Without knowing where in the world you are it's hard to name any specific institutions but here are some things I've learned over the years: 1. Don't do business banking virtually. By having a relationship with my local bank officer I was allowed to go over my line of credit limit by $5,000 for 1...
Hello. My experience showed me that it is definitely not easy to get money from a bank especially in the early stages. It really depends on what type of business you are starting. Banks would usually look for risk management in the form of assets you own in case the business doesn't progress as...
Since you mentioned you're raising a seed round, I strongly suggest not using an investment banker. At the seed stage, VCs are investing in you more than your business—putting a banker in the middle will do you a lot of disservice. IBs are typically used for Series B and beyond. I also noticed...
In halal investing you can not make profit from debt and therefore bonds and CDs (or GICs) are not allowed. I am surprised the the 85% of mutual fund has unknown holdings. It would be better to invest in a mutual fund where you know that 100% allocation if given to companies (equity) and not ...
Normally, investors want startups to either exit or go public. They're not exactly interested in making some small return before. They want to make at least 10x the amount they invested, that's why it's worth it for them, even with the risk of losing the capital (and that's what happens to a co...
I have worked in the mortgage industry for over 20 years. My experience spans origination, MSR, banks and mortgage companies. I understand the current issues with mortgage pricing, servicing, and regulatory concerns. I have a very deep research pool and can provide analysis, commentary, and opini...
Full disclosure, I used to work there but Axial provides a great platform for identifying relevant m&a advisors. With their platform, you can view a number of qualified bankers/advisors, see their prior experience and determine who would be the best fit for your business. My recommendation woul...
You must be very careful about this type of loan, as doing this wrong can have profound tax effects. This is called imputed interest penalty. So the IRS can determine a loan was paid back incorrectly + ascribe some random interest rate, then require you pay back taxes + penalties on whatever rate...
Mark is wrong. I personally know of a handful of companies in that exact same situation and most importantly that have good traction and the cap table NEVER came up once, and each of these companies have raised in excess of $1m in seed funding from great investors this year. Especially if your ...
There is nothing more harmful to a good idea than other ideas. By that I mean, the inability to decide which idea is worth pursuing over others, causes each idea to suffer when trying to distribute resources in support of more than one concept at a time. Your question presumes that the most imp...