Comments on: Five Common Mistakes Entrepreneurs Make In Raising Capital http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/?utm_source=rss&utm_medium=rss&utm_campaign=five-common-mistakes-entrepreneurs-make-in-raising-capital Wed, 04 Jan 2012 14:24:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-488 Scott Edward Walker Wed, 10 Nov 2010 17:42:00 +0000 http://walkercorporatelaw.com/?p=194#comment-488 Re: Mistake #3 - Typically executive officers and authorized agents (i.e., registered broker-dealers) will act on behalf of issuers in the context of offering and selling securities. Accordingly, it is their respective personal relationships which are at issue. A "mere employee" must be analyzed on a case-by-case basis -- e.g., he may be acting as a broker-dealer if he is being compensated directly for raising funds. Re: Mistake #4 - Yes, I think I addressed that issue above. Thanks Re: Mistake #3 – Typically executive officers and authorized agents (i.e., registered broker-dealers) will act on behalf of issuers in the context of offering and selling securities. Accordingly, it is their respective personal relationships which are at issue. A “mere employee” must be analyzed on a case-by-case basis — e.g., he may be acting as a broker-dealer if he is being compensated directly for raising funds.

Re: Mistake #4 – Yes, I think I addressed that issue above.

Thanks

]]> By: Casey Smithhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-487 Casey Smith Wed, 10 Nov 2010 14:42:00 +0000 http://walkercorporatelaw.com/?p=194#comment-487 Re: Mistake #3 With whom or what does there need to be an existing business relationship? In other words, does a personal relationship with a given founder extend as a relationship with the entity itself? Can a mere employee of an entity (not a founder) reach out to his/her own network of business relationships for the purposes of raising funds for the entity? Re: Mistake #4 Can the entrepreneur/founder, among other employees of the entity, raise funds on its behalf so long as they are not compensated specifically for the act of raising funds? Re: Mistake #3
With whom or what does there need to be an existing business relationship? In other words, does a personal relationship with a given founder extend as a relationship with the entity itself? Can a mere employee of an entity (not a founder) reach out to his/her own network of business relationships for the purposes of raising funds for the entity?

Re: Mistake #4
Can the entrepreneur/founder, among other employees of the entity, raise funds on its behalf so long as they are not compensated specifically for the act of raising funds?

]]> By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-346 Scott Edward Walker Sat, 05 Jun 2010 10:59:18 +0000 http://walkercorporatelaw.com/?p=194#comment-346 Paul - this is a great question. The answer is that you need a "warm introduction" to an investor or group of investors in the restaurant space. Indeed, you need to find someone with whom you have a relationship (preferably a successful restauranteur) to recommend you and your idea/plan in order to get a 10-15 minute meeting/coffee. Cold-calling or cold emails generally do not work. If you don't know anyone who can do that for you, you need to go to conferences, trade shows, events, etc. and start building those relationships. In short, you have to hustle (which is the topic of my blog post later today). Good luck - and I hope that helps. Cheers, Scott Paul – this is a great question. The answer is that you need a “warm introduction” to an investor or group of investors in the restaurant space. Indeed, you need to find someone with whom you have a relationship (preferably a successful restauranteur) to recommend you and your idea/plan in order to get a 10-15 minute meeting/coffee. Cold-calling or cold emails generally do not work. If you don't know anyone who can do that for you, you need to go to conferences, trade shows, events, etc. and start building those relationships. In short, you have to hustle (which is the topic of my blog post later today). Good luck – and I hope that helps. Cheers, Scott

