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For an entrepreneurial start-up, landing that first check from an investor is a milestone.
What many start-ups don't realize is that the seed capital they raise – often from friends and family – is just the first step in a fundraising journey that can drag on for months or even years.
My client, John White, is more than two years into the process of
securing $14 million in funding for his company, Joy Berry Enterprises
Inc., which plans to republish the works of popular children's author
Joy Berry across multiple media platforms. In June 2008, he and partner
John Bellaud won their first $600,000 from angels to jumpstart the
company—and expected smooth sailing from that point on.
To read the full, original article click on this link: The Art (and Journey) of Raising Funds - WSJ.com
Author: ROSALIND RESNICK
