Photo: Brad Harrison, the visionary behind Scout Ventures, empowering bold innovators to push the boundaries of technology and redefine global impact.
Shaping Start-Ups With Purpose
Brad Harrison discusses his entrepreneurial journey, disciplined investment strategies, support for founders, and offers invaluable advice for aspiring entrepreneurs, focusing on innovation, grit, leadership, and meaningful contributions to the world.
Brad Harrison stands as a shining example of entrepreneurial excellence and determined innovation. A leader whose journey has spanned military service, technological advancement, and venture capital, Brad embodies the spirit of purposeful disruption. With a remarkable career that began as an honour graduate at West Point and a Captain in the United States Army, his disciplined approach and unyielding drive are evident in every facet of his work. Transitioning from the Army to the business world, Brad has masterfully blended his strategic acumen with a passion for innovation, earning distinction both as a business executive and as a creator of transformative concepts.
As the Managing Partner of Scout Ventures, Brad has spearheaded initiatives that build partnerships between visionary entrepreneurs and cutting-edge technology. Under his stewardship, Scout Ventures has nurtured ground-breaking companies like Unite US—its star investment—alongside others, such as PortfolioWatch and Assurely. His team’s connection to military service academy graduates and intelligence community members creates an unparalleled foundation for sound decision-making and impactful investment strategies. With a particular emphasis on leveraging non-dilutive capital and fostering founder growth through strategic guidance and active involvement, Brad has transformed Scout Ventures into a dynamic force in early-stage innovation.
Brad Harrison is a beacon of entrepreneurial excellence, merging leadership, innovation, and purpose to empower start-ups that drive progress globally.
Beyond his entrepreneurial achievements, Brad’s intellectual curiosity and ingenuity shine through in his co-authorship of patents in fields spanning geo-tagging, search, and personalisation. His deep understanding of government innovation, paired with an empathetic approach to founder support, demonstrates how his leadership is rooted in both rigour and humanity. A graduate of MIT Sloan School of Management, Brad’s commitment to advancing new technology is matched only by his desire to empower others to succeed.
This interview offers insight into Brad Harrison’s unique perspective on investing, company building, and the qualities that make a venture truly compelling. Whether it’s advising aspiring entrepreneurs or identifying transformative start-ups, Brad’s expertise and leadership serve as an indispensable guide for anyone who aspires to turn bold ideas into lasting impact. It’s a privilege to showcase his thoughts and wisdom here in Entrepreneur Prime—a celebration of the visionary spirit that drives innovation forward.
What were the most significant influences or experiences in your childhood that sparked your interest in business, and how did they shape your entrepreneurial mindset?
My entrepreneurial spirit started young, thanks to my dad, who always ran his own business. In high school, I took the plunge and launched my first venture, gaining diverse experience by managing the local Little League umpires, running a painting company, and offering landscaping services.
How does the background of your team, consisting mostly of military service academy graduates and intelligence community members, influence your investment decisions and support for portfolio companies?
Our team is focused on adhering to a strict process to proactively find deals that align with our long-term investment thesis. Our knowledge of how the government innovates and our connections within the intelligence community, national labs, and the broader Department of Defense (DoD) help us make sound decisions on what technologies to support.
Scout Ventures has successfully leveraged non-dilutive capital through defense and national lab networks. How do you identify and secure these opportunities for your portfolio companies?
We work with various groups within the DoD, as well as strategic advisors and consultants who specialize in helping early-stage companies identify, apply for, and retain non-dilutive funding.
Your firm emphasizes frequent communication and guidance for founders. Can you elaborate on the types of support and resources Scout Ventures provides to early-stage companies to help them navigate challenges?
We have a process for helping our teams leverage our experience, network, and Venture Partners & Operating Partners. We also help with reporting, team construction, product development, and all the big decisions that can help propel companies forward. Our hands-on team emphasizes the 4 “Rs”—raising capital, revenue growth, recruiting key talent, and retaining capital, revenue, and talent. Our team communicates frequently with founders to help guide them through difficult decisions and sit on the boards of most of our portfolio companies.
What specific qualities or elements do you look for in a pitch when choosing start-ups to invest in? How do you determine which ideas have the potential for success and are worthy of investment?
We are looking for entrepreneurs and companies doing cool, innovative things with purpose. We prefer to invest in seasoned entrepreneurs and teams introduced to us via a trusted advisor or friend. We look at several parameters, and we want to feel a connection with the entrepreneur. We are looking for entrepreneurs who are driven and have grit. We believe in leadership, an environment based on mutual respect. Combine that with an incredible idea to make the world a better place, and it’s a great place to start.
What key advice would you offer to aspiring entrepreneurs looking to secure venture capital and succeed in their early stages of development?
There are a few things. First, determine how much money you need for cash flow-break even. Second, start fundraising at least six months before you run out of cash. Third, use your networks to reach out to existing investors, advisors, and mentors. Fourth, be smart with the capital you already have. Sending out monthly or bi-monthly investor updates is a great way to share progress and build relationships with potential investors.
