Funding / Finance

Comment

Comment by Jaclyn Cannon on June 3, 2009 at 3:50pm

I agree, however, it is rough out there. We have cut back on production and are not taking salaries for close to 10 months...but now we need cash to finish the "build-it" part. We have raised 600k to date but need another $1M to get going...Atlanta is turning up dead ends but i am making great head way with women angel groups in NYC...would love to stay in our community but it's not looking good. Any ideas?

Comment by Evelyn Ashley on June 3, 2009 at 3:43pm

The fundamentals of raising capital in your business (ie, the hard nosed objective stuff): a good business plan that identifies the size of the market for your product, the unique competitive advantage of your company & product, the skills of your management (who is the jockey and what races have they won already), how will the raised capital be used (building the product, expanding sales....) and what is the expected return on investment. A founder also needs to be emotionally prepared for the process of the capital raise, including the loss of control, get the basics of securities laws and regulations (yes, even in an early stage company) and strategically protect their ownership in the company PRIOR to the raise....