Hello and welcome to the Jake and Gino podcast. My name is Gino Barbara, one of the co-founders of Jake and Gino.

And on this podcast, it's all about Raisin Capital. Today we have on the show, Darren Mangum, he's widely known as America's premier securities lawyer

with over 25 years at managing partner at Mangum and Associates.

Darren has guided entrepreneurs, syndicators, and investment firms through the complex world of raising capital.

He's also the author, I'm going to hold it up for

everybody, a raising capital with confidence, a practical guide to navigating securities law and funding

strategies. Welcome to the show, Darren. Hey, Jake, thanks for having me. I'm excited.

Listen, my first question right off the bat, who should not be raising capital? Who should not be raising capital? Obviously,

if you have, if you've got access to your own bank financing or if you have your own capital

that you're willing to put at risk, you should not try to complicate things by, you know,

bringing into other people's money.

When you're raising capital, you're bringing other people's money in that not only triggers the securities laws, but it also raises a level of complexity in your life, right?

Not only legally, but just as a practical matter, right?

So if you've got enough money, your own investment funds, you can maybe acquire that property

or you can, you know, acquire that company with your own capital. That's obviously the easiest

way to go. Or if you can get a loan, I mean, a bank is willing to loan you the money. That's just

the easiest way to go. The problem is most people, you know, they get turned down by banks or they don't,

they want to do this big thing, but they don't have enough money. Or maybe they have money,

but they don't want to like bet the farm and put all their retirement into that deal because,

you know, they want to spread the risk a little bit. And, you know, that's really what, what, you know, okay, that's what other investors are for. And there's a way to do that. And, but yeah, that's, I mean, certainly if you're, I would also say if you're, if you're not like, if you're not a good communicator with, you're not willing to keep your investors up to speed. I mean, that's in our law

practice. That's where most of the problems really lie is in just the basic, hey, we got bad

news. The project's taking too long. It's costing more money than we thought. Those are difficult

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