Category Archives: Venture X Member Spotlight

Member Spotlight – Anil Nimmagadda

Member Spotlight – Anil Nimmagadda

Coworking spaces are all the rage and since 2007 have definitely come of age. According to Forbes Magazine, in 2007, “only 14 documented coworking spaces existed in the United States.” With the more than 11,000 spaces currently in the US, and more than 26,000 spaces projected to host 3.8 million people by 2020, we think they are on to something. Driving this trend, millennials entering the workplace seem to be bucking the system every way they can, renting instead of owning homes, and preferring city living to sprawling out in the suburbs, as well as impacting traditional work environments. Starting their own companies rather than climbing the corporate ladder, this emerging workforce resonates with joining coworking spaces for the versatile atmosphere and the value added collaboratory spirit these shared spaces offer.

At Venture X Naples, we welcome people from all industries from startups to established brands, from tech companies to fitness and healthcare groups, to lawyers and freelance writers – anyone who is drawn to our entrepreneurial vibe. This month, at Venture X Naples, our member spotlight shines on someone who’s in the right place for his line of work.

Anil Nimmagadda, private investor

Starting out as a software engineer in 2013, Nimmagadda discovered that his interest, well, maybe more than a casual interest, his passion, in fact, was fueled by the world of investing. Specifically, he realized that Value Investing was where he wanted to go. You may know Value Investing from Berkshire Hathaway’s chairperson, Warren Buffett, not a bad role model.

Value Investing involves buying stocks/shares of valuable companies at a discount price and holding onto them for a long time. Nimmagadda says that after further exploration and experimentation, “I figured out that within the domain of Value Investing the specific execution style that suits my personality is that of a ‘focus portfolio’ with long holding periods.”  Nimmagadda explained further that in a focused portfolio, investors buy concentrated positions in 3 to 5 companies and hold them for “long periods.”

Nimmagadda makes it happen in 2017

Self-taught, Nimmagadda then began reading in his spare time what turned out to be somewhere around 200 books on the subject of investing and finance in order to make the transition from software engineer to a private investor.  Early in 2017, for a couple of reasons he didn’t go into, Nimmagadda opened the doors to his new career, working for himself, full time as a private investor.

It’s not a job if you love what you’re doing

When we asked Nimmagadda about the most rewarding aspect of his job, he told us at the risk of sounding “folksy or indulging in clichés,” that so far, his profession didn’t feel like a job, that it had not degraded to that level yet. “When that happens, it’s time to switch,” Nimmagadda added, “I have that much fun doing what I do.”

Patience is definitely a virtue

In Nimmagadda’s first year as a private investor, he discovered that while many people who have money to invest, as well as other investors he’s come across, very few share his philosophy regarding holding on to investments for longer periods and “giving the ideas time to grow the wealth. You just have to be patient,” Nimmagadda said. Think Warren Buffett.

When asked for a business tip Nimmagadda would like to share with others, “It’s better to be an independent thinker and go with your gut and be wrong,” he said, “than to be superficial or engage in an activity that doesn’t leverage your skills and potential and be successful.”

Inspiration

On his journey to his goal as a private investor, Nimmagadda, as we know, devoured a good many books. His greatest inspiration? Theodore Dreiser’s 1914 tome, The Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow, the sequel to The Financier, The Titan chronicles John D. Rockefeller’s life and is the second book in Dreiser’s Trilogy of Desire series. In his spare time, Nimmagadda reads books ranging from chess to farming and enjoys watching movies and film biographies.

Fun fact about our self-made private investor

Nimmagadda shared that he tried tandem skydiving once. This guy loves a challenge. Comforted, “but not that much :-),” by the fact that his instructor had 10,000 jumps under his belt, Nimmagadda said, “It was exhilarating and scary as hell. The parachute was definitely better than the free fall!!”

Venture X Naples: Staff is great, location is awesome

As a Venture X Naples member since early 2015, “It’s been great,” Nimmagadda said. “The staff here is an asset. The location is awesome.” Nimmagadda enjoys the “Naples Vibe” and his daily walks in Mercato. Located near many popular dining, shopping and entertainment venues, Mercato is the heart of Naples and convenient for Venture X Naples members, when a break is in order. Mercato’s features places to impress new clients and eateries to host a working lunch or celebratory dinner.

Excellent cross networking and exposure to new ideas

Venture X Naples’ biggest advantage for Nimmagadda centers around, “the excellent cross networking and exposure to ideas and opportunities that Venture X presents. When Nimmagadda needed a website, he found the right person here at Venture X. A startup working out of Venture X Naples presented an interesting investment opportunity for Nimmagadda, as well. Evaluating a small business, with the intention to buy it for free cash flow, Nimmagadda found a knowledgeable team working in that domain at Venture X. “They gave me actionable insights into the inner workings of businesses in that domain,” Nimmagadda shared, “I even came across a good private equity opportunity right here and I am pursuing it.”

Venture X Naples might be just the motivating environment you need to get your business or startup off the ground without the expense of renting an office space, with long lease commitments. You can’t beat working around like-minded professionals, in a well-appointed, comfortable and accommodating environment that naturally fosters collaboration with networking benefits.

