Saturday Oct 12, 2024

Raising $1,000,000: Lessons from My First Fund

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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Raising $1,000,000: Lessons from My First Fund

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