Rick (last name excluded for confidentiality reasons), RPN, 2010
I have known Karen Rands from general business networking for many years before I decided to officially engage her firm, Launchfn. Years ago, in my first true entrepreneurial endeavor, all sorts of people were saying "raise $5M not just $500K...it's easier" and were telling me to have minimum investments of $100,000. I had a lot of interest, but noone writing checks. I decided to call Karen and ask her what she thought. As a courtesy because I was a business friend, and not a client yet, she asked me if any of these people I was listening to were bringing $100,000 check writers to the table. And of course they weren't. Then she went on to explain the psychology behind attracting angel investor capital and how angel investors measure risk vs reward. Following her advice from that one phone call, I closed on over $200,000 in just 3 weeks from those "interested" investors I had been courting for 6 months. When that business morphed into my current business, I knew I didn't want to waste time and wanted to do it right from the start. I engaged Karen to be my strategic advisor on capital strategy. Her advice and guidance led me to $250,000 in investment capital and a strategic business model that has grown rapidly to multiple cities as a result. I'm looking forward to her becoming a registered Broker Dealer so she can take charge and raise my next round of capital.