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Why Listen:

My guest today is an entrepreneur, but not the type that you usually think about. We've had a couple of guests on the show who have done what is called a search fund, which is what I thought I was doing most of my time at Business School. Rather than coming up with an idea, which many people struggle to do and starting your own company, a search fund enables you to raise money, to go out and find a company, usually a mom and pop type shops, something that's doing well that could use a new owner, new management, you purchase that company, and then grow it from there, which is what my guest today did. He purchased a company with 20 employees, and he's grown it to many more than that 20 employees. We talk a lot about that, his advice on search funds and advice on entrepreneurship, what it's like managing outside of the military versus inside of the military. Just really a lot of great advice for those of you considering entrepreneurship. 

About Daniel:

Daniel Reese is the CEO of IntellaTriage, the number one provider of tailored nurse triage solutions. After graduating from the Naval Academy, he served on nuclear submarines and then attended Harvard Business School. Daniel acquired IntellaTriage through an entrepreneurial vehicle called a search fund.

Selected Resources: 

• Daniel’s LinkedIn: https://www.linkedin.com/in/dreesemba/ 

• IntellaTriage: https://intellatriage.com/ 

• Veteran Readiness and Employment (VR&E) Home: https://www.benefits.va.gov/vocrehab/ 

• Zero to One by Peter Thiel: https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296

Time Stamps:

• Daniel’s background [0:39]

• Daniel’s experience with search fund [3:54]

• How Daniel developed his skills around fundraising [9:06]

• Daniel’s biggest weakness while managing a growing business [11:10]

• How the Naval Academy helped Daniel as an entrepreneur [13:35]

• Is Business School important for entrepreneurs? [15:39]

• Advice for being a successful entrepreneur [18:58]

• Search fund advice [20:31]

• Having a business alone vs having Co-founder(s) [21:50]