TSP008 | Scott McGregor – Rocket Ride to Funding
Posted by John Livesay in podcast0 comments
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Episode Summary
Scott McGregor is a consultant for tech startups based in Silicon Valley. Scott shares an amazing story about Rick Giarrusso raising ten billion dollars to build a rocket and how entrepreneurs can mimic his strategy to get the funding they need for their own business. He also talks on being committed to your business 100% and why you shouldn’t worry about your idea getting stolen.
Key Takeaways
- 02:40 – Scott’s grandfather told him that he has a duty to make the world better.
- 06:40 – Scott shares an amazing story on how Rick Giarrusso of Rotary Rocket was able to raise ten billion dollars.
- 18:45 – KickStarter is an excellent way where you can reach potential customers.
- 25:30 – Until you make a lot of money, no one is interested in stealing your idea.
- 28:30 – Scott talks about why The Goal is a great book for entrepreneurs.
Tweetables
[Tweet “If you’re trying to raise a billion dollars, that’s too much for Silicon Valley VCs.”]
[Tweet “Go to your customers first and you get them to agree to pay you before you build it”]
[Tweet “You’re the value, not the idea.”]
Links Mentioned
The Goal by Eliyahu Goldratt and Jeff Cox.
Selling the Wheel by Jeff Cox.
Scott McGregor
Swift Design Group
Point Green
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