“You only need one of them to hit… you put money into 20 different shares at low prices and you only need one of them to hit”
♫
Said on The Finance Garage
Scott Tannen · How I Built This with Guy Raz · Advice Line with Scott Tannen of Boll & Branch and Jamie Siminoff of Ring (2025)
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advised taking only the minimum amount of investor money needed to maintain control
“You only need one of them to hit… you put money into 20 different shares at low prices and you only need one of them to hit”
“We were only doing three-month minimum subscriptions. I was confident you'd need me at month four, at month 20, so I sell you on value rather than trap you in a contract.”
“Do your baseline expenses, do your baseline budget. What's your bare minimum that you've got to pay? Divide that by 12 and then put the money aside. When you've got more money, put extra money.”
“You need to pick an amount of money that you're going to feel good going to sleep at night having in your back pocket”
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