Fund raising - part 1
David John William Bailey, FCA IFT
Helping founders and investors through crises and turnarounds into growth businesses with successful exits with actionable financial strategy and trustworthy insights.
This thread is going to tell you the cold hard truth about getting external cash in your company
Pitched at first time or early stage start-up founders, this thread will walk you through the process of raising external finance into your company. It assumes that you have a UK listed company with ordinary shares. If you don’t, some of this may not be applicable to you.
It won’t be a super technical thread and should not be a substitute for legal or accountancy advice. If you want that, find somebody excellent and pay them for it. If there are good links to definitive sources, I will try to put them in here for you.
It also assumes that you have a business which is already selling something to somebody or is within six months of doing so. My general experience is that a first-time founder with a “good idea” is going to struggle for a long time get external funding in the United Kingdom – if they get funding at all. The good news is, there will be some checklist below that will help you work out what you need to do, and in what order, to be funded.