Should You Bootstrap Or Take VC Funding?

By Brett Fox | July 2, 2017

If ever there is a question where the answer is “It depends”, this is the question. I’ve known entrepreneurs that have bootstrapped that have made a fortune, and I’ve known entrepreneurs that raised VC money that made a fortune. I don’t really think the question is whether bootstrapping or VC funding yields you the most…

What Is It Really Like To Be An Entrepreneur?

By Brett Fox | June 28, 2017

I remember talking to my Dad years ago when he was running his company. My Dad used to talk about being “knocked around.” I would say to my Dad, “It doesn’t sound like much fun. Why would you want to do this?” [Do you want to grow your business? Maybe I can help. Click here.]…

How Do You Protect Yourself From VCs Stealing Your Ideas?

By Brett Fox | June 26, 2017

How Do You Protect Yourself From VCs Stealing Your Ideas? By Brett Fox “We can stop right there,” the VC said to my cofounder “John”. John, to my surprise, had just asked the VC to sign an NDA. “I’m not signing an NDA,” the VC continued. It was the first sign of paranoia from John…

Do All Driven Entrepreneurs Become Successful?

By Brett Fox | June 26, 2017

Do All Driven Entrepreneurs Become Successful? By Brett Fox Let me tell you a story about “John”. John is someone I’ve known for years. About ten years ago, John decided he was going to take all the knowledge he’d learned as an engineer and start a company. John was considered one of the best technical…

How Do You Stop Employees From Going To Competitors?

By Brett Fox | June 18, 2017

How Do You Stop Employees From Going To Competitors? By Brett Fox I was recently asked the question, “What should I do to keep an employee that has quit from leaving.” I was happy to answer the question because I have a perfect batting average as CEO of keeping employees from quitting. That’s right. 0.00%.…

Can You Succeed When You Don’t Get Along With Your Cofounders?

By Brett Fox | June 18, 2017

Can You Succeed When You Don’t Get Along With Your Cofounders? By Brett Fox There were these four founders that got together to start their business. Peter, John, Roger and Keith were their names. The products they produced were some of the best in their industry. The customers they had loved their products. And they…

Can You Avoid These Five Growth Traps? Your Company’s Future Depends On It.

By Brett Fox | June 14, 2017

Your business is growing nicely. Revenue keeps going up month after month, quarter after quarter. Soon, you’re going to need to new office space because of the all the people you think you need to hire. But, you’re worried deep down inside. [Do you want to grow your business. Maybe I can help. Click here.]…

When Should You Become An Entrepreneur?

By Brett Fox | June 11, 2017

When Should You Become An Entrepreneur? By Brett Fox “I built a spreadsheet to determine the value of my stock options if I join your company,” the candidate said to me. “I adjusted the returns for risk, and I think I will make more money staying at my large (corporate) company.” I’d seen it before.…

What’s The Best Pitch Deck You’ve Ever Seen?

By Brett Fox | June 11, 2017

What’s The Best Pitch Deck You’ve Ever Seen? By Brett Fox The best pitch deck I’ve seen that’s been publicly released is LinkedIn’s.  What I love about it is maybe not so much the content, but Reid Hoffman’s commentary about what he was trying to do and what he would do different. But, you really…

How Do You Estimate How Much Money You’re Going To Spend?

By Brett Fox | June 4, 2017

How Do You Estimate How Much Money You’re Going To Spend? By Brett Fox I like using the simple formula of $200K/Head/Year to figure out how far your funding will take you. Let’s say you raise $10M, and you want the money to last two years. That means you can have around 25 employees: 25…