How do you create unfair advantages? - Tyler Tringas: Founder of Earnest Captial

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Hi, my name is Stuart Allsop and this is my podcast, Crazy Wisdom, where I interview creative people about how they work with and manage the stress that is inherent in creative work. What I've realized over the past 10 years of my research is that anybody who is creating something of value that is significantly different from what has come before is considered crazy. Most of us have a fear, an ingrained fear of going crazy. So what I'm saying is grab onto that fear, realize that it's there, and just go with it. Because the problems we're going to be facing over the next 20 years require crazy people in order to solve them.

Welcome to the Crazy Wisdom podcast. My guest today is Tyler Tringas. He is the founder of Earnest Capital. They provide funding for bootstrappers. And for those of you who don't know, a bootstrapper is someone who builds a company based off of revenue alone and does not seek to raise money, which is interesting. And I'm excited to talk more about Tyler, about how they actually provide funding for these people. So welcome to the show, Tyler.

Thanks for having me.

Yeah. So why would a bootstrapper, or like what, what is the. So if a bootstrapper is building a business based off of revenue alone, is that an accurate definition?

I think so. I mean, so I call what we do funding for bootstrappers because it's a conversation starter. I say it and then a lot of people kind of sit there and grapple with some of those words and struggle for to sort of ask follow up questions. But, you know, I think the premise of what we do is taking the bootstrapper mentality and word bootstrapper means a lot of different things to most people. One of the things it means is I didn't raise any outside capital, but it also has a lot of these connotations around building kind of sustainable, profitable, calm companies that are not necessarily trying to be rocket ships or unicorns or any of these sort of things. And one of the core questions that we ask is do those two pieces the never raising any capital and the other piece of raising a profitable, sustainable company, do they have to be together or can you sort of split those apart and can you actually build a fund that can invest in these companies while allowing them to maintain a level of independence and run their companies the way that they want to do it? So that's kind of our objective, is to ask that question.