Investment Info:
Retail private money loan investment.
Cash invested: $5,000
Invested in Start-up Company "Rogues Apparel." We are still in business, but I currently just work on the Website and Marketing. We are looking for influencers & other promo agents to wear our shirts on social media, video-streaming, and other platforms.
What made you interested in investing in this type of deal?
After speaking with the owner "Chad" for several days, I felt like investing and working with him was worth it. We made strategic plans, and despite the normal business challenges, we met our goals.
How did you find this deal and how did you negotiate it?
I met Chad, we talked and hung out for several weeks, and we determined that we would work well together. Negotiations were private, but fair.
How did you finance this deal?
I used my personal money to help fund this venture.
How did you add value to the deal?
I brought the money and Marketing expertise.
What was the outcome?
Business is still running, and building up. I am still lightly involved day-to-day, with the option to come back "full-time" whenever I choose.
Lessons learned? Challenges?
I learned that it IS a challenge to work with a friend/buddy, but that it is still worth it. I learned that contracts are ESSENTIAL when going into business, even if it is a small biz.
Now, I'm taking all that I learned in this business, and applying it to my own (MLSmagics.com)
