Scott Rafer's First Time (Raising Money)
Venture Voice – interviews with entrepreneurs
English - April 15, 2008 15:54 - ★★★★★ - 23 ratingsCareers Business Technology entrepreneur venture capital technology entrepreneurship startup business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: VV Show #48 – Frank Addante of The Rubicon Project
Next Episode: Fabrice Grinda's First Time (Raising Money)
This is the first of a new series on Venture Voice where we ask a bunch of past show guests a simple question and post their answers.
How'd you raise your very first round of financing?
Scott Rafer: The first money I raised was for Fotonation in 1996. We just had a cashflow issue, so borrowed $25k off a friend of mine in NY, paying him back the principal plus interest and warrants. It was the right thing for the situation. My mistakes were later.