]]> By: Paulhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-345 Paul Fri, 04 Jun 2010 18:53:07 +0000 http://walkercorporatelaw.com/?p=194#comment-345 I am a seasoned restaurateur in Fairfield County, CT with several great restaurants and bars under my belt. At this stage of my life (56 Years Young) I feel I have earned my stripes and am anxious to open my swan song Prime Steakhouse. I know I've got all that it takes to create a great, multi-unit concept and have a pretty good business plan to back it up. There are definitely a lot of flaws in my proforma which was designed for a specific location which could easily be tweaked by a professional. My biggest problem is I don't have the finesse or connections to reach out to investors. What should I do and how can I get my plan in front of someone without breaking the law and having someone steal my idea. I am a seasoned restaurateur in Fairfield County, CT with several great restaurants and bars under my belt. At this stage of my life (56 Years Young) I feel I have earned my stripes and am anxious to open my swan song Prime Steakhouse. I know I've got all that it takes to create a great, multi-unit concept and have a pretty good business plan to back it up. There are definitely a lot of flaws in my proforma which was designed for a specific location which could easily be tweaked by a professional. My biggest problem is I don't have the finesse or connections to reach out to investors. What should I do and how can I get my plan in front of someone without breaking the law and having someone steal my idea.

]]> By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-70 Scott Edward Walker Sun, 07 Feb 2010 08:10:22 +0000 http://walkercorporatelaw.com/?p=194#comment-70 Yes, it's possible, but you need to make sure you comply with applicable securities laws. Yes, it's possible, but you need to make sure you comply with applicable securities laws.

]]> By: Terry Davidsonhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-69 Terry Davidson Sun, 07 Feb 2010 07:30:24 +0000 http://walkercorporatelaw.com/?p=194#comment-69 Is it posible to raise Capital for a business you would like to start? Is it posible to raise Capital for a business you would like to start?

]]> By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-49 Scott Edward Walker Sun, 07 Feb 2010 01:10:22 +0000 http://walkercorporatelaw.com/?p=194#comment-49 Yes, it's possible, but you need to make sure you comply with applicable securities laws. Yes, it's possible, but you need to make sure you comply with applicable securities laws.

]]> By: Terry Davidsonhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-48 Terry Davidson Sun, 07 Feb 2010 00:30:24 +0000 http://walkercorporatelaw.com/?p=194#comment-48 Is it posible to raise Capital for a business you would like to start? Is it posible to raise Capital for a business you would like to start?

]]> By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-20 Scott Edward Walker Wed, 02 Dec 2009 01:12:15 +0000 http://walkercorporatelaw.com/?p=194#comment-20 Thanks Patrick Thanks Patrick

]]> By: Patrick Shimhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-19 Patrick Shim Wed, 02 Dec 2009 01:08:21 +0000 http://walkercorporatelaw.com/?p=194#comment-19 Scott, this is a really great article. I see entrepreneurs make these mistakes all the time. - Patrick S. Scott, this is a really great article. I see entrepreneurs make these mistakes all the time. – Patrick S.

]]> By: Scott Edward Walkerhttp://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-12 Scott Edward Walker Sun, 01 Nov 2009 18:16:41 +0000 http://walkercorporatelaw.com/?p=194#comment-12 Thanks Michael - that is correct. Indeed, the use of unlicensed finders is a significant problem, particularly here in California (and is getting increased scrutiny by the SEC). Thanks Michael – that is correct. Indeed, the use of unlicensed finders is a significant problem, particularly here in California (and is getting increased scrutiny by the SEC).

]]> By: Michael N. Brette,J.D.http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-11 Michael N. Brette,J.D. Sun, 01 Nov 2009 17:45:45 +0000 http://walkercorporatelaw.com/?p=194#comment-11 There are rules to raising capital and the rules must be followed. The fact that someone was successful in raising capital in violation of state and federal security laws by using an unlicensed money finder does not make it legal. It mean they just did not get caught. Why do you think they have security laws? Good advise. Keep it coming. There are rules to raising capital and the rules must be followed. The fact that someone was successful in raising capital in violation of state and federal security laws by using an unlicensed money finder does not make it legal. It mean they just did not get caught. Why do you think they have security laws? Good advise. Keep it coming.

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