894: Sophia Parsa, Entrepreneur and Founder of Mountain Gate

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 3 June 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

"My relationship with money is money comes and money goes. For me, it’s not the point of success. It’s important for me to be financially stable and it’s important for me to be making a lot of money, but it’s not what I consider personal success.” Sophia Parsa is a tech co-founder, Forbes 30 under 30 honoree and a very accomplished entrepreneur. She co-founded the company Toot, which is an on-demand tutoring service after her tutor bailed on her the night before a big exam in college. The night before the test, she found a new tutor, thanks to the help of a professor, but then realized there's probably a better way to connect with tutors on-demand. The idea for Toot was born. Later, Sophia launched a dinner club called Mountain Gate, where entrepreneurs gather for dinner. Through Mountain Gate, entrepreneurs can get advice, they can form business partnerships and just connect with people who are like-minded. Today, Sophia is the director of community at FabFitFun, which is occasionally a sponsor of this show. FabFitFun is a subscription box that delivers a selection of full-size premium products to your front door. We discuss Sophia's transition to working for a company and why it was important for her professional development. We also dive deep into the growing pains of the early days of entrepreneurship, how to score some investment capital and what she plans to do with her money right now. Follow her on Instagram @SophiaParsa and her business @Mountaingate. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 894, Sophia Parsa, entrepreneur and director of community at Fab Fit Fun.
0:09.2	You're listening to So-winning money guru Farnu
0:12.8	Farnouz-Torabi each day get a 30 minute dose of
0:15.8	financial inspiration from the world's top business minds,
0:19.0	authors, influencers, and from Farnus yourself.
0:27.0	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.
0:29.0	Seeking profound ways to live a richer, happier life.
0:32.0	Welcome to So Money.
0:35.0	My relationship with Money is Money Comes,
0:38.0	and Money Goes.
0:39.0	It's not, it's not, for me it's not the point of success.
0:43.0	Like, it's important for me to be financially stable, and it's important for me to be, you know,
0:47.8	making a lot of money, but it's not what I consider personal success.
0:51.6	We are in conversation with Sophia Parsa.
0:54.2	She is a tech co-founder, Forbes 30 under 30 honoree, and a very accomplished entrepreneur.
1:00.5	She co-founded the company Toot, which is an on-demand tutoring service after her tutor bailed on her the night before a big exam in college.
1:09.0	So at 11 o'clock at night before the test, she found a new tutor thanks to the help of a professor, but
1:14.5	then realized there's probably a better way to connect with tutors on demand and
1:19.3	the idea for toot was born. Later Sophia launched a dinner club called Mountain Gate where
1:24.8	entrepreneurs gather for dinner and through Mountain Gate entrepreneurs
1:29.3	can get advice they can form business partnerships and just connect with people who are like-minded.
1:35.0	Today Sophia is the director of Community at Fab Fit Fun.
	...

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