The Insider's Guide To Finance

In today’s episode, you’ll hear from Rick Rule, now the former President and CEO of Sprott US Holdings. Rick is outspoken to say the least, but still seems to consider every word carefully. His entrance into the finance industry is a story worth listening to twice, and the people he learned from can be credited with leading the frontiers of the Canadian venture capital industry.

In the first part of this interview, Rick says, “I look forward to being useful.” This seems like a bit of a dismissive remark at first but, as you’ll hear, Rick’s career has been built on doing exactly that: being useful and creating value for his clients. There is almost a purity to his approach and how it ties into his libertarian beliefs. When it comes to business building and financing companies, Rick doesn’t mince his words. He is very clear on the expectations he has for those who come and pitch to him for money and, furthermore, he articulates his expectations in a way that is in line with the other highly successful people you’ve heard from on this podcast.

To draw an analogy, his expectations are major league but, when most people pitch for money, they do it with a minor league understanding of their project and its potential. Rick speaks about capital raising in the early stages of a company and makes the point that, in your early rounds, you should be raising allies and not money. In other words, put that stock in the hands of investors who are capable of being there for the long haul and not just going to turn you out for a quick and easy double.

There is so much to learn from this interview, so make sure to tune in today!

Show Notes

In today’s episode, you’ll hear from Rick Rule, now the former President and CEO of Sprott US Holdings. Rick is outspoken to say the least, but still seems to consider every word carefully. His entrance into the finance industry is a story worth listening to twice, and the people he learned from can be credited with leading the frontiers of the Canadian venture capital industry. 

In the first part of this interview, Rick says, “I look forward to being useful.” This seems like a bit of a dismissive remark at first but, as you’ll hear, Rick’s career has been built on doing exactly that: being useful and creating value for his clients. There is almost a purity to his approach and how it ties into his libertarian beliefs. When it comes to business building and financing companies, Rick doesn’t mince his words. He is very clear on the expectations he has for those who come and pitch to him for money and, furthermore, he articulates his expectations in a way that is in line with the other highly successful people you’ve heard from on this podcast. 

To draw an analogy, his expectations are major league but, when most people pitch for money, they do it with a minor league understanding of their project and its potential. Rick speaks about capital raising in the early stages of a company and makes the point that, in your early rounds, you should be raising allies and not money. In other words, put that stock in the hands of investors who are capable of being there for the long haul and not just going to turn you out for a quick and easy double. 

There is so much to learn from this interview, so make sure to tune in today!

Check out some of our most popular episodes:
Chicken S#!it CEOs w. Mogens Smed: https://bit.ly/3M7c4xC
Leadership Lessons from Louis Vuitton, Samsonite, and Now, EVCP Growth Equity: https://bit.ly/3LN5Gug
Canada’s Best Venture Partner w. Bruce Croxon: https://bit.ly/3ppCAt9


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What is The Insider's Guide To Finance?

The Insider’s Guide To Finance brings you stories from the front lines of financing public and private companies.

We host seasoned CEO's, fund managers, bankers, brokers and business experts who answer your questions about how to properly finance opportunities and build outstanding success stories.

We dig into the educational ‘how to’s' and mechanics of structuring good deals. You’ll also hear about strokes of luck, tense negotiations, the pressures of closing, as well as how to best engage investors and navigate the private and public markets.