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@ibgib
@ibgib Күн бұрын
I've seen several of your videos. Do you also invest and are you interested in fixing the seemingly perilous overall structure to investments? For example, if the product were to target the open problem of open source remuneration, and it happened to provide implementation mechanics that enabled an investment equivalent of open source (because it has to do with open collaboration + pay, which investment is one particular concrete use case), would that be interesting to you?
@tedxstanleypark9847
@tedxstanleypark9847 3 күн бұрын
Excellent !!!!
@BrettFoxstartupceo
@BrettFoxstartupceo 3 күн бұрын
Thanks for the kind words, Ted. I appreciate it.
@JuanSanchez-tk4vr
@JuanSanchez-tk4vr 4 күн бұрын
Brett, I want to start a business selling the same herbal supplement that I have been taking for 12 years with great results. It balances hormones for both Men and Women. It has tons of success stories on KZfaq. Most people need it, but very few know it exists. What should I do? Start myself and get some sales, then seek investors. Or seek investors now.
@nabeelkausari
@nabeelkausari 5 күн бұрын
Key Highlights for those who want to revise: 1. What is your exit strategy? - Investors know the potential exits for your startup, they want to understand whether you know it 2. Why won't existing players build what you're building? - You fail if you don't acknowledge that any large competitor has the ability to do what you're doing - It's cheaper for a large competitor to buy us than to build the technology themselves 3. But what would you do if they do enter your market segment? - If you say that they will not enter the market, then you are lost - If you say we can change strategies, you are lost again - This is our sole focus, we will fight to the death to win 4. What valuation are you expecting this round of funding? 1. In A Negotiation: Let the other side go first - You give a valuation too high and you scare the investor away - You give a valuation too low and you cost yourself money - You get it right - We'll let the market decide our valuation - I've seen companies like us are valued between X and Y 5. What keeps you up in the night? - Investors ask this question because you never know what you'll hear - I'm worried about recruiting the top talent, having said that, I'm confident enough of the existing team, that we continue to execute very well
@stuttgart9000
@stuttgart9000 5 күн бұрын
No NDA, you must be crazy to give away your idea, way too many Unscrupulous investors that are out to steal ideas
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
Contrary to popular opinion, you don't have to worry about investors stealing your idea. It's another group of people that you really have to worry about: www.brettjfox.com/how-should-you-protect-your-idea-before-you-raise-funding/
@stuttgart9000
@stuttgart9000 5 күн бұрын
File a "Patent" is the easiest way to go, and I've done this several times when I recorded my conversations Illegal or not that's a whole different thing,, but at least I have something to start another other kind of conversation if it got to that point
@anabellag7
@anabellag7 5 күн бұрын
I love your content!!! ❤
@BrettFoxstartupceo
@BrettFoxstartupceo 3 күн бұрын
Thanks for the kind words! I appreciate it.
@shukrantpatil
@shukrantpatil 5 күн бұрын
Are there not VC’s which primarily focus on pre seed and seed funding stage startups? I think I’ve read of some VC’s on this section.
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
It's a dying breed. There are some that will invest early, but they are few and far between.
@WaleedOsman-
@WaleedOsman- 5 күн бұрын
What about YC? I need someone to tell me about pros & cons of addressing YC. Thanks.
@milo8242
@milo8242 5 күн бұрын
hey brett, im making a product and my exit strategy is getting acquired, until then I will not have any revenue, how do I "convince" investors, what storytelling would you suggest would make potential investors have faith in me/my idea. Also, I requre some capital so is following SAFE framework to get investment from VCs a good idea? (seed round)
@jamieparker376
@jamieparker376 5 күн бұрын
What if friends and family are not an option for early investors?
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
Then, you have to find other options. You and your co-founders will have to pitch in. Then, you'll have to find a way to survive until you can either get a loan, attract angel investors, or bootstrap and get to cash flow postive.
@WaleedOsman-
@WaleedOsman- 5 күн бұрын
What about YC? I need someone to tell me about pros & cons of addressing YC. Thanks.
@BrettFoxstartupceo
@BrettFoxstartupceo 4 күн бұрын
@@WaleedOsman- Accelerators like YC are different. You have to look at the merits of each one. I think very highly of YC. That being said, it's not easy to accepted by them.
@chmadanmohansantosh6482
@chmadanmohansantosh6482 5 күн бұрын
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
Thanks!
