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americium

  1. 1.
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    get the first commitment.

    the biggest factor in most investors' opinions of you is the opinion of other investors. once you start getting investors to commit, it becomes increasingly easy to get more to. but the other side of this coin is that it's often hard to get the first commitment.

    getting the first substantial offer can be half the total difficulty of fundraising. what counts as a substantial offer depends on who it's from and how much it is. money from friends and family doesn't usually count, no matter how much. but if you get $50k from a well known vc firm or angel investor, that will usually be enough to set things rolling. [15]
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