As a startup, finding capital often involves going to family and friends and convincing them to invest in your business. While many of us started this way, what happens when you do not have wealthy family and friends who are willing to invest?
Well, at my company, we put together syndications to acquire our investments. A syndication is nothing more than a group of individuals with aligned interests trying to accomplish something. Movies are syndications, real estate is purchased with syndications and entrepreneurs can raise capital for their ideas through syndication.
Most entrepreneurs are familiar with venture capitalists, who typically join the company as majority owners or at a minimum have a fair amount of control. In this article, I’m going to discuss a way to raise funds without necessarily giving up huge chunks of equity in your business.
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