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 5 күн бұрын
To get your free Startup Pitch Deck Template go to: www.brettjfox.com/startup-pitch-deck-template-youtube/
@dbertovi
@dbertovi 6 күн бұрын
Hi Brett! Very nicely presented topics! Thanks. But I have a question: In another video - "What You Should Never Say To An Investor", you say, it is a red flag to investor if you say that any financial plan or estimate is conservative. Yet in this video, you show us a LinkedIn financial plan which on the top of the second group column has "Conserviative Projections" title. So, how do you explain this discrepancy? LinkedIn plan looks realistic, I don't know, and it is a conservative projection. To tell or not to tell? The question is now? Thanks for any suggestions (maybe Linked in plan was just to show the main topics of an estimate? and we should disregard the naming of the second column group?) Thanks, anyway.
@BrettFoxstartupceo
@BrettFoxstartupceo 6 күн бұрын
Thanks for the kind words.. Great point regarding LinkedIn. I think I said in the video that was a mistake on their part to do this. Having said that, the rules might a little different when you already had all the gravitas built up that Reid Hoffman did. Then you could say a plan was conservative and investors would believe it. You and I don't have that gravitas, so we have to play by a different set of rules.
@kasranouri7005
@kasranouri7005 7 күн бұрын
I am a 17 year old boy who has the goal of starting a unicorn company in the United States and this video was awesome. Thanks you.
@BrettFoxstartupceo
@BrettFoxstartupceo 6 күн бұрын
Best of luck!
@TaskSwitcherify
@TaskSwitcherify 9 күн бұрын
Please fix your thumbnail, it's very coarse and you deserve better 🙂
@BrettFoxstartupceo
@BrettFoxstartupceo 9 күн бұрын
Thanks for the input! I appreciate it!
@dreamerinc.8491
@dreamerinc.8491 10 күн бұрын
Great insights
@BrettFoxstartupceo
@BrettFoxstartupceo 9 күн бұрын
Thanks for your kind words. I appreciate it.
@bigbanknewyork3655
@bigbanknewyork3655 11 күн бұрын
Anybody want to take a crack at putting a valuation number on Convochat?
@kjackson5453
@kjackson5453 11 күн бұрын
Thank you for this❤
@BrettFoxstartupceo
@BrettFoxstartupceo 11 күн бұрын
You're welcome!
@dreamerinc.8491
@dreamerinc.8491 11 күн бұрын
Really great
@BrettFoxstartupceo
@BrettFoxstartupceo 11 күн бұрын
Glad you liked it!
@GeoffreyKamali
@GeoffreyKamali 12 күн бұрын
Very insightful. There's always more beyond the innocent-looking clauses in term sheets. Tranches and an investor refusing to take a board seat didn't appear sinister to me initially. These blow it for me. Thank you, sir.
@BrettFoxstartupceo
@BrettFoxstartupceo 11 күн бұрын
You're welcome, Geoffrey. I'm glad you found the video useful.
@ask-csk
@ask-csk 12 күн бұрын
Good And Very important notes
@BrettFoxstartupceo
@BrettFoxstartupceo 12 күн бұрын
Glad you liked it.
@turoczy_
@turoczy_ 12 күн бұрын
Thank you so much for this! The power dynamic of VC makes it very difficult for most founders to even broach this topic. I'm really glad you took this opportunity to share these critical insights.
@BrettFoxstartupceo
@BrettFoxstartupceo 12 күн бұрын
Thanks for your kind words. I'm glad you found the video useful.
@jdavis1958
@jdavis1958 12 күн бұрын
Very important video
@BrettFoxstartupceo
@BrettFoxstartupceo 12 күн бұрын
Thanks for the kind words!
@BrettFoxstartupceo
@BrettFoxstartupceo 12 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 12 күн бұрын
To get your free Startup Pitch Deck Template go to: www.brettjfox.com/startup-pitch-deck-template-youtube/
@nasty000z
@nasty000z 12 күн бұрын
thanks!
@jenniferlim2250
@jenniferlim2250 12 күн бұрын
How do you tell, from "gut feel", whether a start up is going to survive or crash, in the first few months? Are there any telling indicators?
@CaseStudyQB
@CaseStudyQB 13 күн бұрын
Damn, missed it again, I’m going to have to put the next one in my google calendar
@derduskenga
@derduskenga 14 күн бұрын
Great content Brett So, when you raise a round of funding, everyone, including previous investors, gets diluted. Yes? Or can previous investor influence or object to terms in a new round of funding?
