Business
"The mindset by which you need to raise capital is incredibly important."Our guest, Jason Frishman is the founder and CEO of Netcapital, an equity crowdfunding platform enabling friends, family, and customers to invest in startups without being an accredited investor. Jason founded Netcapital to reduce the systemic inefficiencies he saw in the way early stage companies access capital. In his role at Netcapital, Jason has been mentoring, advising, and investing in early stage companies to help them raise their first round of capital.Here’s an interesting fact about Jason: he has a background in the life sciences, where he conducted research in medical oncology at the Dana Farber Cancer Institute and cognitive neuroscience at the University of Miami, where he graduated summa cum laude with a B.S. in Neuroscience.How Jason transitioned from neuroscience to a founder of a popular funding portal is a sensational startup story!Jason dives deep into the capital raise process and shares the best advice for newbie and experienced founders.Two favorite pieces of advice from our conversation:"Raising money is hard. And one of the most important things investors look for is passion. That passion has to come from you as the entrepreneur. Nobody can raise capital for you except for you. You are the best at selling your own equity.""The mindset by which you need to raise capital is incredibly important. It's not, Hey, I really could use $25,000 because I'm starting this thing. I need your help. I need your support. It would mean a lot to me. No. That's philanthropy. That's charity. That's not what people are interested in doing when they're taking a meeting with you as an entrepreneur to learn about your startup. Your mindset needs to be, I'm starting this business in this space. Here are the reasons why. This is why this is going to be a tremendous success. I'm giving you the opportunity to come along on this ride with me. I'd love to have you on board. This is what we're doing. This is what the terms are. Would you consider that?”Please visit Netcapital to learn more about this extraordinary funding portal:https://netcapital.com/You can connect with Jason on LinkedIn: https://www.linkedin.com/in/jfrishman and follow Netcapital online via:LinkedIn: https://www.linkedin.com/company/netcapital/Twitter: https://twitter.com/netcapitalInstagram: https://www.instagram.com/NetcapitalFacebook: https://www.facebook.com/Netcapital/If you’d like to receive an alert whenever I post a new episode, please follow the Startup Life Show wherever you listen to podcasts, including: Stitcher, Spotify or Apple/Google Podcasts… and let’s connect on social media! You’ll always find me hanging out at my favorite social media bar – Twitter! https://twitter.com/AndeLyonsDo you have a startup story you’d like to share on the Startup Life Show podcast? Please reach out to me via email – ande@andelyons.com. You'll find tons of curated DIY startup advice on my YouTube Channel Andelicious Advice: https://www.youtube.com/user/AndeliciousAdvice and please subscribe to my bi-monthly newsletter, Let’s Stick Together -> http://bit.ly/AndeliciousNewsletterDo you need a pitch deck reviewed? I've raised millions from VC and thousands from Angels... and I'm a co-host of a monthly pitch event in Boston. I can make sure your deck is ready for investors and a pitch event. Click this link to learn more: http://bit.ly/PitchDeckAuditDo you need an “Urgent Care for Startup Founders” coaching session? You can schedule me by the minute here: https://andelyons.as.me/ Listeners - thank you so much for tuning in - I am genuinely grateful for your time and presence. Stay strong, stay focused – and please remember – you’ve got this – Cheers!Ande ♥