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Asking for More

Thursday, February 16th, 2012 – running time 07:28

Successful entrepreneur and CEO, Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay discusses how to consider the amount of money you need for a project versus how much money to ask for from investors.

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$ Needs vs $ Requests

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04:57
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Jay's Chalkboard Notes:
- Investors are investing in you and your biz, not the finer details of your balance sheet
- Investors don't pay for operations per se, they pay to own a % of the biz
- It's not unethical to ask for a bit more $ than you need

$ Needs vs $ Requests

- Figure out exactly what you want your deliverable to be
- What does it have to look like and how polished?
- In early stage, contracts for work should be well defined

04:57

Play

Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

Previous: Starting Small Companies

Next: Do Titles Matter in Mergers and Acquisitions?

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