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"Under-promise and Over-deliver" with David CM Carter Founder of Entelechy Academy | 335

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March 20, 2024

Company Stats:

  • Employees: 35+
  • Funding Raised: £6 million in funding to date. The initial seed funding (Round One) amounted to £1 million, followed by a second round (Round Two) of £5 million. The company is currently in the process of closing its next fundraising round, aiming for another £5 million.
  • Founded: March 2020

Episode Highlights:

  • ✅ David Carter shares the resilience and innovation behind Entelechy Academy, emphasizing the critical role of investor trust and adaptability in overcoming challenges.
  • ✅ The conversation underscores the importance of mentorship in shaping entrepreneurial paths, highlighting David's journey from receiving guidance to being a guiding force for CEOs globally.
  • ✅ The strategy of "under-promise and over-deliver" is advocated as a cornerstone for building successful business relationships and ensuring sustainable growth.

Episode Summary:

In this episode, David Carter, the chairman and founder of Entelechy Academy, walks us through his journey of creating the world's first AI-powered platform aimed at enhancing human intelligence. Starting amidst the adversities, Carter highlights how securing investor trust and navigating through market uncertainties were pivotal in raising £6 million for his venture. The story of Entelechy's inception, following the collapse of Carter's previous business, serves as a testament to resilience, innovation, and the power of a supportive investor base willing to back the vision despite past setbacks. Additionally, Carter delves into the significance of mentorship in his entrepreneurial endeavors, his philosophy of building a successful sales pipeline for startups, and the strategic approach of under-promising and over-delivering to exceed expectations and foster long-term relationships with both customers and shareholders.

Chapters:

00:00 Intro

00:09 Company Stats

01:07 The Birth of a New Venture Amidst Adversity

03:21 Overcoming Challenges and Securing Investor Trust

05:51 The Role of Mentorship in Entrepreneurial Success

07:07 Building a Successful Sales Pipeline for Startups

09:56 The Strategy of Under-Promise and Over-Deliver

12:08 How to Connect with David Carter

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About Chad Kaleky

Chad Kaleky will act as your host and guide on this journey. A seasoned entrepreneur with a passion for sharing the unvarnished truth behind success, he has walked the same path as many of our guests. Chad brings a unique perspective that bridges the gap between aspirations and reality.

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Entelechy Academy

Chad Kaleky conducts an interview with David CM Carter on his podcast "Failing to Success" on Mar 20, 2024. The discussion revolves around David CM Carter's success after overcoming challenges at Entelechy Academy. The information shared about Entelechy Academy is derived entirely from this podcast episode.

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David CM Carter

The strategy of "under-promise and over-deliver" is advocated as a cornerstone for building successful business relationships and ensuring sustainable growth.

How did David CM Carter With Entelechy Academy Grow Their Business?

Company Stats:

  • Employees: 35+
  • Funding Raised: £6 million in funding to date. The initial seed funding (Round One) amounted to £1 million, followed by a second round (Round Two) of £5 million. The company is currently in the process of closing its next fundraising round, aiming for another £5 million.
  • Founded: March 2020

Episode Highlights:

  • ✅ David Carter shares the resilience and innovation behind Entelechy Academy, emphasizing the critical role of investor trust and adaptability in overcoming challenges.
  • ✅ The conversation underscores the importance of mentorship in shaping entrepreneurial paths, highlighting David's journey from receiving guidance to being a guiding force for CEOs globally.
  • ✅ The strategy of "under-promise and over-deliver" is advocated as a cornerstone for building successful business relationships and ensuring sustainable growth.

Episode Summary:

In this episode, David Carter, the chairman and founder of Entelechy Academy, walks us through his journey of creating the world's first AI-powered platform aimed at enhancing human intelligence. Starting amidst the adversities, Carter highlights how securing investor trust and navigating through market uncertainties were pivotal in raising £6 million for his venture. The story of Entelechy's inception, following the collapse of Carter's previous business, serves as a testament to resilience, innovation, and the power of a supportive investor base willing to back the vision despite past setbacks. Additionally, Carter delves into the significance of mentorship in his entrepreneurial endeavors, his philosophy of building a successful sales pipeline for startups, and the strategic approach of under-promising and over-delivering to exceed expectations and foster long-term relationships with both customers and shareholders.

Chapters:

00:00 Intro

00:09 Company Stats

01:07 The Birth of a New Venture Amidst Adversity

03:21 Overcoming Challenges and Securing Investor Trust

05:51 The Role of Mentorship in Entrepreneurial Success

07:07 Building a Successful Sales Pipeline for Startups

09:56 The Strategy of Under-Promise and Over-Deliver

12:08 How to Connect with David Carter

Notable Questions We Asked David CM Carter

What is Entelechy Academy, and who founded it?

Entelechy Academy is the world's first AI-powered platform designed to enhance human intelligence, founded by David Carter in March 2020.

How much funding has Entelechy Academy raised, and in how many rounds?

The academy has raised £6 million in funding across two rounds, with an initial £1 million in round one, followed by a £5 million in round two, and is in the process of closing another £5 million round.

What challenges did David Carter face while launching Entelechy Academy?

Carter faced significant challenges, including the collapse of his previous business and difficulties in securing initial funding. However, the trust and support from former investors enabled him to launch the new venture.

How important is mentorship according to David Carter?

Mentorship plays a crucial role in Carter's entrepreneurial journey, both as a recipient and provider. He attributes much of his success to the guidance received from mentors and emphasizes the importance of mentorship in business growth and personal development.

What sales strategy does David Carter recommend for startups?

Carter recommends building a sales pipeline by leveraging personal networks, offering pilots or free trials, and ensuring over-delivery on promises to build trust and validate the product or service in the market.

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