The Altogether Show with Eric Satz

The Altogether Show
The Altogether Show with Eric Satz

Money is personal. In fact, perhaps finance and investing talk is typically dry to shield against having real, candid conversations about how money shapes our lives, informs our choices, and even makes us feel about ourselves. In other words, conversations that really matter. At Alto, “You Do You” is a defining principle, not just because it's fun and interesting, but because really — what's the alternative? Entrepreneur, serial investor, and series host Eric Satz founded Alto with the belief that being true to ourselves is fundamental to living fully and well — in work and in retirement — and money, however much or little, is a crucial tool for doing this. We can all learn to use it better to secure the lives we want. The guests on the Altogether show are living and working with the kind of courageous self-awareness, energy, and determination that we admire. So we want to share their stories, hear about their relationships with money, and maybe learn a thing or two along the way.

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    Anthony Scaramucci on Resilience and the Future of Digital Currency

    This episode was originally aired on February 12, 2021. Life isn’t always black and white, and sometimes the gray is controversial. This week’s guest firmly believes in staying true to himself, living by his grandmother’s maxim: “What other people think of you is none of your business.” In this episode, you’ll hear that come to life. When asked to describe himself, he said gratitude, resilience, and enthusiasm. This is a man who now has his own unit of time: A “Scaramucci.” Anthony was a successful entrepreneur, financier, and political player well before stepping up to the podium as White House Director of Communications in 2017—for 11 days. Reflecting on this trajectory with surprising self-awareness, Anthony shares stories of the people and places that gave him the stomach to make mistakes, move past failure, and charge forward, living unapologetically big. For Anthony, choosing risk and testing his resilience are central to being alive, and not at all contradictory to being a conservative institutionalist. A blue-collar-born elite—educationally, socially, and financially—Anthony speaks the vernacular of the person he’s talking to. He knows who he is, but he keeps us guessing.  (2:36) – Who is Anthony Scaramucci? (11:03) – Growing up in Port Washington (16:55) – Getting fired from the White House (19:01) – A “Scaramucci” (22:47) – Ruling over serving (32:01) – Betting on yourself (37:45) – Challenges for the average American investor (44:23) – Bitcoin funds for SkyBridge (51:18) – Acknowledging hypocrisy Anthony Scaramucci is the founder and managing partner of SkyBridge Capital. Previously, he co-founded Oscar Capital Management, which was sold to Neuberger Berman LLC in 2001, and served as the Vice President in private wealth management at Goldman Sachs. Anthony was the White House Communications Director for a short period in July 2017 under President Trump. He has published four books: The Little Book of Hedge Funds, Goodbye Gordon Gekko, Hopping Over the Rabbit Hole, and Trump: The Blue-Collar President. He earned a bachelor’s degree in economics from Tufts University and a Juris Doctor from Harvard Law School.  Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz on Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review on Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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    Brian Feroldi on Financial Wellness and Demystifying the Stock Market

    Despite the 280-character limit, Brian Feroldi has found a way to utilize Twitter as a profound tool for sharing insight into financial health and taking a money mindset. Whether on social media, YouTube, or The Motley Fool, Brian is dedicated to discussing personal finance and investing in plain language that everyone can understand.   Brian Feroldi is a financial educator and writer focused on demystifying the stock market and promoting financial wellness. In addition to being featured on The Motley Fool, Brian recently published Why Does the Stock Market Go Up? in April 2022.    In this episode, Brian shares his conservative personal finance approach and how it enables his aggressive investment strategy, which includes his 3% rule and how his investments reveal what their positions should be in his portfolio. Brian discusses understanding the basics of the stock market and endorses index funds, dollar-cost averaging, and portfolio diversification. He also provides insight into the labor involved in trading individual stocks and their role in his investment portfolio. Later in the episode, Brian and Eric discuss educating your children about finance and the approaches that have worked in their households.  (2:19) – Who is Brian Feroldi? (4:57) – The college years (7:36) – Resisting lifestyle creep (9:44) – Not all debt is equal (12:00) – Buy now, pay later (16:34) – Index funds (20:00) – Dollar-cost averaging (21:02) – Human nature vs. the market (24:46) – Understanding share price fluctuations (27:41) – The future is unpredictable (31:27) – Enjoying the process of investing (32:46) – The Motley Fool and David Gardner (35:05) – Portfolio diversification (39:25) – Going above 3% (41:31) – Boston and wonton soup (43:41) – A natural-born saver (46:20) – Teaching children about personal finance Eric Satz—entrepreneur, serial investor, lover of hot peppers—is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32

