.

08:28Vesto ensures the security of customer funds by operating as an investment advisor and never touching the funds. The funds are held in custodial brokerage accounts under the customer's name.