Quote from @Tara Montgomery:
Do any of you know where an investor can find a capital raiser or any similar title for a development project with a PPM in the beginning stages? Basically, someone who already has the relationships with accredited investors and can assist in the raising of funds? Or alternatively any of the following that would have a similar outcome.
- Investment advisor
- Registered investment advisors
- Emerging fund manager
- Placement Agent
- Family office
- Money raiser
- Broker dealer
- Fund manager
Legally you cannot hire someone specifically for capital raising unless they are licensed through FINRA. There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.
If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
You could get a broker dealer but expect to pay 5-10% in commissions for every dollar raised. Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k).
Have you raised money prior? What is your prior experience? When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.
