Resources for fundraising (for beginners)?
September 05, 2023
by a searcher from Liberty University in Austin, TX, USA
Hi all, I'm a new self-funded searcher in Austin, TX (link to more context below). A month in, it's becoming clear that companies matching my personal criteria will require some outside investment. Businesses in my original price range ($1-2m) don't have the level of stability I'm looking for.
I'd love any guidance or resources the community here could provide on fundraising. I'm an experienced founder, but I bootstrapped my company and didn't go to a top-tier MBA program, so I don't have the experience or network needed to jump right in.
I understand that finding solid deals is a prerequisite for getting investors, but I'd like to have a more clear understanding of what fundraising looks like. Where do you find investors? What sort of deal structures are common? Etc.
For a bit more context on my search so far, I've been building in public here: www.im-buying-a-business.com. Any advice — even outside of fundraising — would be much appreciated!
from Western Washington University in Key West, FL 33040, USA
from Southwestern University in Houston, TX, USA
If you have experience in the industry that you're acquiring in, it'll make it an easier purchase. If not, it might make sense for your first aqcuisition to be in that industry and then pivot to the industry you want.
Your first business is the hardest to purchase.