INTRODUCTIONS
Karl Dakin
Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
FUNDRAISER FOR CANCER LEAGUE OF COLORADO
I am raising funding for the Cancer League of Colorado. Information on this charity fundraising campaign is presented in the Instant Funding editions on August 30th and 31st and September 1st and 2nd.
On September 20th or 21st, I will rappel 200 feet from the bridge at McGregor Square in Denver, Colorado to call attention to the great work of the Cancer League of Colorado and my fundraising campaign.
16 days and counting till September 20th. My goal is $6,000. With my donation and others, I am currently at $1,150 two days into my fundraising campaign.
You may donate directly to my Over the Edge campaign through the Cancer League of Colorado at: https://www.denverovertheedge.com/teams/dakin-capital/
You may also donate through the GoFundMe platform at https://gofund.me/028df78d.
Everyone who donates a minimum of $50 will receive a subscription to Dakin’s Edge: Charity Fundraising Kit. This online set of tools provides information, plans, and promotional materials to help an individual conduct a fundraising campaign to support their favorite charity.
?QUICK CALENDAR
?TOMORROW, September 5, Community Revitalization show, 8 am, MDT, LinkedIn Live
?TUESDAY, September 10, Successful Funding, 8 am, MDT, LinkedIn Live
?FUNDING HAPPENINGS??????????
Funding can come from many sources
Jasmine Rashid is publishing her new book – the Financial Activist Playbook – available to everyone on September 10th. You can get a free copy of the Financial Activist Discussion Guide at?https://www.jasminerashid.com/. Financial activists are people who combine their money with their voices to make a change and thereby represent a new funding source. Check them out and see if they match your investment opportunity.
Funding is needed by low-income communities
Connecting Communities is presenting Economic Insights from Lower-Income Communities: Findings from the 2024 Community Perspectives Survey tomorrow from 3 to 4 pm EST. You may register for free to attend HERE.
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FUNDING POINT – INTRODUCTIONS
?I made an introduction this morning. To be more accurate, I asked one party to the introduction to grant permission to make an introduction. I am waiting to see if permission is granted. If they say no, I will need to decide whether to recommend the introduction or simply walk away.
In raising funding, my three keys to success are (1) knowing the investor candidate, (2) the candidate has resources currently available to invest, and (3) the candidate is more motivated to invest in your opportunity than any of their other choices.
I know lots of people. I know lots of people, although a somewhat smaller number, with money. Of this group, I am unable to match most of them with any particular investment opportunity. If you are following the math, it is highly unlikely that I know the right investor candidate to match with a specific investment opportunity. As a result, when I need to raise funding for one of my clients or projects, I need to seek introductions.
The person who may make an introduction functions as an intermediary (often called a ‘gatekeeper’). They already have a relationship with each of the parties who may be introduced. It may be expected that the intermediary does not want to downgrade either relationship. As a result, the intermediary may decline to make an introduction because they anticipate that it may reflect on them badly.
I am commonly asked to make an introduction because too many people assume that because I am in the business of funding and that I know many people with resources I will automatically make the introduction. When I received this request, there mostly is little concern about how my making an introduction may reflect badly on me. Worse yet, these requests fail to understand that because of my work and status in funding, making a bad introduction would negatively affect my reputation.
As an example, I knew a guy who functioned as a ‘finder’ (unlicensed seller of securities) who commonly would tout dozens of investment opportunities. The person would make all kinds of positive statements about the potential of these investments as though he were a stock analyst for a major securities brokerage. When asked for information, he would repeat the features of the opportunity like a parrot and hand out whatever promotional materials the business had produced. These materials demonstrated a lack of understanding of how to raise capital. They often showed that the business was not ready to receive capital – not prepared. Sometimes they showed a level of desperation where the business not only needed money yesterday but last month or last quarter. It was clear that this guy was shilling deals with no concern for the quality of the opportunity or the accuracy of their information. I would not recommend an introduction from this person.
