Entrepreneur | Part 3 - Raising Venture Capital: The 14 Points You Need To Know
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 11 April 2024
⏱️ 52 minutes
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Summary
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Transcript
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| 0:00.0 | Get ready to enter the Drive Time Show. from the bottom now we hit. We started from the bottom now we're |
| 0:14.0 | we started from the bottom now we're on the top top |
| 0:17.3 | new the systems to get what we got clean Dixon's on the hooks |
| 0:20.9 | I break down the books sees bringing some wisdom and the good looks. |
| 0:24.0 | As the father of five, that's where I'm a dive, |
| 0:27.0 | so if you see my wiping kids, please tell them hi. |
| 0:30.0 | It's a C and C up on your radio, |
| 0:32.0 | and now three, two, two one here we go I'm opening a restaurant. Yep. |
| 0:43.0 | And I'm looking for a problem. |
| 0:45.0 | Can a problem be as little as, hey, nobody's replicating this enough, |
| 0:50.0 | so I want to capitalize on the fact that a couple people are doing this well |
| 0:54.1 | but nobody is duplicating this and making it a replicatable process and I think we can do that |
| 0:58.8 | does that count as a problem or how significant okay no because there's a lot of problems that shouldn't be solved. |
| 1:05.4 | Okay. |
| 1:06.4 | Like Maurice Canbar, the guy who launched SkyVodka, he said that he came up with a process to make a certain kind of food |
| 1:15.4 | organically and he realized that after he could do it that you couldn't make enough |
| 1:19.6 | profit to make it worth it. So as an example like if I'm a venture capitalist and I want to |
| 1:27.3 | and I need to invest in things that can make a massive profit like a ridiculous |
| 1:31.5 | profit. |
| 1:32.8 | So if it's something that's a problem that's not worth solving, |
| 1:37.4 | I still don't care if it hasn't been replicated yet. |
| 1:40.2 | So I guess an example would be most venture capitalists are don't invest in restaurants. |
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