Introduction

Raising capital while effectively managing your time is becoming a challenge for individuals and organizations. According to Dave Lavinsky, it takes about 500 to 1,000 work hours spread across a 6–9 month time period and entails the creation/perfection of a business plan, doing due diligence, developing targeted investor lists and negotiating the transaction. Lavinsky goes on to say that it takes about 160 pre-qualified prospective investors before a deal is likely. These timelines are considered normal costs of doing business through traditional means but there is a change in the horizon.