This is gold, not only for speaking with investors, but just for how to think about your own company. These bad answers are also pitfalls a young company can fall into and cause lackluster performance.
New to your channel, but I find it to be really useful, these videos are helping a lot with understanding better the investors struggles into finding good startups to work with, and especially to tell how easy it will be to collaborate with the CEO. So in reality this video is actually helping us not just have the right answers but better understand what an investor is looking for from a potential collaboration. Of course everyone wants half of their business in equity, unicorns and IPOs, but they know that 90% of them will fail so it's better to have a good collaboration between the investors and the founders and hopefully manage to grow the business together and make it a success. Brett, thank you again for your insights.
What about using this response for "What is your exit strategy?" My primary focus right now is on building a successful, sustainable business that delivers real value to our customers and grows steadily. That said, I recognize that an exit is an important consideration for investors. While I’m open to various possibilities-whether it’s an acquisition, IPO, or strategic partnership-my immediate priority is scaling the business and maximizing its potential. As we grow, I’m confident that the right exit opportunities will present themselves naturally.
I get the idea that you're going for. However, I'm in the "less is more camp". I'd just stick to "I'm focused on building a great company." The second you start talking about an exit at an early stage, you're playing with fire.
Thanks for the video. I would like to extend the answer about competing with Google and Facebook. Fighting till I die is good to show the spirit of the startup but an investor may take it as a lack of strategy. We should supplement this sentiment with a clear strategy how my startup can still win. This is actually hard and unique for every startup.
I this is a really good question. it goes to the "why will we fail" question that is great to be proactive with because you can then tell investors what will do to prevent this from happening.
Hi Brett. I'm talking to Angel Investors. I used your valuation answer and one actually complimented me on not breaking. But some of them are not really sophisticated. Do you have an easy way to explain a SAFE agreement?
Question on "What Valuation for This Round. Can the startup answer this trick question by stating categorically, I ran our numbers and I need $20, $30 or $X Millions to execute for the next 18 months, what is the amount going to cost me in equity?
It's an unanswerable question because the market (potential investors) will determine how much equity they demand in return for giving you the equity. And, as painful as it is to hear, the answer in many cases is there is no amount of equity worth giving you the money you need.
Why the puzzles! I have been following Angel's startup advice since the dotcom 1 era and they keep moving and changing the goal posts. This categorically stifles our startup economy, innovation and most importantly stifles innovation by diverse founders.
@@daringilstrapscm6348 It comes down to this: 100 to 1. That's the number of face to face meetings an investor will take potential investments before investing in one startup. Investors are trying to figure out who to give money to based on a small amount of interaction. It's hard to do well. So they can develop tells that help them recognize who will be a good partner to work with.
Well, these aren’t really trick questions, or? These are asked to learn more about the founders, how they think and react and if they understand the industry they are working in, etc.
@@BrettFoxstartupceo What’s wrong with you man? My comment wasn’t even for you, yet you said ‘never’ to something you didn’t know? Are you God? Or Don Valentine? Or the representative of the world’s venture capitalists? I mean, I don’t even need VCs for my business. And how do you know I need an investor and plan to raise any money? TH-cam just showed your video, and this is how you react to people? Jeez, shame on you, Mr. Greatest Investor of All Time who thinks know everything about venture capital.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
To get your free Startup Pitch Deck Template go to: www.brettjfox.com/startup-pitch-deck-template-youtube/
Absolutely love your tips. They are so helpful, concise, and present real answers to real questions that are so valuable
Thanks for the kind words, Tracy. I'm glad you're finding my videos useful.
I have not seen anybody give me straight and simplified answers to these questions until today!! Finally!! Thank you so much, sir!!
You're welcome. I'm glad you're finding my videos helpful!
This is gold, not only for speaking with investors, but just for how to think about your own company. These bad answers are also pitfalls a young company can fall into and cause lackluster performance.
Thanks for your kind words. I agree with your thoughts.
New to your channel, but I find it to be really useful, these videos are helping a lot with understanding better the investors struggles into finding good startups to work with, and especially to tell how easy it will be to collaborate with the CEO. So in reality this video is actually helping us not just have the right answers but better understand what an investor is looking for from a potential collaboration. Of course everyone wants half of their business in equity, unicorns and IPOs, but they know that 90% of them will fail so it's better to have a good collaboration between the investors and the founders and hopefully manage to grow the business together and make it a success. Brett, thank you again for your insights.
Thanks for the kind words Dan. I;m glad you're finding value in my videos. What you wrote is exactly the goal I have for my videos.
I have a pitch in an hour and this was a solid listen. Thank you!
You're welcome. I hope it went well!
All your videos are very informative! I learned a lot from this one : )
Thanks for the kind words, Kate. I'm glad you found this video informative.
One of your bests videos, Brett!!!
Thanks for your kind words. It was a fun one to write and shoot.
Thank you so much for this video
You're welcome!
What about using this response for "What is your exit strategy?"
My primary focus right now is on building a successful, sustainable business that delivers real value to our customers and grows steadily. That said, I recognize that an exit is an important consideration for investors. While I’m open to various possibilities-whether it’s an acquisition, IPO, or strategic partnership-my immediate priority is scaling the business and maximizing its potential. As we grow, I’m confident that the right exit opportunities will present themselves naturally.
