In this profound episode, Cris Zimmermann, Co-Founder of Medici Global Ventures, shares Medici principles for transitioning from success to lasting significance. If you struggle with emptiness despite wealth and unclear legacy impact, you won't want to miss it.
You will discover:
- How to foster multi-generational family and business continuity like the Medicis
- Why blending art, leadership, and strategy builds enduring influence
- What strategic planning secures your wealth and values for centuries
This episode is ideal for for Founders, Owners, and CEOs in stage , of The Founder's Evolution. Not sure which stage you're in? Find out for free in less than 10 minutes at https://www.scalearchitects.com/founders/quiz
Cris Auditore Zimmermann is a seasoned entrepreneur, global investor, and keynote speaker with over 25 years of experience. He emphasizes the importance of strategic planning and legacy building. He has founded more than 20 companies across five countries, authored Get Your House in Order, and co-founded the Medici Community. Cris empowers entrepreneurs to harness the timeless principles of the Medici legacy to build lasting success and impact.
Want to learn more about Cris Zimmermann's work at Medici Global Ventures? Check out his website at https://medicilegacy.com/
You can buy his book Get Your House in Order at https://medicilegacy.com/medici-box/
Mentioned in this episode:
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Hello, hello and welcome. Welcome once again
Scott Ritzheimer:to the start, scale and succeed podcast. It's the only podcast
Scott Ritzheimer:that grows with you through all seven stages of your journey as
Scott Ritzheimer:a founder. And there's something that I see, particularly for
Scott Ritzheimer:those in the latter parts of our journey. In stage seven, you
Scott Ritzheimer:have built more than most people could ever hope to build. You've
Scott Ritzheimer:accumulated more resources, and whether that be financial wealth
Scott Ritzheimer:or relational wealth or network wealth, and you're sitting there
Scott Ritzheimer:in what most people would define success, yet you're haunted by
Scott Ritzheimer:this question, what do I actually want to leave behind
Scott Ritzheimer:because you look at those bank accounts, but you still somehow
Scott Ritzheimer:feel empty inside. You look at your companies and wonder what's
Scott Ritzheimer:going to happen when you're gone, what's going to happen
Scott Ritzheimer:when they're gone, and you realize you've been playing on a
Scott Ritzheimer:field that's too small, and this is especially true in stage
Scott Ritzheimer:seven. Now it's not a new question, right? This dates back
Scott Ritzheimer:hundreds, if not 1000s of years, and fortunately, we can look
Scott Ritzheimer:back some of those years to find some answers from those who have
Scott Ritzheimer:gone before us, specifically a 15th century banker of all
Scott Ritzheimer:things, and to help us figure that out is the one and only
Scott Ritzheimer:Chris Auditore Zimmerman, who is a seasoned entrepreneur, global
Scott Ritzheimer:investor and keynote speaker with over 25 years of
Scott Ritzheimer:experience. He emphasized the importance of strategic planning
Scott Ritzheimer:and legacy building. He's founded more than 20 companies
Scott Ritzheimer:across five countries, authored get your house in order, and co
Scott Ritzheimer:founded the Medici community. Chris empowers entrepreneurs to
Scott Ritzheimer:harness the timeless principles of the Medici legacy to build
Scott Ritzheimer:lasting success and impact. Well, Chris, welcome to the
Scott Ritzheimer:show. So excited to have you here calling in from Frankfurt,
Scott Ritzheimer:Germany, if I'm correct,
Cris Zimmermann:yes. Scott, greetings here from Germany. And
Cris Zimmermann:I love it that you have a German last name as well.
Scott Ritzheimer:I had another guest on the show, and he
Scott Ritzheimer:corrected the pronunciation of my name for me, so I learned how
Scott Ritzheimer:to say my name.
Cris Zimmermann:It's Ritzheimer. It's very simple is
Cris Zimmermann:there's no there's no doubt about how to pronounce your
Cris Zimmermann:name.
Scott Ritzheimer:Oh, that's so funny. That's so funny. It's got
Scott Ritzheimer:a little too much phlegm for me, but that's all right. So Chris,
Scott Ritzheimer:you've done a thing or two in your life. You've started 20
Scott Ritzheimer:companies, five countries, and by just about any measure of
Scott Ritzheimer:success, it's been remarkable, right? But in you tell the story
Scott Ritzheimer:of, I believe it was back in 2020, you found yourself having
Scott Ritzheimer:a panic attack on a beautiful vacation in a wonderful place.
