In August 2020, I stepped down from my first business, Social Chain.
Like most founders, I genuinely saw this business as my baby. Starting it at 19 years old meant the business was the only thing I had ever known. I grew up alongside it.
The 8 years I was there were spent entirely focused on turning Social Chain into the most successful business possible, and I neglected building a network or connecting with other entrepreneurs.
The nature of running an agency meant it was very difficult to naturally connect with other entrepreneurs. I always felt like they’d think I was trying to sell them something, rather than genuinely looking to build meaningful connections.
Stepping away from Social Chain removed the risk of that seemingly ulterior motive.
It allowed me just to connect with entrepreneurs to share our experiences.
Since August 2020, I have spoken with over 50 founders who have either sold their business or have scaled it to a point where their day-to-day involvement has changed drastically. In these conversations, we’d share our experiences on running a growing business, and I saw a number of common threads.
The main one was this:
Founders wish they had access to support from people who had been there and done it before them. Established entrepreneurs who could help them avoid mistakes or support on major strategic decisions.
It was these conversations that inspired myself and my co-founders to launch Fearless Adventures.
Fearless Adventures is funded by 9 entrepreneurs, all of whom have grown their business to over £100m valuations. Some of our partners have exited privately while others followed the Social Chain route and listed their companies.
We believe that entrepreneurs are best placed to support future entrepreneurs with funding as opposed to Venture Capital or Private Equity firms, as our first-hand experience means we understand in detail the issues and difficulties these entrepreneurs will face when running their business.
One thing I learned from Social Chain and wish I did more was document the journey in detail, so, if you’re asking yourself ‘why am I reading this?’, here’s your answer:
I want to build Fearless Adventures as publicly as possible.
My ambition with this newsletter is to share insight into growing and scaling a company the 2nd time round, as I support the businesses we invest in on their own personal Adventures.