There is a skill to making a good introduction. However, like any action, preparation improves the outcome. Instead of doing a ‘drive-by’ introduction, some effort should be expended to determine if the introduction is likely to be positively viewed by each party. As shared earlier, I asked for permission. I had already determined that there was potential, but I wanted to verify it before taking up the time to arrange an email, phone call, or video conference.
I talk regularly with those people with money who are looking for investment opportunities. I will share any new deals or any old deals that have changed status to see if there is any interest or if the deal has matured to the point where they may now meet the investor’s criteria.
I also talk regularly with other people who provide advice or function as scouts for individual investors and investor groups. We discuss the merits of different deals with their pluses and minuses. Occasionally, but not regularly, an investment opportunity is identified as a possible match with one or more investor candidates.
A business seeking an introduction should take into consideration all of the discussion here. Any business that seeks an introduction with a clear demonstration of entitlement is likely to be immediately declined.
I regularly get requests for introductions where the person making the request does not understand how raising funding works. I will provide an explanation (coaching) to explain the reality of the investment of my time and my reputation and the statistical probability that I do not know anyone who matches their needs. Those who learn may yet get an introduction. Those that don’t get to waste someone else’s time.
Entrepreneurs should continuously establish new relationships with people who may make introductions. When an introduction is needed, the etiquette of the ask will get them further.
?SUCCESSFUL FUNDING
?YESTERDAY, Steve Shaff with RCI Community Funds was my guest on the Successful Funding show. We discussed how to frame an investment opportunity for a variety of different funding sources when raising funding for communities.
You may see a recording of the show at:
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?NEXT TUESDAY, Kon Apostolopoulos with Fresh Biz Solutions. Kon is an expert in leadership?and has a newly published book on the topic. We will talk about leadership in raising funding.
?You may register to attend the show at:
?We have been experiencing some issues with people getting into the audience during the show.
?Here is the current workaround:
·?????? Go to my profile - https://www.dhirubhai.net/in/karldakin/
·?????? Scroll down to Activities
·?????? Click on Events
·?????? Find the Event for the current Show
·?????? Click on that Event
Alternatively, you may watch the Show on YouTube at:
?You may view recordings of all past Successful Funding shows at my LinkedIn profile under Events:
?RCI COMMUNITY FUNDS
As a member of this new company, I am working with a team of professionals to craft a new funding mechanism for revitalizing underserved communities.
TOMORROW, @RCI Community Funds will present the Community Revitalization show. Our featured guest will be Andrea Miller. Andrea Miller is the Founding Board Member of the Center for Common Ground, Executive Director of People Demanding Action, and Founding President of the National Women’s Political Caucus of Virginia. Andrea is an IT and Political Director and a digital and elections strategist.
You may register to attend the show at:
?We have been experiencing some issues with people getting into the audience during the show.
?Here is the current workaround:
·?????? Go to my profile - https://www.dhirubhai.net/in/karldakin/
·?????? Scroll down to Activities
·?????? Click on Events
·?????? Find the Event for the current Show
·?????? Click on that Event
?Alternatively, you may watch the show on YouTube at:
?LAST THURSDAY, RCI Community Funds, Benefit LLC presented the Community Revitalization show. Our featured guest was Devin Thorpe of Super Crowd. An accomplished businessperson and entrepreneur, Devin founded Super Crowd to advocate for impact investing in small businesses using Reg CF investment crowdfunding. We talked about the positive impact of investing in small businesses that helps rebuild disinvested communities.
You may see a recording at:
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DON COHEN SHOW
THIS MORNING, I was a guest on Don Cohen’s show with co-guest Dave Snell. We talked about ‘motivation’ – one of my favorite topics. The conversation covered how motivation moves us forward, both personally and as a group, and how motivation guides our choices in decision-making.
You may see a recording of this show at:
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Don is my mentor and guru on using LinkedIn as a social media platform to build my brand and build my community of individuals and organizations who work like me to help small businesses and communities raise funding.
??SUBSCRIBE
You may subscribe to this Weekly edition of my Instant Funding Newsletter, or you may subscribe to my Daily edition.
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Karl Dakin, the Capital Coach
Dakin Capital LLC
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Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
6 个月Do you need an introduction?