4.8 • 2.3K Ratings
🗓️ 12 January 2023
⏱️ 50 minutes
🧾️ Download transcript
Derik has been a serial entrepreneur for over 20 years. He started his venture capital firm 3F Management in 2002. During that time, he has built and sold over 30 companies.; all of which he exited in the 7, 8, and 9 figure exit ranges. He was born into poverty, had no one to help him, dropped out of college after one semester, and simply "failed" his way to the top! In addition to building his own brands he also invests his own money, time, and resources into promising young entrepreneurs and companies to assist in their growth cycles. By cultivating all of his business operations and culture to support the goal of accelerating growth, and targeted, unprecedented exit strategy multiples for all partnered brands allows each new partner to plug into our eco-system for immediate and accelerated growth. .Having employed over 20,000 employees and managing over a billion dollars in revenues on an ongoing basis, coupled with his unique, out of the box, leverage based approach to all strategies provides a “learning curve” to all partnered brands that money cannot buy.The "simple" goal for each new, and all current portfolio partners, is to fine tune, scale, maximize profitability, and exit in a 3-5 year period of time. Although "legacy brands" do exist and last 10 years more they do not begin with that as a projected course.
Check out what Derik does by going to https://www.derikfay.com
Follow Derik @Derikfay
Bomb: Tribute to Josh Denny
Bomb: Getting out of your comfort zone to go to the next level
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0:00.0 | Listen up or run. |
0:04.0 | For cover. |
0:06.0 | Run! |
0:07.0 | Run! |
0:09.0 | From the people who have attitude, |
0:11.0 | the people who need to know the real problem. |
0:14.0 | Bradley is dropping. |
0:17.0 | So, |
0:20.0 | what it is, Bradley back again with another episode of Drop and Bomb |
0:27.0 | today in the studio, folks, as always, I got a real treat for you. |
0:31.0 | Serial Entrepreneur Venture Capitalist Derek Fay. |
0:35.0 | Brad, thanks for having me. |
0:36.0 | What's cracking? |
0:38.0 | Visit my friend here in Vegas, hooked up with Josh, my friend here, having a good time. |
0:43.0 | Now, you've been Serial Entrepreneur for about 20 years, yeah? |
0:47.0 | Yes, since 2002, anyway. |
0:50.0 | You could argue, you could argue, probably back to more like 13 years old, |
0:54.0 | before I really started making money about 2002. |
0:56.0 | But what were you doing before that? |
0:59.0 | So, I called myself Intermediary Venture Capitalist, which clearly is not a thing. |
1:05.0 | But as a young boy, even, I say young boy, but maybe 16, 17 years old, |
1:10.0 | coming from humble beginnings to say the very least, |
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