Diego Berdakin is an entrepreneur, investor, professor, life-long learner, and perpetual risk-taker. He has a long history of launching successful ventures, investing in the right places, and taking chances on good ideas.
Back in July, Diego Berdakin, the co-founder of BeachMint, spoke to an audience at StartupUCLA. His advice was geared toward aspiring entrepreneurs in order to help them reach their goals of launching a successful business. BeachMint is an e-commerce business that sells products designed by celebrities, such as Kate Bosworth-designed jewellery and interior design items from Justin Timberlake.
He began his talk by discussing the many failed attempts he made as an entrepreneur in Los Angeles. This was an important lesson for the audience because even well-known and successful entrepreneurs have failed - many times over - in the past. Berdakin explained that even failures are fantastic learning opportunities.
Berdakin then moved on to discuss the lessons he learned along the way that can be used to create a successful company. He talked about how great small businesses can be, particularly as they scale. He also explained that passion and boldness are just as important to success, if not more so, than investing a lot or even earning a lot.
As an angel investor, Berdakin had some advice to offer on the types of ventures he finds worthy of investment. This is helpful to entrepreneurs who need to seek out investors for their own businesses. Berdakin said that when choosing who or what to invest in, he looks at the vision the entrepreneur has. Mainly, he strives to figure out if the entrepreneur is driven to the point where they will likely achieve that vision. Often, people who are very inspired by their ideas will go the distance to make them come to life.
Berdakin also spoke to students at the University of Oklahoma in October. During that presentation, his goal was to help students figure out what they can do with their degrees after graduating. His seminar was called “Disrupting Fashion, Technology and Media.”