#062 How To Raise Money 101 - Part 4 - Choosing & Closing

This is the final part of our 101 Guide to raising money and today's episode is how to Choose and Close the investor and investment! Choosing and Closing Focus your choice on what an investor can do for you and your business - now and in the future: Remember why you want an investor, what you want them to bring and what you want them to do/not do. Don't forget an investor now may not be the investor in the future. Hire the right legal advisor and get all legal documents in order: Find someone experienced in what you are doing. Don't ask a divorce lawyer to prepare commercial agreements just because you know them! Set-up a repository for all your due diligence materials: You will need to share lots of info with lots of people. Make life easier by setting up a Dropbox or similar repository for all the info. It's all in one place, you share the same info to all parties and it will save you time. Understand what you are agreeing to!!: Make sure that you fully understand what the agreement is, the penalties and remedies for non-performance so you don't get any nasty surprises. So there we have it, the HTRM 101 Guide. We hope you have got some value and insights that help you on your raising money journey. If you have enjoyed the podcast then leave a review, share it with your friends and tune in next time!  Thanks as ever for listening - Ray & Nigel