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4 Tips To Raising Seed Stage Capital For Your Startup

On the way to work this morning, I had a call with a fellow entrepreneur (we’ll call John for the purposes of this post) that is getting his tech startup off the ground. I’ve been very impressed with the vision of his company and his approach to validating the idea in the market. During a lunch meeting he had yesterday, a wealthy friend of his liked his company so much that he offered to invest $100k to help him finish product development and get the idea into market. While John was excited about the offer, he was filled with nervousness because he didn’t know how to respond. He wasn’t sure if his friend was his first choice for a new investment partner, but didn’t want to dismiss the offer either.

Funny enough, as I got to my desk and opened my email, I also found the following email from another friend of mine:

‘I’ve been building _______ for a couple years now, and am ready to raise a seed round. I’m a rookie at fundraising, so if you’re willing, would love the chance to get any advice and guidance you can provide.’

I figured that if 2 of my friends were asking the question, it’s probably relevant to other entrepreneurs out there, so… here we go.

Brock Blake

Full Story: http://www.forbes.com/sites/brockblake/2013/11/18/4-tips-raising-seed-capital-for-startup/

Smartups: Lessons from Rob Ryan’s Entepreneur America Boot Camp for Start-Ups http://www.amazon.com/Smartups-Lessons-Entrepreneur-America-Start-Ups/dp/0801488311

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