What is the best way to find a partner with some funds?

QUESTION:

What is the best way to find a partner with some funds? Or advisors who can invest?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

It’s hard enough to find the right business partner, let alone the right business partner, who also qualifies as an angel investor.

Remember, getting the “right” partner is the most important thing. If the partner you choose isn’t the right fit, it can doom your business. So choose your partner carefully, and don’t expect this partner to come with a huge bank account. That’s just unrealistic.

I’d recommend separating your search: look for the right partner for your business, while also looking for the right investors. This will make it simpler. If you get really lucky and land an investor who would make an excellent business partner, then jump on it. But don’t hold your breath.

The same goes for advisors. Look for talented advisors regardless of whether they can invest in your company. Find the very best advisors you can, and don’t mix them up with investors. If an advisor turns out to be an investor, that’s just icing on the cake.

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