Thank you so much for joining us! Can you tell us a story about what brought you to this specific career path?
I launched my first online business aged 15, and have been hooked ever since. Over the course of the past 16 years, I’ve started and sold some startups. In total, I’ve helped raise over $100m in funding and assisted in $100m+ exits.
I’m currently Global Head of Product for Investments AI at AIG, a machine learning team responsible for pioneering algorithms that both mitigate risk and generate alpha within equity and fixed income markets, assisting in the management of over $320 billion.
Prior to this, I was Chief Executive Officer at miDrive (raised $10m), Chief Product Officer at Livedrive (exited to j2 Global), and Chief Operating Officer at Zillion Commerce.
I’m an advisor to Simba Sleep (raised $76m), London based venture capital firm EC1 Capital and Richard Branson’s Virgin Startup.
In 2017 I wrote a book, “10 Minute Guide to Fundraising: Get Funding for your Startup I was also included in Forbes 30 Under 30 (technology). More recently, in 2020, I wrote another book, “10 Minute Guide to Mental Fitness”.
Can you share the most interesting story that happened to you since you started doing this?
Writing two books has been fulfilling, but being featured on the Forbes 30 Under 30 list was probably the most interesting.
Which tips would you recommend to your colleagues in your industry to help them to thrive and not “burn out”?
Making sure that you find time to switch off. Everyone thinks it’s a badge of honour to work night and day. What will really give you the edge is having stamina — and that means taking breaks. Having a healthy lifestyle, eating right, getting enough sleep and meditation are some of the things that have helped me after burnout.
None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story?
I always made use of mentors; people who have been there before me and learned lessons the hard way. People, and young people, in particular, are usually too proud to go and ask for help. They think they know everything. When I founded companies, I was emailing someone every day to ask their opinion on a problem I was facing. This surely resulted in me reducing the number of costly mistakes made.
How have you used your success to bring goodness to the world?
I’ve mentored a number of entrepreneurs from disadvantaged backgrounds. I’ve also helped set up a couple of conferences whereby experts in their respective fields can teach those who are interested.
Do you have a favorite “Life Lesson Quote”? Can you share a story of how that was relevant to you in your life?
“Stay hungry, stay foolish” by Steve Jobs has always been a sort of guiding star for me. Any time I find myself involved in the typical 9 to 5, I take a step back and ask myself am I taking enough risks. As a founder of a number of companies, this has been relevant in every single one of them. Rather than taking the safe path, I always ask what calculated risk should we be taking.
How can our readers follow you on social media?
On twitter “@ScottTaylor” and Instagram “@iamscotttaylor”.