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    Sheel Mohnot on Seed-Stage Investing

    A pair of headphones tangling in the spokes of a bike is one of the more unique inciting moments of an entrepreneurial venture. While his entrepreneurial spirit would lead him to Hong Kong and scouting factories in Southern China, it was Sheel Mohnot’s experience working in India with Kiva that would greatly influence his career as an investor. Impacted by the individuals he met, Sheel discovered a passion for investing in resilient and tenacious people. Sheel Mohnot is a seed-stage fintech investor, co-founder and GP of Better Tomorrow Ventures, and founder and GP of 500 Fintech. Inspired to “work on hard problems'' by renowned Professor C.K. Prahalad during his MBA at University of Michigan, Sheel has created and led a number of companies and served as a personal angel investor. In this episode, Sheel discusses the key lessons he has learned in fintech investing about dilution, recognizing resilient founders, and the reality of investing in an unsuccessful company. Sheel shares stories of his early ventures and insights into his current projects, including his collaboration with Jake Gibson on Better Tomorrow Ventures. (3:14) – A father’s journey (8:56) – High school and beyond (13:10) – Indicorps and Kiva (18:11) – Returning to business school (21:50) – The first entrepreneurial venture (29:36) – FeeFighters (38:54) – 500 Fintech (47:08) – Investing in the jockey (51:41) – Better Tomorrow Ventures Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32

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    Rachael Horwitz on Embracing Growth Opportunities and the Web3 Revolution

    An In-N-Out burger might be the key to lasting, meaningful professional relationships. Popping out of the office to grab a bite to eat was one of the ways Rachael Horwitz bonded with colleagues in her early years at Google, and the relationships formed during these years would lead to incredible career opportunities in her future. Rachael Horwitz is a communications expert, currently serving as the Chief Marketing Officer at Haun Ventures. Previously, Rachael was an Operating Partner at Andreessen Horowitz, and she has served on and led communications teams at Google, Facebook, Twitter, and Coinbase during major growth stages for each company. From an early age, Rachael sensed an entrepreneurial spirit in her family. In this episode, she shares how a desire to surround herself with smart, driven young people drew her to Google in the mid-2000s, where she discovered a love of working in an engineering and product-focused culture. Rachael reflects on being a “marathoner” in her professional career, including her journey traversing several high-growth opportunities and the risks she took joining companies in their early stages. Speaking with Eric, Rachael discusses interpersonal communication in the workplace, assuming good intentions, and prioritizing forming strong relationships with peers. She shares her experience earning the role of Vice President of Communications at Coinbase and the major effort (and enthusiasm) she put into her interview process. In transitioning to her most recent role at Haun Ventures, Rachael talks about collaborating with her mentor and friend Katie Haun on the exciting new project.  (1:38) – Who is Rachael Horwitz? (5:26) – The power of California (8:55) – The early years (13:35) – Embracing risk (16:19) – High-growth opportunities (17:51) – Advice for younger Rachael (20:55) – Self-awareness (24:06) – Assuming good intentions (27:58) – From politics to Google (32:55) – Forming the strongest bonds (41:28) – Jazz and karaoke (45:56) – Twitter to Facebook to Spark Capital (47:43) – Joining Coinbase (55:29) – Haun Ventures Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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    Shane Mac on Communication and Formative Collaborations