I get the idea that you're going for. However, I'm in the "less is more camp". I'd just stick to "I'm focused on building a great company." The second you start talking about an exit at an early stage, you're playing with fire.
@@BrettFoxstartupceo Fair enough.
Incredibly helpful, thanks Brett!
You're welcome.James. I'm glad you found the video useful.
An absolute masterclass, thank you
You're welcome, Marcus. Thanks for the kind words.
Wow .. very helpful always. Thank you so much
Thanks Gregory! I'm glad you found this helpful.
Where to shop for investors?
Great stuff Brett. Thx!
You're welcome. I'm glad you liked it.
You just made my day. Thank you!
You're welcome. I'm glad you found the video useful.
Good stuff, Brett!! Thanks :)
You're welcome, Tanner. I'm glad you liked the video.
Thank you so much for this channel Brett!
You're welcome. I'm glad you're finding so much utility from it.
Such valuable insights in this video ! 👏👏👏👏👏👏👍🏻👍🏻👍🏻👍🏻
Thanks for the kind words. I'm glad you liked the video.
Brett, you are gold. Thank you so much for this! 📈
You're welcome, Marvin. Thanks for the kind words!
@@BrettFoxstartupceo My pleasure, good man. How much would you charge to take a gander at my pitch deck? Many thanks! 😃
This was great! Having been involved in 16 companies during my career have done all those mistakes. Wonderful info!
Thanks for the video. I would like to extend the answer about competing with Google and Facebook. Fighting till I die is good to show the spirit of the startup but an investor may take it as a lack of strategy. We should supplement this sentiment with a clear strategy how my startup can still win. This is actually hard and unique for every startup.
I learned a lot from this video. Thanka
You're welcome, Robert. I'm glad you found the video helpful.
Thank you, great video. What about this question: if we meet in two years and your company has failed - what would you tell me the reason was?
I this is a really good question. it goes to the "why will we fail" question that is great to be proactive with because you can then tell investors what will do to prevent this from happening.
Hi Brett. I'm talking to Angel Investors. I used your valuation answer and one actually complimented me on not breaking. But some of them are not really sophisticated. Do you have an easy way to explain a SAFE agreement?
Great questions
Thanks Deepak! Glad you liked the video.
Thank you! Great info!
God bless you mr Brett
Thanks for the kind words.
Great!
Glad you found value in the video!
I need help finding investors for my product the first hologram drum machine.
I just wonder if you offer a services of raising funds for start ups or you do the teachings only
I do help CEOs develop their pitches and pitch decks. Go to www.brettjfox.com/zero-to-pitch for more.
Thank you!
You're welcome, seperhero
Thanks Brett!
You're welcome!
Great video
Thanks for the kind words, Tim
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
How did you make the little subscribe button do that right when you said subscribe?
It's a secret!
Investors are tricky …
Yes they are :-)
Question on "What Valuation for This Round. Can the startup answer this trick question by stating categorically, I ran our numbers and I need $20, $30 or $X Millions to execute for the next 18 months, what is the amount going to cost me in equity?
It's an unanswerable question because the market (potential investors) will determine how much equity they demand in return for giving you the equity. And, as painful as it is to hear, the answer in many cases is there is no amount of equity worth giving you the money you need.
Why the puzzles! I have been following Angel's startup advice since the dotcom 1 era and they keep moving and changing the goal posts. This categorically stifles our startup economy, innovation and most importantly stifles innovation by diverse founders.
@@daringilstrapscm6348 It comes down to this: 100 to 1. That's the number of face to face meetings an investor will take potential investments before investing in one startup. Investors are trying to figure out who to give money to based on a small amount of interaction. It's hard to do well. So they can develop tells that help them recognize who will be a good partner to work with.
Well, these aren’t really trick questions, or? These are asked to learn more about the founders, how they think and react and if they understand the industry they are working in, etc.
I agree. The questions are asked to learn more about the founders think. Yet they are still trick questions for founders to answer.
This is liquid GOLD
I'm glad you liked the video.
This is more than liquid gold. I just love the clear crisp presentation. So much valuable.
@@chumaski6594 Thanks for the kind words.
❤
Thanks Rob.
Don't accept money from investors who asked stupid questions.
LOL! Then you'd never raise money :-).
@@BrettFoxstartupceo What’s wrong with you man? My comment wasn’t even for you, yet you said ‘never’ to something you didn’t know?
Are you God?
Or Don Valentine?
Or the representative of the world’s venture capitalists?
I mean, I don’t even need VCs for my business. And how do you know I need an investor and plan to raise any money? TH-cam just showed your video, and this is how you react to people?
Jeez, shame on you, Mr. Greatest Investor of All Time who thinks know everything about venture capital.
Depressing
x1,75 ... You are welcone
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
As a beginner investor, all you have to do is to have a mentor to keep you accountable.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
Sincerely speaking. I will continue to trade and stick to Coach Cathie Robert daily signals and guides as long as it works well for me.
Please how can I get in touch with this Coach Cathie Robert? I really need to give her a try
She's mostly on Telegrams, using the user name.
Watch at 1.75x - This seems to be good advice.
great content
Thanks for your kind words.