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The $10 Millionaire: How "Venture Staking" is Disrupting Silicon Valley with Jerry Hays CEO of Doriot

5/11/202628 min

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What if you could turn a $10 "ante" into a seat at the table for the next Amazon or Google? In this episode, Jerry Hays, CEO of Doriot, joins hosts Dominick Domasky and Julie Lokun to unveil a revolutionary new model called Venture Staking, which bridges the gap between community-driven philanthropy and high-stakes venture capital.

Jerry shares how Doriot is democratizing the "closed-door" world of Silicon Valley, allowing everyday people to seed the next big idea for the price of a cup of coffee. Whether you are a creator looking for non-equity funding or an aspiring investor looking to build a "wealth-cultivation" mindset, this conversation provides the blueprint for getting into the proximity of innovation.


Quick Links

  • Guest Website: www.doriot.com
  • Guest: Jerry Hays, JD (CEO of Doriot & Professor at the Kelley School of Business)
  • Host Info: Dominick Domasky & Julie Lokun
  • Event Mentioned: Cre8tive Con

Key Takeaways & "Jules Rules"

  • Venture Staking 101: Learn how a "give-first" grant model allows communities to support founders without immediately taking equity or debt.
  • The "Asymmetric Gap": Why watching a founder perform through weekly updates is the best due diligence you can do before investing larger sums.
  • Wealth Follows Innovation: Why being in proximity to new ideas is more important than having a massive bank account.
  • Red Flags: Why high-pressure closes and "deadlines" are often a sign to walk away.
  • The Power of Humans: Jerry’s #1 tip for what to invest in—don't just follow the tech; follow the human ingenuity and drive behind it.

Time-Stamped Highlights

  • [02:15] The Indiana Connection: How a Kelley School of Business professor became a "kindred spirit" to the show.
  • [05:40] The Winning Pitch: Jerry explains the concept of raising $100k from 3,000 supporters.
  • [09:12] The "Amazon Math": How $10 in 1993 could have changed your life today.
  • [14:30] Discoverers vs. Founders: How to get involved with Doriot as an investor or a creator.
  • [17:45] Inside Baseball: The Sam Altman/Stripe story and the power of small checks.
  • [21:10] Cultivating vs. Consuming: Shifting your mindset from "Get Rich Quick" to "Seed the Future."
  • [26:50] Jules Rules: Red flags to look for when someone asks for your money.
  • [30:15] The Chocolate Bar Chemist: A real-world example of why you should never bet against passion.

Suggested Episode Titles

  • The $10 Millionaire: How "Venture Staking" is Disrupting Silicon Valley
  • From Philanthropy to Profit: Jerry Hays on Democratizing Startup Investing
  • Why You Don’t Need an MBA to Invest Like a VC with Doriot’s Jerry Hays
  • The Wealth Mindset: Cultivating Your Future Through Community Grants
  • Venture Capital for the Rest of Us: A Masterclass with Jerry Hays

Frequently Asked Questions

  • Who is Julie Lokun? Julie Lokun, JD, is a master brand strategist, author, and the founder of The Big Better Brand. Known for her "media-first" approach, she helps entrepreneurs and influencers scale their visibility through podcasting, public speaking, and strategic storytelling. As a co-host of the Creative Entrepreneur Podcast, she brings a sharp legal mind and a creative eye to the world of business growth.

  • Who is Dom Domasky? Dom Domasky is an inspirational author, speaker, and the founder of Motivation Champs. After navigating the highs and lows of business ownership (including a very famous "lima bean" story), Dom dedicated his career to sharing stories of resilience. He specializes in helping individuals find their "inner champ" and turn failures into fuel for future success.

  • What is Cre8tive Con OTR? Cre8tive Con OTR (On The Road) is a high-energy, immersive networking and educational experience for entrepreneurs. Unlike traditional stuffy conferences, it focuses on real-world skills like the 30-second pitch, brand building, and community investment.

  • How do the hosts manage their business automation? To keep the podcast, conferences, and coaching businesses running smoothly, Julie and Dom rely on Keap. It is their favorite all-in-one automation tool for managing CRM, email marketing, and lead captures, allowing them to spend less time on admin and more time creating.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Clips

Transcript preview

First 90 seconds
  1. Dominick Domasky· Host0:00

    [upbeat music] You started a business. You've been at it for a little bit. Maybe you're looking for funding. Maybe you don't know who to ask. Maybe Silicon Valley, maybe they're not knocking on your door, but you know your idea is the next big thing. Who do you go to? Where do you go? Well, right here, right now, on the Creative Entrepreneur podcast, we have your answer. Because today you are gonna meet Gerry Hayes, the man behind Dorio, is gonna solve our problems, it's gonna solve your problems, and we're all gonna wanna invest in each other. Julie, what do you think about my first intro?

  2. Julie Lokun· Host0:38

    Your intro was amazing, but you forgot the biggest thing. You buried the lede. He is coming straight from Bloomington, Indiana. He is a fellow Hoosier, Dominic Domasky. How could you have forgotten that? He is a professor at the Kelley School of Business, and w- that is the big thing we have in common. He is a kindred spirit. [laughs] He bleeds all things Indiana. I don't know if that's good or bad, but he is a brain child, and obviously he's doing some amazing work in the business industry. Not only that, let's tell everybody how we actually met Gerry, or you met Gerry, or you had the pleasure of- We both met Gerry.

  3. Dominick Domasky· Host1:15

    Would you mind telling us how you came across me and Julie?

  4. Jerry Hays· Guest1:19

    Yeah. So my brother-in-law's girlfriend is a big supporter of CreativeCon, and we were invited to come to the conference. And I was up on a

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