The Unyielding Journey of Michael Fox: Navigating the Closure of Shoes of Prey

Founders Fortitude

Michael Fox_FF_01-YouTube

This show is part of the Day One Podcast Network dedicated to founders, operators and investors. Learn about new and upcoming shows by subscribing to the newsletter.

A founder’s journey is full of ups and downs. It’s pretty normal. Learn how others founders get through the tough times. Sign up to our newsletter to get the next episode straight to your inbox.

In this gripping episode of Founders Fortitude, Michael Fox opens up about one of the most challenging periods in his entrepreneurial journey—the closure of his startup, Shoes of Prey. Despite raising 25 million U.S. dollars and employing 200 people, the business ultimately couldn’t achieve the product-market fit needed for sustainable growth. Michael delves into the emotional toll of laying off employees and not being able to return investors’ money, while also sharing the invaluable support he received from his co-founders, team, and investors.

– The struggle of closing down Shoes of Prey after raising 25 million U.S. dollars.

– The importance of having a supportive team and co-founders during tough times.

– How investors like Blackbird Ventures and Mike Cannon-Brookes showed empathy and concern.

– The power of resilience and the lessons learned from failure.

Tune into Founders Fortitude to hear stories from founders like you, their challenges, and how they persevered.

Tune into Founders Fortitude to gain insights, find encouragement, and realise you’re not alone.

For your weekly dose of founder courage: Follow Day One on LinkedIn and sign up for the Day One newsletter.

About Founders Fortitude

Founders Fortitude is a LinkedIn video series by Day One that unveils the challenging and triumphant moments of a founder’s journey, offering encouragement and insights to bridge the often lonely path to success. Don’t miss out on the inspiring stories that await; tune into Founders Fortitude and follow Day One on LinkedIn to keep at it and realise you’re not alone.

About Day One

Day One is a podcast network for the everyday startup folks in Australia. It’s about real stories from founders, investors, and operators who’ve been there and done that. No fluff, just the gritty details of what it’s like to start and run a business. Want to hear from people who get it? Follow Day One on LinkedIn and catch the latest episodes. 🚀

Sponsor the show

Want to become a sponsor? Send us an email.

Follow on social