    Shane Mac is particularly proud of one of the several successful companies he co-founded in the last 10 years: Squared Away. Co-founded with his former assistant without venture funding, Squared Away connects military spouses with quality remote employment opportunities.  In addition to Squared Away, Shane is the co-founder and President of XMTP, founder and General Partner of Logos Labs, and a passionate writer and musician. He also co-founded and served as CEO of Assist, which was acquired by Verint after merging with Conversocial. In this episode, Shane provides insight into his impressive trajectory, beginning with crucial advice he received from his brother during his senior year of high school. He discusses the additional influential figures who have helped shape his path and what they have accomplished together by embracing curiosity and communication. Shane opens up about managing anxiety and sobriety while discussing relocating from San Francisco to Nashville, and his exciting ideas for the “switchboard” city. Later in the episode, Shane talks Eric through his current projects, including a glimpse into his ready-to-launch XMTP, a new communication protocol for Web3, which, if all goes well, will be virtually invisible. (1:44) – Following his curiosity (4:55) – A brother’s impact (6:21) – Baseball (8:09) – Finding music (12:32) – Exploring e-commerce (15:00) – Microblogging (17:25) – Developing Assist (23:33) – Examining company culture (28:03) – Squared Away (35:12) – Escaping San Francisco for Nashville (37:01) – Dealing with anxiety (40:24) – Designing the perfect day (43:50) – Cauliflower gnocchi and Taco Bell (47:05) – XMTP (57:44) – Logos Labs Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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    Lorenzo Thione on Representation and Addressing Funding Imbalance

    Moving to the United States from Milan in 2001—mere months before September 11—Lorenzo Thione was quickly forced to reckon with life’s lack of guarantees. The only life worth living was an authentic one. Coming out was a must, and he never looked back. Lorenzo Thione is an entrepreneur, technologist, venture investor, and producer making an impact across several organizations: Gaingels, Sing Out, Louise! Productions, The Social Edge, and StartOut. He is a resolute LGBTQ community advocate and dedicated to amplifying underrepresented voices and stories. In this episode, Lorenzo discusses co-founding StartOut and managing Gaingels, and their respective commitments to LGBTQ entrepreneurs. He reflects on the significance of receiving funding and value from a diverse source and the immense impact of representation. In addition, Lorenzo shares insights into selling a company and assembling a diverse board of directors and leadership team. A true multi-hyphenate, Lorenzo speaks with Eric about his journey developing a Broadway musical alongside George Takei. Weaving his theatrical pursuits alongside his entrepreneurial advice, Lorenzo shares the profound inspiration for Allegiance and an exciting announcement about the future of the musical. (0:39) – Entrepreneur at heart (5:13) – Computer science (7:53) – Feeling different (11:27) – The power of representation (14:59) – LGBTQ advocacy and StartOut (19:18) – Gaingels (26:44) – Going beyond VC (28:46) – Diversifying a board of directors (34:20) – The road to Broadway with Allegiance (47:24) – What’s the hardest thing about being an entrepreneur? (49:54) – Selling a company Eric Satz—entrepreneur, serial investor, lover of hot peppers—is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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    Lorine Pendleton on Angel Investing and Legacy

    When was the last time you read Time cover to cover? This episode’s guest would read and discuss the magazine issues with her father every week as a child. It was an activity she didn’t quite appreciate at the time, but those in-depth discussions provided a foundation for understanding the world beyond Harlem and sparked a lifetime of curiosity and an industry-spanning career. Lorine Pendleton—investor, advisor, and attorney—started her career in the halls of Capitol Records, earned her law degree, and continued her path in startups until discovering an unsettling fact: Less than 1% of venture capital was deployed to Black founders. Today, Lorine is a Lead Investment Partner at Portfolia in the Rising America Funds, which are dedicated to funding historically ignored founders and communities. In this episode, Lorine shares insight into the unique path she has carved through technology, entertainment, and law. Calling upon her investment expertise, she discusses the challenges faced by women, people of color, and LGBTQ individuals in gaining access to and receiving funding. Lorine provides a glimpse into the decision-making process at Portfolia, and she explains the role entrepreneurship can have in shifting wealth, particularly in the next decade. Later in the episode, Lorine shares with Eric several highlights in recent investments, how TIGER 21 is cultivating an empowered network of high-net-worth individuals, and her relationship with angel investing.  (2:22) - “Talent is equally distributed, but opportunity is not.” (7:01) - A father’s influence (9:02) - Harlem in the 70s (10:14) - Moving to the ‘burbs (16:34) - Attending Brown University (20:35) - Capitol Records (25:15) - Exploring the world of startups (27:37) - Pipeline Angels (30:40) - Portfolia (35:58) - The decision-making process (39:11) - Investment highlights (40:30) - TIGER 21 (43:35) - Angel investing Lorine Pendleton is a seasoned investor, business development executive, attorney, and public speaker with extensive experience in the legal, technology, media, and entertainment industries. She is a Lead Investment Partner at Portfolia in the Rising America Funds, the New York Chair at TIGER 21, and a Board Member of the Angel Capital Association. Lorine received a BA from Brown University and a JD from New York Law School. Eric Satz—entrepreneur, serial investor, lover of hot peppers— is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please subscribe to The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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    William Spitz on Portfolio Management and Intelligent Investing

