Troy Lavinia - Thinking in Systems to Build Businesses

Jan 24, 2022

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INSIGHT

Service vs. Product Business

Scaling service businesses is challenging, prompting the decision to incubate product-focused ventures like Stream.
Stream, as a SaaS business, offers better scalability and exit potential compared to the service-based Mosaic.

INSIGHT

Complementary Services

Expert transcript libraries are compared to media streaming services, suggesting users benefit from multiple subscriptions.
Clients often use multiple services alongside Stream, indicating a complementary market dynamic.

ANECDOTE

Entrepreneurial Itch

Troy Lavinia's entrepreneurial drive stemmed from a feeling of not quite fitting in as an employee, despite enjoying his work.
His wife encouraged him to start his own business, leading to the creation of Mosaic, and later, Stream.

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Troy Lavinia, founder of Stream by Mosaic, stops by The Business Brew to discuss creating Stream, building teams, and strategic thinking. Troy is a really interesting thinker, approaches life with an abundance mentality, and is always looking to find the right partners to grow a business. Interesting tidbits about Troy include his time at Elliott Management and playing football fullback and tight end at University of Pennsylvania.

At one point in the conversation Bill asks Troy how he got comfortable delegating work. Troy responded by saying something to the effect of “You have to associate joy with creating a meaningful job for someone else.” That answer struck Bill as a very positive association for delegation.

We hope you enjoy this conversation. It is a peek into the financial services industry and an introduction to the person behind our sponsor.

Please leave us a rating in your favorite podcast player!

This episode is brought to you Bill.

Stream by Mosaic is a product that is integral to any fundamental research process. Stream has developed an extensive library of expert interviews that cover a variety of industries. https://streamrg.co/BB features over 300 expert interviews per week. 70% of Stream's experts are found exclusively on https://streamrg.co/BB. Visit https://streamrg.co/BB for a 14 day trial.

Album art photo taken by Mike Ando. Please see https://www.mikeando.com/

Thank you to @mathewpassy (on Twitter) for the show production.

Detailed Show Notes

3:00 – Troy’s background, including time at Elliott Management

6:00 – How Stream was incubated within Mosaic and then spun out for growth reasons

8:00 – How Troy thought about partnering with AlphaSense

11:30 – Why expert transcript libraries are similar to media streaming services

16:15 – Did COVID “help” Stream by Mosaic as a business?

19:00 – Why does Troy like running startups vs. more mature businesses?

21:20 - Team building and the power of delegation

33:00 – Listening to the interviews on Stream by Mosaic

35:00 – Troy’s association with selling St