In this episode of Scrushy on Business, Dave Greene and former HealthSouth CEO Richard Scrushy break down the real world of venture capital, sky-high AI valuations, and the practical steps every entrepreneur must take to start and grow a business the right way.
From OpenAI's $300B valuation and SpaceX as the world's most valuable private company, to Databricks' bold claim it can become a $1 trillion AI company, Richard explains how investors actually think about valuation, dilution, and return on investment—and what that means for your startup.
Then the conversation pivots from Wall Street to Main Street, as Richard lays out the traits of a true entrepreneur and his 9 key steps for starting a business: from researching your idea and naming your company to building your brand, website, and marketing plan. He also shares how to structure your company, attract investors, and avoid common mistakes that kill deals before they start.
You'll also hear:
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Why some biotech and AI companies raise millions without being profitable
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How investors look at pre-money vs. post-money valuation
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What anti-dilution clauses are and why they can cripple a company
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Real-world stories from Richard's $1.7 billion acquisition experience
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How to negotiate with owners who are emotionally attached to their business
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Richard's daily habits and routines (including his 7-day-a-week workout) that keep him sharp as a leader
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How entrepreneurs can find their purpose even when they're just trying to survive and pay the bills
This episode is brought to you by:
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