@Kansalsero
@Kansalsero 14 күн бұрын
What about Angel investors?
@derduskenga
@derduskenga 15 күн бұрын
Quick question on vesting, in my opinion, it's still not good for a founder to leave a company after 4 year of completing vesting. They may be leaving the company owning 50% of it. What safeguards are available for this? Can you agree that even after vesting, you still have to stick around, or the company will buy back the shares?
@BrettFoxstartupceo
@BrettFoxstartupceo 14 күн бұрын
This is a great question. People leave companies. It happens. You can always have a longer vesting schedule. Or, you can buy out your co-founder. This may be a good deal for your co-founder because an exit usually takes seven to ten years. The other reality is you and your co-founder will be diluted over time because you will give equity to other employees. Watch this video for more: kzfaq.info/get/bejne/Z8xki7R2ms6yqaM.html
@monefi
@monefi 15 күн бұрын
All alone in the bootstrap world
@Tonu
@Tonu 15 күн бұрын
What color should company logo be is NOT question to be asked in democratic vote. This is something professionals need to provide 80% of input and 20% of management or CEO to make alone. Really! Making logo is not a piece of cake most of people even grasp how contstraintsful it is. I had case where there was basically graphics for logo but someone could not decide color and also could not decide if company name should be written in bold. And they made a vote. People's time should spent in more wise way. Anyone interested can look YT video kzfaq.info/get/bejne/ptSmaMx8p5jMnGg.html and see how democratically elected symbols worked out.
@BrettFoxstartupceo
@BrettFoxstartupceo 15 күн бұрын
Thanks for sharing your thoughts, Tonu
@BeeRich33
@BeeRich33 16 күн бұрын
I had two partners like this. The sheer stupidity out there is astronomical.
@BrettFoxstartupceo
@BrettFoxstartupceo 15 күн бұрын
That's well said. Thanks for sharing your thoughts.
@ask-csk
@ask-csk 16 күн бұрын
What about Sales trait for the CEO
@ask-csk
@ask-csk 16 күн бұрын
Shareing the Pitch Deck of Fundraising or Customer Pitch Deck to New recruits ? Or what
@ask-csk
@ask-csk 16 күн бұрын
Really So good and Tips are so great 👍
@ask-csk
@ask-csk 16 күн бұрын
So good 👍
@nighthiker8872
@nighthiker8872 17 күн бұрын
Great! information ahead of time. Always have the schedules set and plan dates, planned out. Be proactive
@Josephu-rr4go
@Josephu-rr4go 17 күн бұрын
so the money invested by the investors are paid back in terms of equity and no need of paying it back? Pls elaborate !!
@BrettFoxstartupceo
@BrettFoxstartupceo 17 күн бұрын
That's the way venture funding works. You give up a percentage of your company. The investors are betting they will make at least 10X to 30X on their investment over time when the company is sold or goes public.
@Josephu-rr4go
@Josephu-rr4go 16 күн бұрын
@@BrettFoxstartupceo Thanks
@skytoll1
@skytoll1 17 күн бұрын
100% AGREE! I'm not a fan of VC's, and would like to avoid them at all costs. We need to raise funding for a dozen manufacturing shops across the USA, so it's time to get creative with the financing. 🍷🍷😎
@BrettFoxstartupceo
@BrettFoxstartupceo 17 күн бұрын
Glad you liked the video. Best of luck on your fundraising.
@ChristianAgbekudzi
@ChristianAgbekudzi 18 күн бұрын
Well done, for your content creation
@BrettFoxstartupceo
@BrettFoxstartupceo 17 күн бұрын
Thanks Christian!
@ChristianAgbekudzi
@ChristianAgbekudzi 18 күн бұрын
Well done, for your content creation
@BrettFoxstartupceo
@BrettFoxstartupceo 17 күн бұрын
Thanks for the kind words, Christian
@bigbanknewyork3655
@bigbanknewyork3655 18 күн бұрын
Excellent video
@BrettFoxstartupceo
@BrettFoxstartupceo 17 күн бұрын
Thanks for the kind words!
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about
@BrettFoxstartupceo
@BrettFoxstartupceo 18 күн бұрын
Join my free community for startup CEOs here. There are weekly AMAs with me: Skool group: www.skool.com/zero-to-pitch-7541/about