Raising $1,000,000: Lessons from My First Fund
Description
Welcome to a new episode of Get Creative! In this episode, we dive into the journey of raising your first million dollars for a fund. You'll hear about the crucial lessons on building investor relationships, the importance of credibility, and the compound effect of hard work. Learn how leveraging a fund of funds strategy and reinvesting into relationships with investors can lead to long-term success. Our guest shares personal stories about raising money, mentoring others, and the unique approaches that set them apart in the world of private capital.
Highlights:
"That $100,000 isn't just money, it's someone's life you're risking."
"Do the things nobody else is willing to do, and success will follow."
"Veena gave me the opportunity to raise a million dollars by giving back to her investors."
"You don't just build a fund, you build relationships and credibility over time."
Timestamps:
0:00 – Raising the First Fund of Funds
1:26 – Teaching Molly to Raise Money
3:00 – Investing in Relationships
3:56 – Educating Investors Through Masterclasses
5:41 – Building Credibility and Track Record
6:00 – The Compound Effect of Hard Work
6:34 – The Importance of Relationships
7:02 – Building a Personal Banker
7:31 – The Role of Credibility and Momentum
8:26 – The Long-Term Vision
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