Rick Brimacomb is the Founder of the Venture Capital Firm, Brimacomb Capital. He looks for entrepreneurs who have generated strong end-user demand by investing their own resources, hard work, and heart into their product! In this week's episode, Rick shares what makes an investment firm want to invest and bet on you and your company.
Key Takeaways:
[1:35] What does it take to make your company 'invest-able'?
[2:50] Rick shares a little bit about his journey and how he got into venture capital.
[4:00] Not only is Rick an investor, but he is also a business coach and wants to help entrepreneurs succeed. He shares what his coaching style is like.
[8:15] What kind of companies does Rick like to work with?
[10:00] When Rick is about to analyze a business for growth potential, what does he look for?
[12:15] Rick has worked with a lot of first-time CEOs in the past, which means they need a little more hands-on coaching about the rules of business despite their extensive industry and technical knowledge.
[15:30] Rich shares the types of things he thinks about when looking at a new business. It's not just about analyzing growth opportunities in the market, it's also about seeing if the business is in the best position for success to get to that market.
[17:55] Everyone has gaps, especially early stage companies. Their team might not be fully fledged out yet. It's Rick's job to understand what those gaps are and fill those in quickly.
[21:15] What does it look like to work with Rick?
[27:15] Rick shares the sweet spot of where a company needs to be to maximize growth potential.
[33:00] Rick shares his exit strategy and how he helps manage a graceful exit out of some of these companies.
[38:10] Don't get stuck in the status quo. Take risks, calculated risks, to achieve greatness.
[42:15] What is a scorecard and how can it help you?
[45:15] Best piece of advice to make the most impact in your business? Build a scorecard right away.
Mentioned in This Episode:
Email Todd: Todd@Dynastylc.com