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Thrivetime Show | Business School without the BS

What Is the Best Practice for Raising Capital for a Developer?

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 27 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Want to attend the legendary Thrive Time Show Business Workshop for free?

0:09.5

Subscribe on iTunes, leave an objective review, and send us confirmation at infoatthrivetimeshow.com

0:16.3

to claim your tickets.

0:17.9

Want to live in a van down by the river?

0:19.7

Come by and see us at our river walk offices, and we'll be able to make your dreams come true.

0:30.0

Alright Thrive Nation, welcome back to the Thrive Time Show on your radio and podcast download.

0:39.1

And we're answering the question that was emailed to us from a Thriveur who writes,

0:43.5

what is the best practice for raising capital for a developer?

0:47.5

And this was sent to us from a Thriveur in the Dallas, Texas area.

0:51.7

So I'm going to go through the steps for raising capital for a developer,

0:58.7

but there's a lot of them.

1:00.0

So I need you to be prepared to take a lot of notes and please understand that all of this will be on today's show notes,

1:05.7

which is available at ThriveTimeShow.com if you click on the podcast button.

1:09.7

Step one, you got to prepare for the rude interview.

1:12.7

So if you're going to ask somebody to invest in you, be prepared for them to ask you what is your credit score?

1:18.7

What's your net worth?

1:20.7

Let me look at your personal certified financial statement.

1:24.7

And what is your collateral?

1:28.7

And if you're not prepared to answer those questions, then you really shouldn't do anything else.

1:36.7

Marshall, you see this all the time.

1:38.7

Yeah.

1:39.7

People that want to start a business.

...

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