Pitch your fund verbally to investors 3-4 times before writing any legal docs. Use their rejections to fix your deal terms and team story until someone actually commits money. Only then spend on lawyers.
Chapters
Go verbally raise capital, get commitments. What's the feedback? Because what happens, you know, it's a circle and people sometimes are nice. Oh yeah, it looks good. I'm just, you know, and you go, no, come on, for real. Can we get $100,000 from you right now? Well, okay, no, tell me the real, real. I'm here for feedback. You have to ask them like 3 or 4 times. Then they'll tell you, well, you know, the structure, just a little bit rich for me. And what happens is you'll come back through and you'll tweak your deal and strategy as you go for the goal of getting validation that this idea that you're working on is actually— people would put money into this. People They like the structure of the team, and then and only then we jump to legal, and then we officially launch.