- Joined
- Jun 29, 2013
- Messages
- 74
Rep Bank
$490
$490
User Power: 165%
I'm managing the development of software with my business partner. We were seeking seed funding and did find an investor through a middleman. However, the middleman is related to the investor and basically only told him that we have an idea (which we are grateful for anyway). We ended up doing the presentation ourselves though. We feel it would have been different if the middleman had gone out and procured the funding on his own with little help for us and would help obtain funding in the future. That is not the case though and the middleman would not be doing any future work. The seed funding is not even a done deal, yet the middleman is requesting a 10% finder's fee which we feel is too high in this early stage for something as simple as a handshake. Regardless, we are grateful for this and it has put us in the position to potentially receive funding and open some doors for us.
No money has been dealt and no contracts with the investor have been signed. The investor could still back out if he wishes. If this situation seems too complicated we can always search for funding again elsewhere.
What options should we look at dealing with this middleman? Are there any good resources out there that explain how to deal with these situations?
No money has been dealt and no contracts with the investor have been signed. The investor could still back out if he wishes. If this situation seems too complicated we can always search for funding again elsewhere.
What options should we look at dealing with this middleman? Are there any good resources out there that explain how to deal with these situations?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
