Dan Ruch's guest appearances

Dan Ruch

Travel Is Your Business

The Rollercoaster Podcast

Tim Ryan

Michael McDowell

Evelyn Badia

Justa Lujwangana

Richard Harris

Stuart Butler

Daniel Flynn

Matt Lerner

John Matson

Sheryl Connelly

Isabel Berney

Eli Ostreicher

Eric Bamberger

Brianne Kimmel

Payam Safa

OwlTail

Dan Ruch is a partner at Rho Capital, an early-stage fund that focuses on Seed and Series A investments in the Web3 and Enterprise SaaS sectors, along with a few other areas of interest. Prior to his work at Rho Capital, Dan was the CEO and founder of Rocketrip Inc. Rocketrip's mission is to engage employees as partners in managing corporate travel costs.On this episode of the Rollercoaster Tyler and Dan discuss about a great leader is not solely defined by building a successful company or measuring achievements through profits. Instead, a true leader wins the hearts and minds of their followers by inspiring and empowering them to reach their full potential. They lead with integrity, empathy, and purpose, fostering a positive work culture that promotes collaboration and innovation. The greatness of a leader is reflected not only in financial success but also in their positive impact on society, employees, and stakeholders, ultimately leaving a lasting legacy of positive change.Entrepreneurship is a tumultuous journey with extreme highs and lows. The good days bring euphoria and a sense of accomplishment, while the bad days can be isolating and dark, driving some to the brink of surrender. Loneliness and the weight of responsibility can make the journey feel overwhelming. However, resilience and determination are vital in navigating the darkest moments, and seeking support from mentors and a strong network can ease the burden. Embracing both the triumphs and challenges defines the entrepreneurial spirit, ultimately leading to the fulfillment of dreams.In the world of entrepreneurship, it's crucial to deeply understand your reasons for starting a company. If financial stability is your sole motivation, statistically, you are more likely to win a lottery than to achieve true success in the business realm. Success demands more than just financial aspirations—it requires a strategic vision, unwavering determination, and a genuine passion for your mission. The most accomplished entrepreneurs are driven by a deeper purpose, aiming to solve problems, make a meaningful impact, or contribute to a greater vision. By anchoring your efforts in intrinsic motivations, you'll build the resilience needed to overcome challenges and innovate continuously. So, before venturing into entrepreneurship, reflect on your core motivations and embrace a purpose-driven approach to increase your odds of lasting success beyond mere financial gains.Where to find Dan Ruch:LinkedIn: https://www.linkedin.com/in/danruch/Twitter: https://twitter.com/DanRuchWebsite: https://www.rho.com/-Where to find Tyler Hall:  LinkedIn: https://www.linkedin.com/in/tylerchall/  Newsletter: https://www.linkedin.com/newsletters/the-tyler-hall-archives-7018241874482122753/  Twitter: https://twitter.com/sirTHALL  Work with Tyler: https://www.tylerchristianhall.com/  

