Welcome to The Alchemy of Business, the show that explores the secrets behind successful entrepreneurship. In this episode, we sit down with the legendary Fred Cary, the founder of the highly successful venture capital firm, Idea Fund Partners.
Fred is a true maverick in the world of entrepreneurship, having coined the phrase “F*ck Average, Be Legendary” to inspire entrepreneurs to push beyond their limits and reach for greatness. We also delve into the reasons why business ideas fail, and Fred shares his insights on what entrepreneurs can do to avoid common pitfalls. As a seasoned investor, Fred offers valuable advice on learning as you go along as an entrepreneur and how to get the attention of investors.
Whether you’re a seasoned entrepreneur or just starting out, this episode of The Alchemy of Business is sure to inspire you to think big, dream big, and go after your dreams with passion and determination. So, join us as we explore the magic of entrepreneurship with the one and only Fred Cary.
Timestamps
0:00 Intro
2:28 “F*ck Average, Be Legendary!” Where did that come from?
4:55 Decided to work for myself instead of “working for the man.”
6:50 Entrepreneurship is really hard, but I’m all in all the time.
10:10 Why Business Ideas Fail.
14:02 Looking for Perfection is Looking for Death.
16:42 Just do what’s needed and learn along the way.
19:19 IdeaPros was created to level the playing field for entrepreneurs.
25:58 Purpose Driven Business Leaders – Core values & North Star being unified with the business.
27:14 Incorporate your purpose into your work early.
29:32 How to Get Investors’ Attention.
33:18 IdeaPros – What you can easily get for free or cheap won’t always get you to succeed.
37:25 Pitching anything & getting investors to buy into your idea.
45:00 IdeaPros Case Study – The MOVE App.
47:50 What is spirituality? How do you incorporate that into your life and biz?
49:40 I get up early, focusing on ME and the most important things in life.
52:40 You can’t have it all in a year.
Links
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About the Guest
Fred is a true maverick in the world of entrepreneurship, having coined the phrase “F*ck Average, Be Legendary” to inspire entrepreneurs to push beyond their limits and reach for greatness. In our conversation, Fred shares his journey of deciding to work for himself instead of “working for the man,” and how he used his passion for innovation and risk-taking to build his business empire.