© 2009 FunMe Ltd
BETA
Who does what?
With the exception of the legal documentation, if you have substantial fundraising experience you could conceivably try to do everything yourself to save a little money on advisory fees. It can be a high risk approach, can consume substantial amounts of management time, and isn’t recommended unless you have done so successfully before.
If you do not have experience at fundraising, you risk either wasting your time or ending up with a deal which doesn’t work for you. This happens to the smartest of entrepreneurs, because successful fundraising requires a certain amount of experience. This may come in the form of a member of your team or one of your Board members who has raised funds before, or in the form of a corporate finance adviser such as an investment bank or accounting firm. In either case, be sure to do your own due diligence on the people or organisations who are going to help you, as asking the wrong person to help is worse than no help at all. No matter who helps you with fundraising, you need to be on top of the fundraising process from start to finish. While this may distract you from running your business, getting fundraising wrong can destroy your company.
With the exception of the legal documentation, if you have substantial fundraising experience you could conceivably try to do everything yourself to save a little money on advisory fees. It can be a high risk approach, can consume substantial amounts of management time, and isn’t recommended unless you have done so successfully before.
If you do not have experience at fundraising, you risk either wasting your time or ending up with a deal which doesn’t work for you. This happens to the smartest of entrepreneurs, because successful fundraising requires a certain amount of experience. This may come in the form of a member of your team or one of your Board members who has raised funds before, or in the form of a corporate finance adviser such as an investment bank or accounting firm. In either case, be sure to do your own due diligence on the people or organisations who are going to help you, as asking the wrong person to help is worse than no help at all. No matter who helps you with fundraising, you need to be on top of the fundraising process from start to finish. While this may distract you from running your business, getting fundraising wrong can destroy your company.
Sell Me
Selling your company
Selling your company
Tell Me
War stories
War stories
Help Me
Useful tools
Useful tools
Fund Me
Raising funds
Raising funds
