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Eric Stauffers

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

So there's no real great blueprint.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

That's my excuse.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

But I've raised capital both for this business and my previous real estate career, but it's been in small chunks of like 5 million, 10 million, 15 million.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Both.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

So for this company, I seeded it, Angel Seed, and then Series A, we're on a Series B right now.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

That's about my level of expertise.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

But when we really need to get out to scale, we're going to have to get a lot more money.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

And I'm noticing and starting developing these relationships that it's a much different conversation when you start asking for $100 million versus $5 for $10.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Yeah.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Um, so I guess my question gets down to, um, what are, what would be a good suggestion knowing that I don't want to leave the company and get kicked out yet?

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Uh, 65%.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

I have some, yeah.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Team members also.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Okay.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Key players.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Yeah.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Chief medical officers, stuff like that.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

Yeah, a little bit of that because really we have a lot of technology that hasn't, it's been proven in our clinic and it's ready to basically scale if I could get the money for the manufacturing to build the extra laboratories.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

And so I don't want the valuation to be squeezed so much that it squeezes me right out of a power position.

The Game with Alex Hormozi
Sell One Level Up to Scale Faster | Ep 1000

So yeah, that's kind of the issue.