Contact Venture X Naples today and join our new business environment community.

Member Spotlight – Martin Pahnke

Martin Pahnke - Venture X

Changing the perception of the office environment, coworking spaces continue to grow in popularity.  Loosening the ties associated with corporate profiles, coworking spaces appeal to tech startups, design firms, health and fitness companies, law practices, marketing outfits and yes, even accounting firms. For anyone who wants to make the most of their work places, coworking spaces foster inspiration and collaboration where networking comes with the territory.

Venture X salutes SWFL Marketing Group

Venture X Naples is just the kind of place where office space meets upscale hotel lobby and contemporary industrial loft design. Members enjoy concierge services and a multitude of different spaces to hatch new ideas or work out the final details of their latest projects. Our membership represents a broad spectrum of Naples’ diverse business community. This month, our member spotlight shines on a Southwest Florida marketing company, SWFL Marketing Group partner and lead advisor, Martin Pahnke.

B2B Marketing Solutions

Self-employed for over thirty years, Martin and Karen Pahnke, originally from Toronto, Canada, have been providing their business customers with marketing solutions since 2008, primarily in the realm of logo merchandise and branded apparel. As owners of an independent company, the Pahnkes realized substantial opportunities lay in the B2B (business to business) arena, helping other companies build brand awareness and enhancing their customers’ marketing efforts altogether. Martin said that the most rewarding aspect of his job is coming up “with a solution to a customer’s objectives, seeing that plan implemented and getting the feedback afterwards.”

One opportunity leads to another

Meeting a future business partner in 2003 inspired the Pahnkes to move to Florida. While that partnership did not work out as planned, “my wife and I made our home here and are enjoying every day,” Martin told us. When asked about the biggest challenge SWFL Marketing Group has faced and how the company overcame it, Pahnke shared that, initially, getting into the promotional marketing industry during the economic downturn, SWFL faced growth challenges. “Getting actively involved in local chambers of commerce and delivering consistent quality to our customers has supported steady growth of our business,” member Pahnke said.

Venture X Naples is intrinsically community focused

Not unlike chambers of commerce, Venture X Naples connects local businesses and supports community involvement. Believing that we work better as a community than alone, we host networking events at Venture X that promote community connectivity. Plus, Venture X Naples, located in Mercato, the happening heart of Naples’ downtown, features many top-notch dining and entertainment venues. When you and your team need a break from work or when you want to entertain and make a great impression on new clients, Mercato never disappoints. Working in such a great neighborhood inspires small business owners and their teams. Enjoying your work place, without the overhead costs and maintenance of maintaining an office space in a great location does wonders to clear the way towards staying focused on your work.

Coworking spaces help keep workers focused on their goals

Studies have shown that people who work in coworking spaces are more likely to up their game and achieve their business goals. With an open, collaborative vibe, Venture X celebrates the entrepreneurial spirit. When like-minded people get together, good things happen. Comparing notes with competitors helps build healthy relationships among the coworking members and works to create a stronger industry presence. On an individual level, Martin says he’s “a multi-tasking person by habit and if it [some tasks] takes more than a few minutes, much of what I do doesn’t get done.” Pahnke credits his coworker and wife, Karen, for “helping me with this personally and in business.” Working alongside other multi-taskers and staying on point is one of the many benefits of coworking at Venture X Naples.

Dream big and surround yourself with positive people

Sharing knowledge and insights is a big part of the scene at Venture X Naples which often leads to successful collaborations in the coworking environment.  When asked what business tips member Pahnke wanted to share with other small business owners and entrepreneurs, Pahnke offered these insights: “Dream big, continue to learn, get around positive people and deliver on your promises.”

At Venture X Naples, we lean into that advice with many common areas to foster collaboration, such as our lounge area, an open space to relax and mingle that can also host 75 guests or our diner-style kitchen where members can use our full kitchen to whip up something scrumptious and a café where you can grab a bite and socialize. Then there’s our patio when a little sunshine couldn’t hurt.

Great staff attitude and social events

A member since 2014, Pahnke’s favorite part about working at Venture X Naples includes “the great attitude of the staff and the social events that are set up for us.” Here to assist you with plans and membership options, as well as answering any other questions that may arise, our staff act like hotel concierges, helping you anyway we can.

Venture X Naples hits the spot

Seems that Venture X Naples makes the perfect coworking office space for Pahnke and SWFL Marketing Group for the many reasons that coworking has become an international phenomenon: Open, collaborative spaces that foster community and help inspire startups and small businesses towards success. Also, as Pahnke put it, “It’s a great place to go between appointments and to meet up with people.”

For fun, Martin Pahnke likes to unwind by “boating, travel, working out and just hanging out with friends.” Here, at Venture X Naples, we’re going out on a limb to conjecture that Martin Pahnke doesn’t mind Naples’ beautiful world-famous beaches, just five minutes from the office, either.

To learn more about the membership opportunities available at Venture X Naples, give us a call today. We’d love to have you visit us and take a tour!