Founders Should Have a Nationwide View of Their Fundraise

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Founders raising funding should start with family and friends.

It's not the amount of funding raised that counts, but rather the fact that one's family and friends support the founder.

From there, the founder draws the circle wider to the investors in the local community.

This includes the local angel network and any funds in the area.

Again, it's not the dollar amount that counts; it's the proof that those in your community will support you.

Founders should then draw the circle wider to include other cities nearby.

Finally, the founder should reach out across the country to find investors.

While local funding most likely won't take you all the way, it's important to raise from them as it generates proof of fundability.

Founders should have a nationwide view on their fundraise from the get-go.

It's important to start locally to prove support to investors outside your region.

As you draw the circle wider, investors will increasingly look to proof points that other investors are in the deal.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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