• Who We Are
    • Meet Christine
    • Mission, Vision, and Values
    • Work With STI For Proven Results
    • OneTribe Foundation
    • Media and Press
  • What We Do
    • Neuroscience Workshops
      • The Neuroscience Of Compelling Leadership
      • The Neuroscience of Influencing Outcomes
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • The Neuroscience Of Creating Optimal Teams
      • Beyond Your Brain
    • Culture, Leadership, And Executive Coaching
      • Leadership Coaching
      • Culture Coaching
      • Leadership Development Programs
    • Keynotes
      • Make Your Team Smarter Overnight
      • Influence Any Outcome
      • Create the Company Culture of Your Dreams
      • The Neuroscience Of Creating Optimal Teams
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • Guarantee Growth
      • Quota Busters
    • Quick Wins
      • DIY SmartTribe
      • Employee Engagement & Culture Diagnostic
      • Leadership Excellence Diagnostic
      • Sales & Marketing Intensive
      • Strategy Day
    • Case Studies
  • Resources
    • Assessments
    • Mini Course
    • Crack The Behavior Code Podcast
    • Infographics
    • Blog
    • Books
    • Videos
    • Webinars
    • Subscribe
    • Power Your Tribe
  • Contact
Great Video of Multimillionaire Christine Comaford – Let’s Talk about Financing
May 31, 2009
Sales and Marketing 101
June 1, 2009

Financing and Fundraising

June 1, 2009
Categories
  • Christine Comaford's Blog
  • financing
  • Results NOW Summit
  • Rock Your Business
Tags
  • biz accelerator
  • business model
  • business plan
  • Christine Comaford
  • financing
  • Mighty Ventures
  • networking
  • Results NOW Summit
  • Strategies for Success

For the next few days, I’m going to focus on the MONEY end of things. (Which is a topic that needs FAR more than one blog. So it will be featured in great detail at my Results Now Summit this week in San Francisco.) For new entrepreneurs – or old ones with a new idea or new company, that means fundraising. And fundraising, my friends, is sales. No matter how you look at it, Sales = Seduction. Pure and simple. Today let’s look at the logic, then the promise, involved in seduction. When we’re being seduced, we’re hoping that the payoff is going to be really good. The great news is, when financing and building a company, you have some time before you have to deliver on your promises. To start to determine your financing needs, prepare answers to the following questions:

• What types, terms, timing, and tradeoffs are acceptable? (You’ll need a capital acquisition strategy to determine this.) Perhaps angel investors are most appropriate. If so, you’ll get the money in faster if you focus on a small bridge loan that will convert to equity later. Be sure to offer warrant coverage or a premium on conversion to make investing now compelling.

• Have you prepared for your financing round? Do you have a concise and compelling pitch and list of appropriate targets?

• Do you have your legal act together? You may want a sample term sheet, shareholder or loan agreements, and a confidentiality and proprietary inventions agreement.

• Do you know the dos and don’ts of fundraising?

• Have you prepared a due diligence package? This process will be remarkably fast if you prepare in advance.

• Have you mapped out the long-term effects of dilution? How will you be reporting to your investors, lenders, and board of directors? How will you manage your board of directors?

If you can be prepared with the answers to these questions before you begin your financing journey, your process will go much faster – and be much more likely to succeed.  To shoot the breeze with two amazing angel investors – The Harvard Angels and The Golden Gate Angels, come to my Results Now Summit in San Francisco. You’ll also get a million-dollar education in business acceleration from me personally, and there will huge networking opportunities and amazing strategies for success to help you launch your business into the stratosphere!

To your continued success!

Christine Comaford, Business Accelerator
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author

http://www.ResultsNowSummit.com

Share
Christine Comaford
Christine Comaford

Related posts

January 8, 2023

Your Brain On Silence


Read more
December 7, 2022

The Neuroscience Behind Mental Exhaustion—And How to Prevent It


Read more
November 2, 2022

Quiet Firing: Is It Happening To You?


Read more
Learn how to lead your team through change, create emotional resilience, and ensure growth. Join our Emotional Resilience mini-course

415.320.6580
775 E. Blithedale Avenue, Suite 210,
Mill Valley, CA 94941
© 2020 SmartTribes Institute. All Rights Reserved. Privacy Policy