I had a clear vision for my business and I knew how to communicate it. That is what I did in the meeting with our first investor. Actually, since that moment the investor become a co-founder. He was really interested in the business. The size of the check was small, but at the time, it was like a lifesaver for the company. I wanted to grow my business and this was the capital I needed. The investor also got a reasonable return on their investment. He was happy, and so was I. He didn´t just contribute with money, he is an expert in the industry, so he is a great asset to the company and is helping to accomplish our goals.
I launched my real estate investment firm shortly after getting laid off from my W-2 in May of 2022. I had passively invested pretty heavily in the multifamily space so I decided to partner with a local operator to help bring new investors to their deals. For my initial launch, I hired a VA from Fiverr to message all of my existing LInkedIn connections that I had built over my 25 year career in sales and sales leadership. The message was something like, "I'm not sure if you are aware or not, but I recent left XYZ Company, and I've started a real estate investment firm. Select the link below if you'd like to schedule some time and hear more." Within a few short months, I had raised over $800,000, and my new business was off the ground. Since then, I've raised over $3.5MM from about 60, and my goal is to help 1000 investors make their first passive investment in the coming years.
My first investor was a family friend who had been following the progress of my startup from the beginning. I pitched him the idea, and he was impressed with the potential of my company. He agreed to invest a check of $25,000 in exchange for equity. This investment gave me the capital to get my business off the ground.
It was challenging when I was trying to get my first investor. After months of networking, researching, and countless pitches, I failed to succeed. I knew I had to think outside the box to get someone to invest in my idea, so I took a chance and emailed various high-profile investors. Much to my surprise, one of my emails was replied to! After a few back-and-forth emails and phone calls, I finally had the opportunity to present my idea in person. Although nervous, I was determined to make a good impression, and I did. At the end of the meeting, the investor agreed to provide me with a check size of $50,000. That was precisely what I needed to launch my business, and I was ecstatic. To this day, I still remember the feeling of accomplishment when I first held the check in my hand. It was a moment that I will never forget.
My first investor was a friend of my dad's. He saw me working hard on my business and believed in my mission, so he decided to invest. He gave me a check for $50,000 that allowed me to launch my business. This was a huge help and I'm very thankful for his support.