    There's a lot of noise in the investment space—raving pundits, extreme headlines, and financial advertisements—and investors are susceptible. Long-term success requires learning to tune it out. This week’s guest is William Spitz, the highly decorated former Treasurer and Vice Chancellor for Investments at Vanderbilt University and co-founder and principal of Diversified Trust. In this episode, Bill reflects on being immersed in environments of influential and innovative financial thinkers during his MBA at the University of Chicago and in the intercollegiate, collaborative atmosphere of his early years of endowment investing at Vanderbilt. He provides a glimpse of the tremendous ten-fold growth of Vanderbilt’s endowment assets during his 1985–2007 tenure, highlighting the funds that contributed to such staggering growth. Bill and Eric dive into evolving corporate values and the current supply chain crisis. Speaking on personal investing, Bill provides essential advice on harnessing your own knowledge and embracing tinkering while trusting your portfolio. Listen in to learn how Bill manages his own portfolio after his award-winning success in endowment asset management.  (1:21) - A Renaissance man (5:12) - University of Chicago and the early years (9:57) - Return to Vanderbilt (13:14) - The growth of the endowment (16:20) - Sequoia Capital and Kleiner Perkins (18:25) - Longevity (20:38) - ESG investing (23:17) - The share buyback debate (24:28) - Supply chains and inflation (28:04) - Minimizing the damage caused by investment noise (33:41) - Crypto: exchange vs. investment (37:50) - Diversified Trust Company (40:30) - “What do I know vs. the world?” (43:00) - Signs of speculative excess (44:25) - Barbell approach to personal portfolio William Spitz is the co-founder and principal of Diversified Trust Company and serves on the Board of Directors of MassMutual Financial Group. From 1985 to 2007, he was Vanderbilt University’s Treasurer and Vice Chancellor for Investments, increasing the endowment ten-fold. He has subsequently received the Foundation & Endowment Money Management’s Lifetime Achievement Award, NACUBO’s Rodney H. Adams Award, and the Hirtle Callaghan Award of Investment Leadership. William earned a bachelor’s degree from Vanderbilt University and an MBA from the University of Chicago. Eric Satz—entrepreneur, serial investor, lover of hot peppers—is the founder and CEO of Alto. The idea behind Alto was born out of a problem. Eric found a clear need to give people more control over their investments (and investment opportunities) in a simple, streamlined way and created Alto to make these opportunities available to all investors, not just the ultra-wealthy or institutional investors.  If you'd like to receive new episodes as they're published, please follow The Altogether Show with Eric Satz in Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts or Spotify. It helps others find the show. Podcast episode production by Dante32.

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Money is personal. In fact, perhaps finance and investing talk is typically dry to shield against having real, candid conversations about how money shapes our lives, informs our choices, and even makes us feel about ourselves. In other words, conversations that really matter. At Alto, “You Do You” is a defining principle, not just because it's fun and interesting, but because really — what's the alternative? Entrepreneur, serial investor, and series host Eric Satz founded Alto with the belief that being true to ourselves is fundamental to living fully and well — in work and in retirement — and money, however much or little, is a crucial tool for doing this. We can all learn to use it better to secure the lives we want. The guests on the Altogether show are living and working with the kind of courageous self-awareness, energy, and determination that we admire. So we want to share their stories, hear about their relationships with money, and maybe learn a thing or two along the way.

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