Build Your Support Network Before Fundraising
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Fundraising can be challenging both mentally and emotionally.
Before launching your fundraiser, build your support network.
In addition to building your investment documents, put in place people who can support you.
Here's a list of support to consider:
Advisors -- identify two to three people who can advise about fundraising.
This is an informal position of those who have raised funding and can give guidance.
Team -- set up your team to help you with the logistics and mechanics of fundraising.
This includes email marketing, document preparation, and diligence work.
Connectors -- those who have broad networks and are good at making connections.
This includes investors who know other investors in the community.
Legal -- this includes startup-friendly attorneys who can advise on terms sheets and other legal aspects of the fundraise.
Emotional -- this includes people with whom you are comfortable.
They tell you what you need to hear rather than what you may want to hear.
Consider building this support network before launching your fundraiser.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let's go startup something today.
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