Derik Fay. How This Serial Entrepreneur Gained Success. Episode 544 with The Real Brad Lea (TRBL)
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