Raising Money: An Entrepreneur's Perspective
Feb 1, 2008 12:00 PM
Tips from industry entrepreneurs on starting up, branching out
Entrepreneurs in the dietary supplement, nutraceutical, personal care, and functional and traditional food industries face a myriad of challenges as they struggle to raise money for their businesses. Although companies from across the board may encounter similar hurdles, there’s rarely a one-size-fi ts-all remedy. We spoke with six industry names to get the latest on the challenges of raising money.
Starting from Seed
“One of the challenges is to make sure there
is adequate seed capital available so that the
team can focus on developing and executing
the plan in its fi rst year or two while value is
being created,” according to Danny Rubenstein,
Principal of Dash Advisors and Interim
CEO for CellGevity. “You never want to raise
money out of desperation – you lose all of your
negotiating power.”
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