Dr. Finance Live Podcast Episode 25 - Alec Stern Interview - America's Startup Success Expert

(Originally aired 9/16/21): https://www.youtube.com/watch?v=NsWxK4xnU00

This is Episode 25 of the Dr. Finance Live Podcast hosted by Dr. Anthony M. Criniti IV (aka “Dr. Finance®”). Dr. Criniti interviewed Alec Stern, known as “America’s Startup Success Expert,” entrepreneur, speaker, mentor, investor, co-founder or founding team member of 8 startups with 5 exits (2 IPOs and 3 acquisitions), and a primary member of Constant Contact’s founding team.

Alec Stern is an entrepreneur, speaker, mentor, and investor. He has become known as
“America’s Startup Success Expert.”

He’s been a co-founder or founding team member of 8 startups with 5 exits - 2 IPOs and 3
acquisitions. As a primary member of Constant Contact’s founding team, Alec was one of the original 3 who started the company in an attic. Alec was with the company for 18 years from start-up, to IPO, to a $1.1 Billion-dollar acquisition.

Alec was selected to the Influence 100 Authority List by Influence Magazine and was recognized as The World Authority for Entrepreneurship by The Credible Source. In 2021, Alec was 2-time Award of Excellence – Keynote Speaker recipient at top conferences. Alec is also the 2022 Be Great – Exemplary Humanitarian Award recipient.

One of the Northeast’s most accomplished entrepreneurs, he is a limited partner in Boston-
based G20 Ventures, which provides early traction capital for East Coast enterprise tech
startups. Alec is a limited partner in Boston-based G20 Ventures. He’s also an angel investor
and mentor in a number of rising startups in various industries.

Alec is an accomplished drummer and has had the honor of sitting in with a number of
musicians.

0:00​​​​​ - 22:06 - Podcast welcome and Alec's story
22:07 - 23:55 - Books & What made you want to coauthor the 13 steps to Riches?
23:56 - 35:14 - What attracts you to speaking in front of large audiences?
35:15 - 38:23 - What is a start-up business?
38:24 - 41:46 - What is an entrepreneur? What is that person's relationship to an entrepreneur?
41:47 - 43:57 - Do you think that you would have been as successful if you invested in nonstartups instead?
43:58 - 48:03 - How do you build a business from the ground up? Walk us through your secret process.
48:04 - 53:46 - Why would the owners of a company want to have an IPO (Initial Public Offering)? What are some alternatives?
53:47 - 55:34 - What do you like to do for fun?
55:35 - 56:57 - Would you want to be the richest person in the world?
56:58 - 1:02:01 - What are some lessons that you think many businesses had to learn during the Great Pandemic Depression?
1:02:02 - 1:02:41 - Can 1 book change the world?
1:02:42 - 1:04:41 - What role has networking played in your life?
1:04:42 - 1:06:02 - Is mentoring important? Who are some of your mentors?
1:06:03 - 1:07:11 - Can 1 person change the world?
1:07:12 - 1:08:39 - What are your favorite financial books? Exit Rich, business books, etc. Simon Sinek: Start with Why
1:08:40 - 1:12:36 - Do we need money to survive?
1:12:37 - 1:14:18 - Is finance necessary for everyone? Why or why not?
1:14:19 - 1:17:10 - How important is having a purpose in business? What is your purpose?
1:17:11 - 1:18:41 - What would you like to accomplish in the next 10 years or so? Why?
1:18:42 - 1:22:19 - What would you like to be your legacy to this world?
1:22:20 - 1:30:10 - Wrap up thoughts and Outro

Dr. Anthony M. Criniti IV (aka “Dr. Finance®”) is the world's leading financial scientist and survivalist. A fifth generation native of Philadelphia, Dr. Criniti is a former finance professor at several universities, a former financial planner, an active investor in diverse marketplaces, an explorer, an international keynote speaker, and has traveled around the world studying various aspects of finance. He is an award winning author of three #1 international best-selling finance books: The Necessity of Finance (2013), The Most Important Lessons in Economics and Finance (2014), and The Survival of the Richest (2016). As a prolific writer, he also frequently contributes articles to Entrepreneur, Medium, and Thrive Global. Dr. Criniti has started a grassroots movement that is changing the way that we think about economics and finance.

For more information about Doctor Finance, please visit https://DrFinance.Info​​​​​

Disclaimer: This Podcast is for informational purposes only. It is presented with the understanding that the author(s) and the publisher(s) are not engaged in providing financial, legal, or other professional services. If financial, legal, or any other form of advice is needed, please consult a financial advisor, an attorney, or another professional advice-giving entity.

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