Avoiding the Top 4 Fundraising Mistakes- With Gavin Christensen, Kickstart Seed Fund

Primary Mistakes in Fund Raising

1

Raising Too Little

Raising the wrong type of capital

Raising Too Much Forgetting that Investors become Partners

Inadequate Legal Counsel

Raising Too Much

2

CONSTRAINTS SPARK CREATIVITY

IMPACT ON VALUATIONis real

YOU WILL SPEND WHAT YOU RAISE –inefficient use of capital

Raising Too Little

3

HINTS OF DESPERATIONFuture investors will sense it

REALISTIC FORECAST?Suggests you may not be qualified to run this company

FAILING TO ACHIEVE PROMISED MILESTONES inhibits next raise

Raising the Wrong Type of Capital

4

GROWTH, DEVELOPMENT, vs WORKING CAPITAL

CAN BE EXPENSIVE

Inadequate Legal Counsel

5

PRESENTING DUE DILIGENCE CLEANLYRemoving the hair

SIGNALING TO INVESTORSshowing inability to separate frugality from good sense

UNDERSTANDING TERMSDeal terms can be complex

Forgetting that Investors become Partners

6

MONEY IN THE BANKInvestor has done their part, yours remains

Open & Honest PARTNER Dialogue

OBSESSING OVER VALUTATIONIf the partner is right, you’ll make up for it

For a copy of the presentation, send an email toinfo@advancedcfo.com w/ “Webinar – Top Fundraising Mistakes” in the subject line

Thank you for attending today

Presenter:JB HenriksenPartner, Advanced CFO