David Hauser is a Serial Entrepreneur, Investor, Author & the Founder of the virtual phone company - Grasshopper, which he bootstrapped and successfully sold in 2015 for $176M. He has been an entrepreneur from an early age, and the first company he co-founded at 17 was Return Path which raised $120 million and was acquired later on. David has been an investor and advisor for many companies, and has also co-founded a number of startups including Chargify, Spreadable, and PopSurvey. In this episode we discuss: - Steps to take to become a successful entrepreneur - Advice for young founders - How to find your "calling" & what problems to solve - Debt vs. Equity and when to take Each - How to Evaluate Risk & Make better Decisions - What to Focus on When Starting a Business - Where to Invest in 2021 - The Future of Work post-pandemic David Hauser - Bootstrapping & Scaling Companies to Success: 1:59 - Secret to Life Balance 2:17 - On Setting Priorities 2:45 - Managing Multiple Companies 4:07 - Where to Invest in 2021 5:08 - Growing on Social Media 6:01 - What it Takes to be a Successful Entrepreneur 6:56 - How to Figure Out Your "Calling" 8:01 - How to Know When to Walk Away from a Project 9:06 - Narrowing Down the Problems to Care About 10:20 - When Should You Monetize Your Business 11:46 - Debt vs. Equity and When to Get Each 13:01 - What Separates Good Entrepreneurs from the Great Ones 14:30 - Cash Flow Management Strategy 15:32 - What Should Entrepreneurs Focus Early On 17:55 - Dealing with the Pandemic 19:14 - Future of Work from Home 21:50 - Secret Sauce for a Successful Marketplace Platform 24:56 - Would You Rather Game 29:44 - How To Decide Which Opportunities to Pay Attention to 31:00 - Advice to a Younger Self 32:44 - Tips on Evaluating Risk 33:42 -The Best Way to Create Wealth & Multiply it 35:49 - Problems Entrepreneurs Can Focus On 38:17 - Finding an Investor 40:28 - Every Successful Person Should Have the Following 43:40 - What David is Learning & Working On Right Now 44:59 - A Millennial Is 45:13 - A Millennial Should Be 45:23 - A Millennial Is Not 45:37 - Connect with David