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Talking to a lot of my entrepreneur friends I came to a conclusion: no matter how much you want, raising money is gonna take a lot more time than you initially expect.
When we first raised money, last year, we expected to have the money in the bank in the first 3 months. It took about 6, actually and, looking back and better understanding the entire process I can say that we were quite lucky.
Can you do anything to fasten things up? Yeah, up to a point: you can have all the financial and legal documents of the company place and this makes everything go faster. Other than that, though, it really isn’t up to you. Sometimes, not even up to the investors, but to the lawyers. So breathe deep and have patience :)
I know that most of the people say the same thing and that most of the people actually looking for investment think it’s a lot of BS. Well, it’s not.
Photo source: businessman hand pointing to investment concept on Shutterstock