Ronnie Green of AlgoPear.
Tell us about yourself?
I am the Co-Founder and CEO of AlgoPear. I spent seven years in the financial industry as a stock trader, analyst, and hedge fund manager.
I am a native of Dallas, TX. I attended college at Southeastern Oklahoma University to study business and play NCAA football as a scholarship athlete.
My personal experience of living out my car in college to turning $5K to $103K in 8 months lead me to my passions and ventures.
I now dedicate my life to helping everyday people build wealth and freeing their minds financially.
What lessons has being an entrepreneur taught you?
Entrepreneurship isn’t about money. It’s about the freedom to do what you desire. For some entrepreneurs, it’s about solving a problem and creating a better future for others.
If you could go back in time to when you first started your business, what piece of advice would you give yourself?
Talk to as many potential customers as you can. Ask them if they would potentially buy or need your product idea.
You can avoid many business mistakes and build something people would love or realize that there may not be a real need for it.
A lot of entrepreneurs find it difficult to balance their work and personal lives. How have you found that?
I don’t believe there is much balance to being an entrepreneur if you love what you do. If you love what you do, is it really work?
Everyone isn’t meant to be an entrepreneur, and some aren’t willing to make the sacrifice of time, family & friends, and leisure to build something great.
Give us a bit of an insight into the influences behind the company?
Our mission is to give everyday people a chance to build wealth at scale and retire earlier with the same technology that makes wealthy hedgefund clients richer.
What do you think is your magic sauce? What sets you apart from the competitors?
AlgoPear is built by retail traders for retail traders. We understand the struggles of everyday people and the learning curve to be successful in the stock market.
Our app and features are designed with simplicity and less complexity for people who aren’t experts.
We understand that you can win in any market with the right investment strategy, unlike long-term investment vehicles like indexes and 401ks.
How have you found sales so far? Do you have any lessons you could pass on to other founders in the same market as you just starting out?
We meet our retail traders exactly where they are in communities. Our community-led company allows us to hear and interact directly with our members.
These members turn into our long-term customers. My advice to Founders who are just starting need to understand where their customers hang out.
Then find a way to grab their attention with free value and brand content.
What is the biggest challenge you have faced so far in your business, and how did you overcome it?
The biggest challenge is competing or collaborating with already established companies.
So we had to figure out what we do differently that separated us from what most companies are doing.
We had to prove our value early to potential customers and build off the loyalty.
What do you consider are the main strengths of operating your business in Texas over other states in the US?
The taxes, of course. Also, many people are moving here, leading to more opportunities for small businesses.
Are there any disadvantages of operating our business in Texas?
As an early-stage tech business, we eventually needed to raise outside capital from investors. There aren’t many investment networks and groups in Texas funding tech companies.
Texas is well known for being oil, gas, and corporate-driven. Finding local investors is a challenge.
Texas has a pretty diverse population. How have you found the quickly changing demographics have impacted your business? Have you got new opportunities? Managed to expand your business into new areas?
New hiring and network connection opportunities are at an all-time high, especially in the major cities.
It is often reported that, in Texas, politics and business are intertwined. Have you noticed this? Has it impacted your business?
I haven’t noticed any significant impacts besides the public markets shifting, but that’s about it.
With rising prices across Texas (and the US as a whole) have you been impacted? Do you have a plan for dealing with inflation going forward?
We have to downsize staff to maintain during this time. More people moving in has raised prices due to the high demand.
What do you want to accomplish in the next 5 years with your business?
We will be a $100M in revenue a year company with expansions globally. We will bring AI investing to everyday people worldwide to generate wealth and retire faster.
And finally, if people want to get involved and learn more about your business, how should they do that?
People can visit our website www.algopear.com or find us on all social media channels and search @algopear.
Follow AlgoPear on Twitter or Linkedin.