Scott Ritzheimer:What happened? What led to this? And how did a story about an
Scott Ritzheimer:Italian banker turn it all around?
Cris Zimmermann:Well, yes, I've been, I'm an entrepreneur, and
Cris Zimmermann:I've been building companies here. I'm from Frankfurt,
Cris Zimmermann:Germany, and studied law at Frankfurt University and but
Cris Zimmermann:I've never really wanted to be in law. I've always been
Cris Zimmermann:creating companies, and been doing that for many, many years,
Cris Zimmermann:but what was absolutely dramatic was exactly that incident that
Cris Zimmermann:you just mentioned in 2020 during the pandemic. Obviously,
Cris Zimmermann:different places around the world had different ways on how
Cris Zimmermann:to handle the pandemic. Germany was on a brutal lockdown for
Cris Zimmermann:about a year. We couldn't go to any restaurants. We couldn't go
Cris Zimmermann:out to fitness studios. They even closed down golf courses
Cris Zimmermann:with the explanation of social distancing, which I have no idea
Cris Zimmermann:how you cannot have a social distance on a golf course. And
Cris Zimmermann:anyhow, I have a family. I've been married for almost 25 years
Cris Zimmermann:to my wife, Andrea, and we've got three boys, and we had three
Cris Zimmermann:teenagers sitting here at home playing video games all day
Cris Zimmermann:long. Homeschooling didn't work, and it was just a terrible year
Cris Zimmermann:for us. I'm naturally more of an extrovert. I like to have
Cris Zimmermann:meetings. I like to go to the office. I like to fly around the
Cris Zimmermann:world and to the different projects and different companies
Cris Zimmermann:and and I couldn't do any of that, and then my wife wasn't
Cris Zimmermann:doing well. She had a she had a health issue with her heart, and
Cris Zimmermann:hit something like, like a burnout. Yeah, everyone was mad
Cris Zimmermann:at me because I was very irritated at home, so we had a
Cris Zimmermann:house on fire, and that's literally why I called the book
Cris Zimmermann:that I wrote a couple of years later, get your house in order,
Cris Zimmermann:because that's literally what I had to do. I needed to get my
Cris Zimmermann:house in order. And I got inspired on a vacation in the
Cris Zimmermann:beautiful city of Florence in Italy, when I learned more about
Cris Zimmermann:the Medici family, or the Medici family, specifically the
Cris Zimmermann:founding patriarch. His name is Cosimo de Medici, and he
Cris Zimmermann:probably was the wealthiest person in the 15th century. It's
Cris Zimmermann:a little bit more difficult to measure these things. Nowadays,
Cris Zimmermann:because their currencies are different, but, but he was a
Cris Zimmermann:self made entrepreneur. They started off as cloth merchants.
Cris Zimmermann:They went into banking, and then they built this incredible
Cris Zimmermann:banking Empire all over Europe and and as I was reading about
Cris Zimmermann:him, doing my moment or my time, really of crisis. And, you know,
Cris Zimmermann:I don't use this word crisis lightly, because literally, it
Cris Zimmermann:didn't feel at all good for myself. It didn't feel good for
Cris Zimmermann:my family, and it also didn't feel good for a number of our
Cris Zimmermann:companies. Interest rates started climbing during that
Cris Zimmermann:time. I had a number of deals fall through, so also
Cris Zimmermann:economically and financially, it wasn't a good time for us as a
Cris Zimmermann:family. Yeah, I kind of started digging myself into someone who
Cris Zimmermann:lived 500 years ago, and and I, and this kind of sent me off on
Cris Zimmermann:a journey to really learn some from some some from some
Cris Zimmermann:families from the past on how do you set up yourself, how do you
Cris Zimmermann:set up your family, and how do you set up your business? And so
Cris Zimmermann:I can say that the last few years I've been on this quest of
Cris Zimmermann:learning more, and this is what I'm very passionate about.
Scott Ritzheimer:Yeah, it caught me because get your house
Scott Ritzheimer:in order was not exactly what I expected from a title of a
Scott Ritzheimer:business book and and so there's this interplay between our life
Scott Ritzheimer:and entrepreneurship and how intertwined those are. But you
Scott Ritzheimer:also think of you speak to something very specific, and
Scott Ritzheimer:it's not one house, but four. So walk us through from your book,
Scott Ritzheimer:the four different houses and why they're relevant to us as
Scott Ritzheimer:entrepreneurs.
