Building a Business Worth Investing In — and a Life Worth Living

In this conversation, Jason Burke interviews Mike Fata, an accomplished entrepreneur and investor, discussing his journey from being a 300-pound teenager to a successful business leader. They explore the importance of health and wellness in entrepreneurship, the investor's perspective on business growth, and the intricacies of valuation and pitch decks. Mike shares valuable insights on how to navigate the fundraising process, emphasizing the need for clarity in revenue reporting and the significance of building relationships with investors before seeking capital. The discussion highlights the importance of a healthy lifestyle for entrepreneurs and the need for a structured approach to fundraising.

Takeaways

• Mike Fata's journey began with a personal health transformation.
• Building a business takes time; it's a marathon, not a sprint.
• Health and wellness are crucial for sustained entrepreneurial success.
• Investors prefer entrepreneurs who are in it for the long haul.
• Valuation is complex and depends on various market factors.
• Pitch decks should be simple and to the point.
• Networking with investors before needing capital is essential.
• Understanding net revenue is critical for entrepreneurs.
• Investing in products you believe in can lead to better outcomes.
• A structured fundraising process can alleviate distractions from running a business.