Fundraising strategist Cecil Robles shares estimated qualification success rates for companies filing Regulation A equity crowdfunding offerings with the SEC.
Opinion
Robles: People who separate emotions from business partnerships are mostly narcissists
“I've met very few people that can separate that out. You know, I do believe that there are some, and most of them are narcissists.”
Insight
Robles: Building a worthwhile company almost always requires raising capital
“Because, you know, in the life cycle of a company, you know, if you're doing anything worthwhile, you're going to need to raise money unless you're just one out of a million that bootstraps it and hits, you know, the big time from the start, that's very few an…”
Insight
Robles: Making money is easy, but managing money is difficult
“I don't think making money is that difficult. I think it's actually an easy thing to do. But what I do think is difficult is managing that money and then having a plan for what that money is going to do. And that's a very difficult thing for most people to han…”
Insight
Robles: Venture capital forces founders to surrender excessive equity and control
“When you fundraise through venture capital there's generally a lot of caveats tied to you getting that money. And as a founder, you can give up a significant amount of control of your company. You generally have to give away board seats. You will likely have t…”
Insight
Robles: Most company problems stem from internal personnel rather than external forces
“When you're looking at, you know, in your own company problems, a lot of problems arise from, you know, people in the company. It's not like external forces most of the time. It's mainly the people that you're interacting with on a daily basis”
Insight
Robles: Reg A eases fundraising but brings high costs and reporting
“Well, we'll say it's less of a headache from the standpoint of raising the dollars. It's not necessarily less of a headache from the standpoint of what you have to do to get there, the cost factor, as well as the reporting factor, the reporting requirements af…”