Cris Zimmermann:Yeah. So that was actually what was so
Cris Zimmermann:surprising to me. So I had always learned about the Medici
Cris Zimmermann:family growing up in Germany. It's part of our normal high
Cris Zimmermann:school education that you learn that in the 15th century, you
Cris Zimmermann:know, the Renaissance family that literally, kind of became
Cris Zimmermann:the great patrons of the arts. They sponsored people like
Cris Zimmermann:Leonardo da Vinci, Michelangelo, Donatello, they had some Popes.
Cris Zimmermann:They worked themselves into the Catholic Church. They InterMed
Cris Zimmermann:with the house of Spain. They InterMed with the house of
Cris Zimmermann:friends. So I'd always known kind of about them being kind of
Cris Zimmermann:this very extravagant, successful business family. But
Cris Zimmermann:when I started reading about the life of specifically Cosimo, the
Cris Zimmermann:founding patriarch, I was so astonished that, literally, he
Cris Zimmermann:wasn't just successful on his business side, but it kind of
Cris Zimmermann:became obvious to me that he had the different areas of his life
Cris Zimmermann:in order. And, you know, this is how this, you know, the title of
Cris Zimmermann:this book came about, and, and, and so I've structured the book
Cris Zimmermann:in a sense where I take people through this journey influence
Cris Zimmermann:in Italy, where there are these different houses, which most of
Cris Zimmermann:them you can still visit today. So the first one is what I've
Cris Zimmermann:called the House of personal development. So Cosimo built a
Cris Zimmermann:or bought a countryside home called Villa di Careggi, which
Cris Zimmermann:is just outside of Florence back then. Now, is actually included
Cris Zimmermann:because the city has grown and it was so interesting. This was
Cris Zimmermann:a house where he countryside home where he would go, and I
Cris Zimmermann:literally found some quotes where he said that he goes there
Cris Zimmermann:to work on himself, and so, you know, not to take care of
Cris Zimmermann:business. You know, even though he had lots of people employed,
Cris Zimmermann:and he was running all kinds of things, but he literally had a
Cris Zimmermann:physical location where he, as an entrepreneur, would go to
Cris Zimmermann:work on himself. And so a few things that kind of stood out,
Cris Zimmermann:one, one of them was that in the mornings, he would get up very
Cris Zimmermann:early to kind of work himself in the garden, you know, water the
Cris Zimmermann:flowers, you know, perhaps plant a few trees, and literally get
Cris Zimmermann:his hands a little bit dirty in gardening. Now, I'm not a
Cris Zimmermann:gardener, but I thought it's quite interesting for a guy who
Cris Zimmermann:can employ 1000s of people to do his gardening. Yeah, he had a
Cris Zimmermann:location where he would spend time, and he said that, you
Cris Zimmermann:know, it's almost like this gave him, you know, fresh fresh wind
Cris Zimmermann:under his wings, and fresh air to breathe and and then he
Cris Zimmermann:found, then he then he started assembling a library at the
Cris Zimmermann:villa dicareggi, which was very astonishing. He lived before the
Cris Zimmermann:printing press was invented. So he grew up in a house where
Cris Zimmermann:there were three books, you know, because there were no
Cris Zimmermann:books. No one had books around. But he went on this hunt for
Cris Zimmermann:books, actually, before he entered into kind of fully into
Cris Zimmermann:business, he had two years where he went scouting around the
Cris Zimmermann:world to collect books, ancient manuscripts of Greek philosophy,
Cris Zimmermann:theology, books, all kinds of Wisdom literature, and brought
Cris Zimmermann:it back to his home. So by the end of his life, at his villa
Cris Zimmermann:dicareggi, he had this massive library, which now is one of the
Cris Zimmermann:most fundamental European libraries we have in the whole
Cris Zimmermann:continent. And so he, as a business guy, was a reader. He
Cris Zimmermann:loved to read devout books, climb into the manuscripts of
Cris Zimmermann:Plato and Aristotle's and Socrates and, you know, and
Cris Zimmermann:that's why. You know, he and his family is called the Renaissance
Cris Zimmermann:family, because they rebirth some of the old, ancient wisdom.
