Transcript
A (0:00)
Hey, everybody, it's Morgan Devon. Welcome back to the Journey podcast. I'm excited today because I have a new guest for you, Nicholas Crown. Nicholas is known for his Rich versus Really, really Rich series and he has a new book out that I really hope you guys go and check it out. We're going to get into a few different things. Nick is also a serial entrepreneur and investor. He's done a variety of things. So, Nick, welcome to the show.
B (0:25)
Thank you. Appreciate it.
A (0:27)
Hey, everyone, I'm Morgan Debon, a passionate entrepreneur and life advisor. With the Journey podcast, you'll discover that success isn't about the destination, it's about the journey. I'm sharing stories of amazing people who've taken control of their lives. Join me on my own journey to discover the secret sauce behind reaching success. With permission from no one else. So tell me a little bit about your background as an entrepreneur. Let's start from the beginning. ATS Applicant Tracking System is something that you kind of originated. Tell me a little bit about how you got started into tech and building things.
B (1:04)
I was an entrepreneur by necessity. I had left Wall street in about 2016 and I wanted to try something new. And I just kept failing at everything that I tried. So at one point I kind of looked in the mirror and I really didn't have much money left. I made a good use of the couple million bucks I had traveling around the world and having some. I said, well, we really need to figure it out now. We really need to come up with a plan. And I don't know who said it, but you get paid for doing boring stuff that you happen to like. And you know, as a manager on Wall Street, I was always reviewing resumes to bring people on board, my, my trading desk, whatever in the general organization. Just part of the role, you know, if you're a director on, in an investment bank. And I said, I kind of like reading resumes. I kind of, you know, there's this sort of sick pleasure I took in reading a good resume and, you know, circular filing a crappy resume. And I said, you know, I think there's an opportunity out there to start, you know, from very humble means, a resume writing business. And, you know, it's a very, a stark contrast from high flying Wall street days. But again, you got to start somewhere, right? And I knew that I didn't want to work within the confines of an investment bank anymore. I knew that I wanted to be out of my own. I knew I wanted to own 100% of my good decisions or bad decisions. And Yeah, I started with a seemingly unusual place, which was resume writing. And so, because I just generally end up nerding out about the details, I started to reverse engineer the way technology makes hiring decisions. And that's a real. That's a whole podcast in itself. Because, you know, I'm not sure your background, if you've ever hung out with someone in hr, but they get handed a thousand resumes, and let's face it, there's no human on planet Earth that can read, let alone 30 resumes a day and genuinely absorb the information. So there's a lot of software and technology that's combing through your job resume and your career history before any human is going to touch it 100%. And so I built a business around thinking about machines first and humans second. And so that was my first business. And I had an opportunity to learn a ton and to eventually start to get back to the Wall street days of having some money in my pocket, because I spent probably five years without income after leaving Wall Street. So, you know, everyone in their entrepreneurial journey sets a timeline. They say, I'm going to make my first sale in a year. I'm going to make my first sale. Times it by two or three.