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In this episode, Brock talks with Jake Dulle. Jake is a former Navy submarine officer and now currently the CEO of Localvest, a marketplace to bring together veterans looking for funding for their small business and investors. In this episode Jake talks through how he found himself in the position of looking to make private investments, why he explicitly invests in veteran founders, and what they're building at Localvest to help get veteran businesses funded.
Episode Resources:
Show Notes:
Veteran-led businesses and networking. 0:00
Where military experience fits into post service networking. 6:37
Investing in veteran-led businesses and building trust. 9:43
Trust and intentions in veteran-related initiatives. 15:09
Jake's background and joining Localvest. 17:49
Places veterans can go to get funding. 23:09
Investment strategies and asset classes for an accredited investor. 27:23
What opportunities are exciting to Jake today. 34:49
Entrepreneurship and risk-taking in the US. 40:19
The importance of making the first sale. 45:11
Entrepreneurship, excuses, and execution. 50:52
Why side hustles can help vets through transition beyond just something to stay busy. 54:22
Overcoming procrastination and taking action in business. 58:07
Monetizing a platform for investment opportunities. 1:08:57
Challenges in creating a dual-sided marketplace. 1:13:28
Why venture is probably not the answer 1:15:35
Finding new words for lifestyle businesses. 1:21:30
How to start your comms plan to raise. 1:31:17
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The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military.
The Scuttlebutt Podcast features discussions on lifestyle, careers, business, and resources for service members. Show host, Brock Briggs, talks with a special guest from the community committed to helping military members build a successful life, inside and outside the service.
Follow along:
• Episode & transcript: https://www.scuttlebuttpodcast.co/
• Brock: https://www.brockbriggs.com/
Jake Dulle
CEO
A 2001 USNA grad, Jake was a submarine officer. He earned an MBA at Washington University in St Louis. Jake served in various operational, supply chain, and procurement roles at ExxonMobil. He has been an investor on Localvest from the beginning of the platform. Jake combines his operational experience with his perspective as investor to bring the best experiences to the platform. We need more investors investing in Veteran-led companies of all kinds!
Jake lives in Virginia with his wife, Molly, and two kids, Alex and Kate. You can find him out camping with the Scouts or woodworking in his workshop. Maybe you will find Jake in your area as he tries to see a game in every MLB stadium before Alex graduates high school.