Cris Zimmermann:Yeah. Anyhow, so he had, he had this place for personal
Cris Zimmermann:development. But then the other, you know, other kind of houses,
Cris Zimmermann:just to hint at that. So the villa Medici, which is downtown
Cris Zimmermann:Florence, I call it the house of relationships. He was very much
Cris Zimmermann:a relationship manager. You know, he built his own family
Cris Zimmermann:there, but he also built very strong relationships with popes
Cris Zimmermann:and and and kings from around the world, and he would host
Cris Zimmermann:them at his place, and they sit around the, you know, campfire
Cris Zimmermann:in the evening there in his house and and kind of share some
Cris Zimmermann:of these stories. And then he would also host the artists. And
Cris Zimmermann:so build relationships with the artists. Like Donatello, for
Cris Zimmermann:example, lived with a manichi family. They would discuss the
Cris Zimmermann:artworks over dinner. So house of relationship is the second
Cris Zimmermann:1/3. One is the, you know, the house of influence is kind of
Cris Zimmermann:the political center, the Signoria in Florence that he
Cris Zimmermann:would go to in order to influence the city the good of
Cris Zimmermann:the city, get involved in politics. And the fourth one is
Cris Zimmermann:that, you know, the house of business, which is the manager
Cris Zimmermann:bank.
Scott Ritzheimer:Yeah, there's so much in that that we could
Scott Ritzheimer:unpack for hours. I think one of the the interesting things about
Scott Ritzheimer:stage seven in particular, that you touched on just briefly, and
Scott Ritzheimer:I'd like for you to expound on a little more for us, is that it's
Scott Ritzheimer:not just business, right? So it's the personal development,
Scott Ritzheimer:it's the relationship, and it's influence, which I think is a
Scott Ritzheimer:really, really key piece in stage seven, that we're moving
Scott Ritzheimer:away from control of everything to influence in a much greater
Scott Ritzheimer:scale. How did, how did he think about influence, especially
Scott Ritzheimer:toward the latter part of his life?
Cris Zimmermann:Yeah, Scott, great question, and that's very
Cris Zimmermann:true. So basically, this is where I find find myself after,
Cris Zimmermann:you know, after this 2020 pandemic, I basically
Cris Zimmermann:reorganized my life and now our company. So I own like 26 or 27
Cris Zimmermann:different companies around the world. Mainly, I'm an investor.
Cris Zimmermann:Now I'm not operational anymore, so I handed over all operational
Cris Zimmermann:work, and now we run things through our Family Foundation,
Cris Zimmermann:which is all about not just, as you say at the beginning of your
Cris Zimmermann:the different stages, kind of the hustle and the building out
Cris Zimmermann:phase, but it's really now about, how do you structure
Cris Zimmermann:things, not just for yourself, but also for your family, for
Cris Zimmermann:your kids, for your grandkids and their kids and so forth, but
Cris Zimmermann:also for impact in this world. You know, at some point it's
Cris Zimmermann:really, you know, it's not about just another deal. It's not just
Cris Zimmermann:about another investment, and whether you have a few more
Cris Zimmermann:euros or US dollars on your bank account. It's really kind of
Cris Zimmermann:what kind of impact you want to do have in this world. And so
Cris Zimmermann:this is, you know, if you've ever been, have you, have you
Cris Zimmermann:been to Florence, Italy? Have you ever taken a trip? Not, I
Cris Zimmermann:have not Well, Scott, I'd love to invite you, because that's
Cris Zimmermann:one of the things that I now do, is I, I invite business,
Cris Zimmermann:business families to come and join me on one of these trips.
Cris Zimmermann:Basically the Medici family constructed the city of
Cris Zimmermann:Florence. So, you know, every Palazzo, every church, the
Cris Zimmermann:Cathedral, the museums that people go to in Florence, they
Cris Zimmermann:all stem out of a building period where the Medici family
Cris Zimmermann:was in power and in influence. And so what is fascinating is
Cris Zimmermann:that they literally went beyond just money, just creating a
Cris Zimmermann:successful business. They really invested into culture and into
Cris Zimmermann:art and into the sciences and religion, you know, and many of
Cris Zimmermann:the but today, that's why they call the Renaissance family. And
Cris Zimmermann:so one of the great joys that I have now is to be thinking
Cris Zimmermann:through strategically. You know, how can I do that with my little
Cris Zimmermann:family, with with with my few companies? You know? How can I
Cris Zimmermann:set them up? And that's where it goes beyond just, let's say,
Cris Zimmermann:financial success. It also really goes about impact in the
Cris Zimmermann:world.