Dan Ruch is a partner at Rho Capital, an early-stage fund that focuses on Seed and Series A investments in the Web3 and Enterprise SaaS sectors, along with a few other areas of interest. Prior to his work at Rho Capital, Dan was the CEO and founder of Rocketrip Inc. Rocketrip's mission is to engage employees as partners in managing corporate travel costs. On this episode of the Rollercoaster Tyler and Dan discuss about a great leader is not solely defined by building a successful company or measuring achievements through profits. Instead, a true leader wins the hearts and minds of their followers by inspiring and empowering them to reach their full potential. They lead with integrity, empathy, and purpose, fostering a positive work culture that promotes collaboration and innovation. The greatness of a leader is reflected not only in financial success but also in their positive impact on society, employees, and stakeholders, ultimately leaving a lasting legacy of positive change. Entrepreneurship is a tumultuous journey with extreme highs and lows. The good days bring euphoria and a sense of accomplishment, while the bad days can be isolating and dark, driving some to the brink of surrender. Loneliness and the weight of responsibility can make the journey feel overwhelming. However, resilience and determination are vital in navigating the darkest moments, and seeking support from mentors and a strong network can ease the burden. Embracing both the triumphs and challenges defines the entrepreneurial spirit, ultimately leading to the fulfillment of dreams. In the world of entrepreneurship, it's crucial to deeply understand your reasons for starting a company. If financial stability is your sole motivation, statistically, you are more likely to win a lottery than to achieve true success in the business realm. Success demands more than just financial aspirations—it requires a strategic vision, unwavering determination, and a genuine passion for your mission. The most accomplished entrepreneurs are driven by a deeper purpose, aiming to solve problems, make a meaningful impact, or contribute to a greater vision. By anchoring your efforts in intrinsic motivations, you'll build the resilience needed to overcome challenges and innovate continuously. So, before venturing into entrepreneurship, reflect on your core motivations and embrace a purpose-driven approach to increase your odds of lasting success beyond mere financial gains. Where to find Dan Ruch:<ul><li>LinkedIn: <a href="https://www.linkedin.com/in/danruch/" rel="nofollow" target="_blank">https://www.linkedin.com/in/danruch/</a></li><li>Twitter: <a href="https://twitter.com/DanRuch" rel="nofollow" target="_blank">https://twitter.com/DanRuch</a></li><li>Website: <a href="https://www.rho.com/" rel="nofollow" target="_blank">https://www.rho.com/</a></li></ul>- Where to find Tyler Hall: <ul> <li>LinkedIn: <a href="https://www.linkedin.com/in/tylerchall/" rel="nofollow" target="_blank">https://www.linkedin.com/in/tylerchall/</a> </li> <li>Newsletter: <a href="https://www.linkedin.com/newsletters/the-tyler-hall-archives-7018241874482122753/" rel="nofollow" target="_blank">https://www.linkedin.com/newsletters/the-tyler-hall-archives-7018241874482122753/</a> </li> <li>Twitter: <a href="https://twitter.com/sirTHALL" rel="nofollow" target="_blank">https://twitter.com/sirTHALL</a> </li> <li>Work with Tyler: <a href="https://www.tylerchristianhall.com/" rel="nofollow" target="_blank">https://www.tylerchristianhall.com/</a> </li> </ul>

#23: Dan Ruch | You Know Only Half the Truth of Entrepreneurship: Unveiling the Hidden Challenges and Rewards

How rewarding employees for responsible corporate travel saves money and boosts morale… A misalignment — between the intent of corporate travel policies and the way employees manage travel expenses — results in tremendous financial waste. Dan Ruch, Founder of Rocketrip, offers insights on a behavioral change platform for large organizations interested in controlling travel costs and creating a positive climate, with employees rewarded for great behavior. Guest host Nick Vivion, Editorial Director of tnooz, joins hosts Pavan Bahl and John Matson at the MouthMedia Network studios powered by Sennheiser. (Ruch’s profile: https://www.linkedin.com/in/danruch/) Splitting the savings, motivating and changing behavior, and an employee perk Ruch discusses how travel is an emotional product and a misunderstood industry, how employees rewarded for great behavior, the ability to predict what a trip should cost, and proactively rewarding the behavior of employees who reduce travel costs and go above and beyond the call of duty (travel policy). How, if an employee beats a budget, half of the savings goes to the company, half to the employee, and how companies are usually controlling policies and creating friction as the usual way to control costs. Rocketrip’s guarantee policy, motivating and changing behavior, predictable motivation, and encouraging employees to save money. How employees become competitive within the company, and the platforms is a cost savings program masquerading as an employee perk, and an employee benefit program that pays for itself and helps retain and motivate talent.  Inspiration and genesis, behavior economics, and being platform agnostic The genesis of the idea, how airlines and hospitality predictable rational humans that do predictably irrational things, the need for people to want to belong to something that has status. Inspiration from Google travel program, although with a difference, financial incentives are not in cash—instead giving points in the Rocketrip platform that can be redeemed via the platform or donated. The importance that employees do something with the rewards that keep the memories going. And how Bitcoin—and investment opportunity—can be accessed through the savings. Big industry players, Concur and other larger players in corporate travel space, how Rocketrip is platform agnostic, companies like Sabre and Amadeus, how many travel managers have not kept up with innovation enough as a matter of their function. Gold stars, a venture fund, and tin cans in the sky Gamification, and how the process is like getting a gold star and economic motivation and being all about determining what the employee will need to offset their cost to make a change. Not competing with other platforms, the process of developing and launching Rocketrip, brainstorming inside of a venture fund, the YCombinator journey, and advice on raising money. Personal questions cover tin cans in the sky, flight efficiency, teenagers teaching senior citizens how to use computers, and lessons from shoveling driveways. Hear other great MouthMedia Network shows powered by Sennheiser at www.mouthmedianetwork.com .See omnystudio.com/listener for privacy information.

