Partner Corner with Jake Summers: Bootstrapping, Growth, Reflections and Looking Ahead

Tripp Talks: Healthcare | Business | Flourishing

Nov 3 2021 • 50 mins

How did Tripp trick Jake into starting two companies at once (while running a third?) The partners discuss why they’re choosing to bet on themselves and how increased credibility gives them the confidence to do so.

In the final episode of season one, Tripp sits down with Jake to discuss the growth rollercoaster they’ve been riding. This is one of those glimpses into the “sausage-making” process that is social entrepreneurship. This episode is a behind-the-scenes look at the challenges entrepreneurs face when they decide to bootstrap growth and shows how they’ve gotten comfortable knowing there isn’t one “right way” to do things.

How do you go from a startup where its “all hands on deck” to a mature organization? In the early days of a company, there is always too much work and not enough time–everyone pitches in to knock out the most pressing items. As a company matures, leaders must carve out specific roles and responsibilities to provide clarity to team members. This process repeats itself over and over as the organization grows. It’s an imperfect process that can feel chaotic and overwhelming. In this episode Jake and Tripp discuss how they are running a mature organization, Green Hill, and a startup organization, AIM: Advaita Integrated Medicine, while all the while trying to launch a much, much larger company.

Here’s a glimpse at what we covered in the Partner Corner Episodes of season one.

  • Fundraising versus bootstrapping
  • Bootstrapping a new company from existing infrastructure (and the associated growing pains)
  • Why can’t Jake seem credible to mentors because of how he’s running the finance department?
  • How credibility decreases the riskiness of financial decisions
  • The importance of building a network of partners -- bankers, advisors, accountants -- to help make better decisions
  • Which business functions are being moved from Green Hill up to the parent company, Advaita Health Ventures?
  • The importance of leaving ego at the door

Green Hill Recovery: www.greenhillrecovery.com

AIM: Advaita Integrated Medicine: www.aimwellbeing.com

Advaita Health Ventures: www.advaitaventures.com