Scott Ritzheimer:It's so true. It's so true. Chris, there's
Scott Ritzheimer:this question that I ask all my guests. I'm very interested to
Scott Ritzheimer:see what you'd have to say. But in the light of this
Scott Ritzheimer:conversation and where you are in your journey, what would you
Scott Ritzheimer:say is the biggest secret that you wish wasn't a secret at all.
Scott Ritzheimer:What's that one thing you wish everybody watching or listening
Scott Ritzheimer:today knew?
Cris Zimmermann:So that, basically what I'm what I'm
Cris Zimmermann:trying to draw out here. There are about 1000 books written on
Cris Zimmermann:the Medici family, and they're all written by historians and
Cris Zimmermann:art historians, which are wonderful people to kind of
Cris Zimmermann:record the story of this family. But what I'm trying to draw out
Cris Zimmermann:is some of the principles that actually help us, you know,
Cris Zimmermann:shape our lives and our families and our companies. And so I
Cris Zimmermann:almost feel like it's a it's a missing secret, that there are
Cris Zimmermann:principles that can help and guide us towards success,
Cris Zimmermann:significance and legacy. And it's almost. We do not have to
Cris Zimmermann:walk in the dark, but there are things we can learn and study.
Cris Zimmermann:And you know, it needs some brain capacity, it needs some
Cris Zimmermann:good thinking, it needs some research, but there are things
Cris Zimmermann:we can work out that can help us in the present to be successful,
Cris Zimmermann:and that's what, what I think, you know, oftentimes, gets, gets
Cris Zimmermann:missed, that it's not just, you know, the nice country that
Cris Zimmermann:you're born into, or the kind of nice degree that you've got from
Cris Zimmermann:university, or some luck in finding some investors to invest
Cris Zimmermann:in your company, but there are steps to take in order to set
Cris Zimmermann:yourself, your family and your business up for success and
Cris Zimmermann:legacy.
Scott Ritzheimer:Yeah, so good Chris. There's this old Greek
Scott Ritzheimer:proverb, I'm sure you're aware of it. It says society grows
Scott Ritzheimer:great when old men plant trees under whose shade they'll never
Scott Ritzheimer:sit. And stage seven is rarefied air. It's not often that we get
Scott Ritzheimer:to see folks who have been there, let alone really looked
Scott Ritzheimer:at how stage seven works and and made that pathway easier for
Scott Ritzheimer:those who follow in our footsteps. So thank you so much
Scott Ritzheimer:for being on the show. Before I let you go, I have to know, how
Scott Ritzheimer:can folks reach out to you and find out more? Where can they
Scott Ritzheimer:get a copy of the book?
Cris Zimmermann:Yeah, so I've now a Family Foundation. We've
Cris Zimmermann:set up what we call the Medici community, where we're involving
Cris Zimmermann:business families around the world who really want to think
Cris Zimmermann:beyond, you know, just success. You know, how do you how do you
Cris Zimmermann:create a legacy? So, under Medici legacy.com Medici
Cris Zimmermann:legacy.com you can get a download of my book. I just
Cris Zimmermann:wrote, actually, a second book on the life of Lorenzo de
Cris Zimmermann:Medici, which is the which is the grandson of Cosimo. And that
Cris Zimmermann:book is coming out very soon. It's called from success to
Cris Zimmermann:significance, and there are some lessons from the art and the
Cris Zimmermann:leadership of Lorenzo, managing some leadership principles.
Cris Zimmermann:Yeah, I'd be very happy if you, or any of your listeners are
Cris Zimmermann:interested to really kind of work on the on the theme of
Cris Zimmermann:legacy. We've really created a realm of learning together. So
Cris Zimmermann:that's well, be happy to be in touch.
Scott Ritzheimer:That's fantastic. Chris. Thank you so
Scott Ritzheimer:much privilege and honor having you here with us today, and for
Scott Ritzheimer:those of you watching and listening, you know your time
Scott Ritzheimer:and attention mean the world to us, I hope you got as much out
Scott Ritzheimer:of this conversation as I know I did, and I cannot wait to see
Scott Ritzheimer:you next time. Take care.