2016 marks the start of a new era in venture financing and capital formation and if you are an entrepreneur searching the galaxy for capital, well, to borrow a Star Wars saying - May the Force be With You.
We all know the old adage, "The love of money is the root of all evil." I joke. Of, course. I don't believe we need to be "evil" to build wealth. However, I do believe we need to be focused on wealth creation to create wealth.
In part, the JOBS Act permits entrepreneurs to raise up to $1 million in any 12-month period with much less stringent requirements. Moreover, non-accredited investors will be permitted to invest up to $2,000 each.
Raising capital can be a challenging process, especially in an economic environment marked by so much uncertainty and risk. But entrepreneurs often make the process harder on themselves by committing several common mistakes. Here are five pitfalls to avoid.
I've been helping entrepreneurs raise capital as a corporate lawyer for 17+ years, and there are certain fundamental mistakes that I've seen entrepreneurs repeatedly make. Accordingly, I thought it would be helpful to share three basic tips for entrepreneurs in connection with raising capital.