A CAPITAL COACH’S PERSPECTIVE – PART 3
Karl Dakin
I help you overcome challenges to raising capital. Take advantage of my Motivated Money Method to identify those investor candidates that are most likely to invest. Top expert in fundraising.
CONTENTS
?·?????? Quick Calendar
·?????? RCI Community Funds
·?????? Funding Point
·?????? SuperCrowd Chicago
·?????? Top Fundraising Voice
. Quotation
·?????? Successful Funding
·?????? Don Cohen
·?????? Business Opportunities
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QUICK CALENDAR
?June 18 – Successful Funding – Ron Yeager – Evaluating Investment Opportunities - 8 a.m. MDT - LinkedIn Live
June 19 - Don Cohen Show - 9 a.m. MDT - Linkedin Live
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RCI COMMUNITY FUNDS
In collaboration with a number of other experts, we are forming RCI Community Funds to provide funding to local communities that are facing economic distress. Through an adaptation of the Diversified Community Investment Fund model of the National Coalition for Community Capital, we plan to start and raise capital into a series of community funds for selected communities. We seek to revitalize, catalyze, and impact communities to achieve sufficient economic activity so that these communities can rebuild. We are seeking a financial partner to fund our initial project. For more info, please contact me: [email protected]
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?FUNDING POINT – ?A CAPITAL COACH’S PERSPECTIVE – PART 3
?When I receive an investment opportunity pitch, there is often an expectation that I will give the opportunity priority, invest time to review the pitch without compensation, and immediately make a top-flight introduction based on my reputation to the perfect investor candidate without verifying anything.
?I have to ask myself if the person making this request is ‘ignorant’ or ‘entitled.’
?By ignorant, I simply mean that the person has no significant understanding of the capital market or huge blind spots in how the world works. In particular, there is no understanding of why and when investors invest, leading them to commit their own time and money toward a capital campaign that will probably fail.
?It will be necessary for me to determine if the person making the pitch is acting without knowing what they are doing. This requires extra time in the form of a series of emails, phone, or video calls. When busy, I will not commit the time to find out. When not busy, I may arrange a brief communication. However, the prospect of bringing an entrepreneur up to speed is challenging. Worse yet, if the entrepreneur has already invested time and money in the development of their pitch, whether by themselves or with the aid of consultants, they may have become so entrenched in their capital strategy that it may take more time and money to get them on the right track.
?By entitled, I simply mean that the person believes that they are the center of the universe and that everyone should feel privileged to assist them, setting aside any consideration of cost or reputation. They believe that anyone with money should give them money on the terms they have pitched regardless of risk, term of investment, or level of risk.
?It will be necessary for me to determine if the person making the pitch has a sense of entitlement. This also requires extra time in the form of a series of emails and phone or video calls. When busy, I will not commit the time to find out. When not busy, I may arrange a brief communication. I will not work with a person who believes they are entitled. They represent a high risk of failure. Their constant placement of themselves ahead of everyone else will result in a series of conflicts that may escalate into a number of undesirable situations and relationships.
?I have tried in the past to look past people that believe they are entitled. I may have thought they earned the right, they are a celebrity, an elected official or other person who deserved special consideration. Even if true, it did not make them the right person to develop strategy, to lead a team or perform critical tasks. Worse yet, an entitled person will never accept responsibility for failure and will throw you under the bus in a heartbeat to avoid responsibility.
?It is easy to get caught up in the glamour of a rising star. It is necessary to look past the brilliance and ask the hard questions of who is doing the work?
?There may be a sense that you are also entitled – even if it is to no more than a level of fairness. The older I get, the more I have to fight the sense of "It's my turn," or "Good times should outweigh bad times," or other thoughts of a cosmic balance.
The problem in working with people with a sense of entitlement is that their perception is not shared by everyone else. This creates imbalances in relationships, which will commonly lead to a breakup.
?The relationships within a team are critically important. A failure by any member of the team to do their assigned work may lead to failure. When an entrepreneur pitches for funding without consideration of the person receiving the pitch they should be prepared to go pitch to someone else.
SUPERCROWD CHICAGO
WEDNESDAY, I presented at SuperCrowd Chicago with over 20 speakers on the topic of investment crowdfunding, impact investment, community support, capital markets, and small business with past, live, and future investment crowdfunding projects and campaigns.
My presentation was on the topic of ‘Crafting Crowdfunding Offers to Customer’ where I shared my work and thoughts on framing an investment crowdfunding campaign to match with the needs and capability of a customer of a small business.
The event was live-streamed. You can see the entire recording of the event on YouTube at:
TOP FUNDRAISING VOICE
LinkedIn recognized my work over the last six months in publishing this Instant Funding newsletter, the production of my Successful Funding show live streamed on LinkedIn, and through answering questions on funding topics with the issuance of a badge to me for “Top Fundraising Voice.”
领英推荐
QUOTATION
"The power of accurate observation is commonly called cynicism by those who do not have it."
SUCCESSFUL FUNDING
TUESDAY, JUNE 11, my guest on the Successful Funding show was Eric Hanson. We discussed Viable Investment Opportunities.
You can see a recording of this show at:
You can see all of my shows at the time of broadcast or recordings of past shows at my profile on LinkedIn.
DON COHEN SHOW
MONDAY, JUNE 10, I was a guest on Don Cohen’s show with Todd Dewett. We discussed leadership which focused on balancing one’s business and personal life.
You can see a recording at:
I enjoy being a guest, engaging in conversations with other guests, and building communities with Don, using LinkedIn as a communication channel. Every show is its own adventure as we start with a word of the day and then see where the conversation goes from there.
Don is an expert on LinkedIn, particularly on the use of Live streaming to build brands and communities. We will discuss using LinkedIn as a social media platform for building communities that support raising funding.
All shows where I have been a guest can be viewed on Don Cohen's LinkedIn page under Posts.
OPPORTUNITIES
With avian flu in the news and a growing number of cases of diseases and pathogens transmitted by air, I am advocating the use of cold plasma as a safe and effective way to continuously disinfect the air and surfaces within any kind of building.
I can provide Pathogen Focus disinfection equipment and conduct a small-scale clinical demonstration on-site in the field. Anyone interested in learning more and discussing a demonstration, please contact:
Karl Dakin at [email protected]
SUBSCRIBE
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Karl Dakin, the Capital Coach
Dakin Capital LLC