Fundraising

What's the best way to find someone to raise money?

Joe Bonavita

May 9th, 2021

I don't know a lot of people with funds that can be invested so it's been difficult for me to raise money. I've raised a total of $55,000. I'm looking to raise an additional $100k


I'd be willing to give them 3% of the total raise after it closes, plus some equity. I'm not looking to add debit to the company though.

Paul Garcia marketing exec & business advisor

June 5th, 2021

You need to be careful about the offer you make to fundraising helpers because there are specific legal limits to what you can do. And these fundraisers-for-hire are looked at with a somewhat stinky eye by investors because they must disclose that not all the funds are going to go to the investment. 90% of startups will never receive a dime of outside funds. That you have raised 1/3 of your desired amount is pretty good. What would you change about your business strategy if you knew that you would never receive another dollar? How would you change the launch so it was self-funding in some smaller way, until you had generated enough income to support the full launch you planned. When you can demonstrate that you don't NEED the money, but would do better with it, more people are likely to invest. It shows you have reduced the risk significantly and that is a characteristic investors look for.