The Secret to Multiple Successful Exits: Lessons from Derik Fay | Digital Social Hour #8
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Welcome to the latest episode of the Digital Social Hour podcast! Today, I am excited to introduce our guest, Derik Fay, founder of 3F Management. Derik has built and sold almost 30 companies in various industries and considers himself a non-traditional venture capitalist. In this episode, Derik shares his expertise on providing a solid foundation, scaling well, and accelerating the trajectory of the founder or CEO and the operational team before demonstrating impressive exits. Derik has sold all companies at more than their value by following a presentation process and adding meaningful additional multiples to the exit. For someone looking to experience their first exit, Derik advises them not to go alone and identify the buyers who will pay the most. Negotiation tactics are essential for Derik, and he learned his skills at a young age in tough situations where everything was a negotiation. In this episode, you will learn how Derik sees things out of the box and creates opportunities that most people do not see. You will also hear about Derik's journey to success, including how he pivoted to social media and became more visible after negotiating a successful deal for a FinTech company. Despite feeling stupid at first, Derik continued with social media and received meaningful messages from people. Additionally, you will learn how Derik bridges the success gap for young entrepreneurs and helps them succeed. In this episode, Derik also shares his insights on topics such as networking, manifestation, and the importance of working happily. Derik Fay is looking for talented people that can work with AI to build a meaningful team to utilize it. Join us to listen to this exciting episode and gain valuable insights on business, negotiation tactics, and more. Don't miss out on this fantastic guest interview. --- Support this podcast: https://podcasters.spotify.com/pod/show/digitalsocialhour/support) Learn more about your ad choices. Visit megaphone.fm/adchoices)