What happens when you're tasked with reinventing an economy—and later find yourself building investment systems in countries where the rulebook doesn't exist? That's the story of Thomas Nastas, this month's guest on the Founder's Sandbox. His journey from Michigan's automotive belt to the front lines of the former USSR is a masterclass in resilience, creativity, and leadership under pressure. In this episode, host Brenda McCabe interviews Thomas Nastas, a seasoned board director with over 30 years of experience in international markets. They discuss Thomas's journey from Michigan to various emerging markets, his innovative approaches, and the differences in governance roles between the U.S. and international markets. They also touch on the importance of scaling businesses through customer revenue, the concept of resilience in entrepreneurship, and the significance of purpose-driven enterprises. Transcript: 00:04 Welcome back to the Founder's Sandbox. I am Brenda McCabe, the host of this monthly podcast where we are now in our fourth season. And the podcast is really oriented towards 00:33 growth scale companies, board directors, and VCs that work in the typically the scaling um of companies and the ecosystem. And I am absolutely delighted to bring a guest in this to this month, these podcasts, Thomas Nastas, who has been serving in international boards of directors and US boards of directors. 01:02 for over 30 years. um His international background is quite um pioneering. And we're going to get into the material here, but we're going to learn about his experience out in Russia and Katastrofgan, um Africa. And Thomas and I met through um board prospects. We are both um 01:30 quite unusual candidates for boards of directors in the uh common way of recruiting board directors in the United States, prior CEOs. We do have an extensive background in international governance. And when I got to speak with Thomas um over the last couple of months and learning how he brought the board governance oh practices 01:59 from the United States to Emerging Marcus just fascinated me and I ask him to be a guest here. So Thomas, I want to thank you for joining me today in the Founder's Sandbox. Well, thank you. Appreciate the invitation. So um I briefly touched on you are uh a board director with uh lots of international experience. um 02:29 You also have a lot of em experience at emerging markets. um So Russia, Kazakhstan, Africa, and think it's East Africa, and some South American markets. um You've served on over, I want to say, is it 50? As companies, right? And em for my listeners, independent board directors is a term that we use here in the United States. 02:56 whereas in other markets, they're called non-executive directors. So, NED. So, Thomas has been in an NED role in over 50 companies. And we're gonna get into how that's kind of different em to what you have traditionally here in the United States. You are a midwesterner, just like me. My family. You're from Michigan, um big automobile industry. em 03:25 beachhead here in the United States. I'm from Ohio, so we've heard a lot of us, I think some of the experiences of being uh born and raised and educated in the Midwest, uh bringing in uh that Midwestern spirit, as I say, kindred spirits from the Midwest. And finally, um the em other area that Thomas is particularly experienced in, um and we share this 03:55 as well as you work in SMEs, small and medium-sized enterprises, but in the international markets, which is, again, it's fascinating. So we have a lot to unpack and unpeel today in today's podcast. So Thomas, could you just talk about your origin story? mean, what, you were really young, you were in Michigan. What made you pack up and actually go off to Russia? 04:24 Give us a little bit of your origin story. Well, I didn't go directly from Michigan to Russia. uh From Michigan to Canada, to Europe, to Africa, and then to Russia, and then to Kazakhstan. oh So it little bit, it was kind of like baby steps. A little bit of background on how I ever got involved in this is I'm a mechanical engineer. oh 04:52 by training, you know, I got an MBA and worked in, you know, Ford Motor Company and automotive suppliers. And, um, and then many decades ago, um, we had a new governor in Michigan and, um, he, like all other governors, even, even still now today said that, you know, the Michigan economy is dominated by the auto industry, you know, and 05:21 And it goes up and down and up and down and up and down. And we need to diversify the economy. Right? Right. So this governor, name was Bob Blanchard. He put together a program uh in the sort of the mid eighties on how to go about diversifying the Michigan economy. And he put together a bunch of blue ribbon boards of CEOs of, you know, Ford and GM and 05:51 Chrysler and you know, the major ...
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