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Home › Blog › Tips from Giles McNamee for raising money

Tips from Giles McNamee for raising money

At lunch I sat next to Giles McNamee, co-founder of McNamee Lawrence & Co, an investment banking firm based in Boston, London and San Francisco. 

His tips included:

#1: Only work with people you like and trust. NEVER do a deal with people you don’t like or don’t trust. 

#2: When you doing a VC-round, be prepared to give up 20–40% of the company. Given that, maximize the money you get. It’s always better to get $10 mio for 30% of your company than $1 mio.

#3: Hire a good lawyer for the paper work. Make sure the lawyer has done this before.

#4: There are at least 10 parameters to consider. The amount of money is only one parameter. Make sure you also think about all the other parameters. Be prepared for a complex negotiation.

#5: Angel/friends/fools money is a lot easier to raise than VC-money. If you need money quickly, do an angel round.

#6: Do your due diligence on your investors. Call the CEOs of their portfolio companies, call other references, find out how they work.

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Tags: Events, Giles McNamee, Red Herring, Venture Capital
Category: Wealth



March 26, 2007May 19, 2020 by Remo Uherek

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