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Shark Tank judge & RedBalloon founder Naomi Simson on life, business & taking risks

A conversation with Shark Tank judge & RedBalloon founder Naomi Simson, about her journey as a business owner in Australia over the past few decades, her insights on work and how she thinks through big decisions.

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Naomi Simson is an Australian business owner and leader who’s seen it all.

From founding RedBalloon, an online marketplace for experiences in 2001, to being a judge on Shark Tank Australia, she’s full of insights.

In today’s conversation, Kate Campbell chats to Naomi about her journey as a business owner in Australia over the past few decades, its impact on her finances, her insights on work and how she thinks through big decisions. Enjoy!

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Some of the things we talked about in this conversation:

  • What are some interesting experiences you’ve had that have impacted your life, business and career in surprising/unexpected ways?
  • On your website, you have a list of the things you believe. Can you share a few of those and how they’ve shaped your life?
  • Can you share the story of how you came up with the idea for RedBalloon and what inspired you to start your own business?
  • How did the entrepreneurial journey impact your personal finances on a holistic level? E.g. did you take less risk, have less money to invest, try and diversify away from your business…
  • I feel like there’s a lot of focus on becoming a unicorn, raising lots of money and having a glamorous office but less focus on building a business that really serves your customers and adds value to your community. Do you think startups/VC/entrepreneurs are over-celebrated? How do you look at the value a business can add to the world?
  • Beyond the success of RedBalloon, what kind of legacy do you hope to leave in the business world? How do you measure the impact of your work?
  • What advice would you give to someone thinking about starting a business today who might not think they’re ready/have enough money/have enough time etc.?

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