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Starting an investment business - Page 18

post #256 of 273
Thread Starter 
We have our first big meeting with two potential investors for the fund on Sunday. Knowing their net worth, anything between $200k and $1mil is possible from this meeting, but perhaps even more exciting is that they're interested in taking a small profit-sharing stake in the company in exchange for fundraising activity on our behalf. They're both very well-connected and have lots of investor friends/partners, so I'm pretty pumped. Wish us luck!
post #257 of 273
Quote:
Originally Posted by NameBack View Post

We have our first big meeting with two potential investors for the fund on Sunday. Knowing their net worth, anything between $200k and $1mil is possible from this meeting, but perhaps even more exciting is that they're interested in taking a small profit-sharing stake in the company in exchange for fundraising activity on our behalf. They're both very well-connected and have lots of investor friends/partners, so I'm pretty pumped. Wish us luck!

 

Good luck!  I am looking to strike out on my own someday as well.

post #258 of 273
Thread Starter 
We just raised our first $200,000! 10% to goal!
post #259 of 273
good job!!! congratulations.
post #260 of 273
Thread Starter 
Thanks!
post #261 of 273
Congrats!! Could I get a copy of the prospectus as well? I might be interested in investing a meager sum..
post #262 of 273
Quote:
Originally Posted by GreenFrog View Post

Congrats!! Could I get a copy of the prospectus as well? I might be interested in investing a meager sum..

+ 1 - You couldn't possibly lose more money in the market than I am.
post #263 of 273
Thread Starter 
Hit a new high watermark today: 19% return since inception almost 7 months ago.

Hopefully we break the 20% threshold this week, as we have an important fundraising meeting on thursday.
post #264 of 273
Thread Starter 
It's funny -- I went back through this thread and read the whole thing, and boy did I not know what the fuck I was doing/getting into when I first started this process. And I'm sure I'll be saying the same thing again six months down the road.

Still, I have to say, for anyone thinking about striking out on their own -- do it if you have the opportunity. This has been a tremendous time for learning, growth, and experience. Honestly, I was in pretty bad straits, mental-health-wise, when I first moved back to LA a year ago, and this project has largely been responsible for pulling me out of my worst moments. It's taught me that I can work hard with only internal motivation, I've learned tremendously about finance and running a business (although obviously still a total novice in an absolute sense), and I'm proud of myself and my co-founders for the dedication and follow-through we've demonstrated.

All in all, it's been a pretty life-affirming experience that has really boosted my confidence and happiness, and I think has taught me a lot (including how much I still have to learn).

And through it all, this thread has actually been a genuinely nice, supportive place, and I'm thankful for all the interest and support you guys have shown.
post #265 of 273
lol at green frog.
post #266 of 273
lulz

also, in b4 i invest in a fraud scheme and get pwned.
post #267 of 273
hey mate,

Congratulations on your start. If you're seeking small time investors, please PM me. Good luck!
post #268 of 273
Thread Starter 
Yesterday we got our foot in the door with one of the largest hedge fund seeders out there: Larch Lane Advisors. They're a 1.5bil fund of funds that focuses on emerging managers and seeding new funds -- and it looks like they may want to run us through their due diligence process. If, at the end of that 3-6 month process, they like what they see, we would receive an investment from them in the range of 75-100mil.

Pretty sure the odds are quite steep on this, but hey, I'll take any shot I can get.
post #269 of 273
Hoof

Just saw Nameback come up on "People You May Know" on LinkedIn. How did the investment meetings go?
post #270 of 273
Bamp!
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