HOT SEAT - MICHAEL WIESER:
What are three words to describe yourself?
entrepreneur, husband, dad
What was your very first business or creative idea? Did that make any money?
An ISP for domain & webhosting. Still alive, still making money.
What was your biggest challenge when you started your first business?
What was the best advice in life or business you've ever received?
There is no right decision. You have to make the decision right.
Which three people, famous or not famous, dead or alive, would you most like to invite to a dinner party? Why?
Helmut Schmidt, Lee Kuan Yew, Henry Kissinger - they'd have some good stories.
How do you define success?
Seeing that your work had a positive impact on other people's lives.
What makes a founder successful?
Commitment & endurance.
What do you do in order to keep on learning and developing?
Take time to read and think.
Which resources are you recommending to first time entrepreneurs?
Talking to other entrepreneurs
What's the biggest risk you've ever taken?
What advice would you give to your younger self?
Just get it done.
What do you know to be true that no one else does?
A deal is only done once the money is in your account.
What's something you don't want to regret when you're older?
Not having tried, having been too proud.
Is there something you know you should stop doing?
Flying. Trains are more sustainable.
What's your favourite book?
The Process, Franz Kafka
What character traits of other entrepreneurs have impressed you?
Unconditional love to a product and its features.
Do you believe successful ventures require something meaningful?
"Meaning" is usually attributed retrospectively. It's overrated.
What's something that first time founders should avoid at all costs?
High cash burn rate.
Why are you getting involved with Best of X?
Because I like the people I meet there.