In June of 2010, something really extraordinary happened in the world of Philanthropy. Bill Gates and Warren Buffet began recruiting for what is known as “The Giving Pledge.” As many of you know, the giving pledge is a promise made by the wealthiest individuals in the world, mostly billionaires, to give away the majority of […]
Fund
How Much Capital Should You Raise?
When you are going out to fundraise, you need to decide how much capital to raise. A typical answer we hear, looks something like this…
Investors Do Not Fund Research and Development
I still get business plans, looking for an investor, that say all too clearly the primary “use of funds” will be to do research and development (R&D) on some promising new technology, like superconductivity or cancer cures. Entrepreneurs forget that investors are looking for commercial products to make money, rather than R&D sunk costs, so […]