How rewarding employees for responsible corporate travel saves money and boosts morale… A misalignment — between the intent of corporate travel policies and the way employees manage travel expenses — results in tremendous financial waste. Dan Ruch, Founder of <a href="https://www.rocketrip.com" rel="noopener nofollow" target="_blank">Rocketrip</a>, offers insights on a behavioral change platform for large organizations interested in controlling travel costs and creating a positive climate, with employees rewarded for great behavior. Guest host <a href="https://www.linkedin.com/in/nickvivion/" rel="nofollow" target="_blank">Nick Vivion</a>, Editorial Director of <a href="https://www.tnooz.com" rel="noopener nofollow" target="_blank">tnooz</a>, joins hosts <a href="https://www.linkedin.com/in/pavanbahl/" rel="noopener nofollow" target="_blank">Pavan Bahl</a> and <a href="https://www.linkedin.com/in/john-matson-a072b229/" rel="noopener nofollow" target="_blank">John Matson</a> at the MouthMedia Network studios powered by Sennheiser. (Ruch’s profile: <a href="https://www.linkedin.com/in/danruch/" rel="nofollow" target="_blank">https://www.linkedin.com/in/danruch/</a>) Splitting the savings, motivating and changing behavior, and an employee perk Ruch discusses how travel is an emotional product and a misunderstood industry, how employees rewarded for great behavior, the ability to predict what a trip should cost, and proactively rewarding the behavior of employees who reduce travel costs and go above and beyond the call of duty (travel policy). How, if an employee beats a budget, half of the savings goes to the company, half to the employee, and how companies are usually controlling policies and creating friction as the usual way to control costs. Rocketrip’s guarantee policy, motivating and changing behavior, predictable motivation, and encouraging employees to save money. How employees become competitive within the company, and the platforms is a cost savings program masquerading as an employee perk, and an employee benefit program that pays for itself and helps retain and motivate talent. Inspiration and genesis, behavior economics, and being platform agnostic The genesis of the idea, how airlines and hospitality predictable rational humans that do predictably irrational things, the need for people to want to belong to something that has status. Inspiration from Google travel program, although with a difference, financial incentives are not in cash—instead giving points in the Rocketrip platform that can be redeemed via the platform or donated. The importance that employees do something with the rewards that keep the memories going. And how Bitcoin—and investment opportunity—can be accessed through the savings. Big industry players, Concur and other larger players in corporate travel space, how Rocketrip is platform agnostic, companies like Sabre and Amadeus, how many travel managers have not kept up with innovation enough as a matter of their function. Gold stars, a venture fund, and tin cans in the sky Gamification, and how the process is like getting a gold star and economic motivation and being all about determining what the employee will need to offset their cost to make a change. Not competing with other platforms, the process of developing and launching Rocketrip, brainstorming inside of a venture fund, the YCombinator journey, and advice on raising money. Personal questions cover tin cans in the sky, flight efficiency, teenagers teaching senior citizens how to use computers, and lessons from shoveling driveways. Hear other great MouthMedia Network shows powered by Sennheiser at <a href="http://mouthmedianetwork.com" rel="noopener nofollow" target="_blank">www.mouthmedianetwork.com</a> .See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

022 – Dan Ruch of Rocketrip – The Motivation to Save