One of the most underrated skills in Entrepreneurship.

28 Jun 2024 · 0 min

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Ryan Daniel Moran (speaking in a Capitalism.com video) argues that a CEO’s ability and track record to raise capital is a crucial, often-underrated skill in entrepreneurship. He cites Bill Glaser of Outstanding Foods as an example: companies with strong fundraising-capable CEOs can survive tough markets, while many with good revenue failed because they couldn’t keep raising money. The speaker notes this was a lesson he learned after starting investing.

The ability of the CEO to be able to raise money and has a history and a network to raise money is crucially important because the CEOs that we have in our fund that know how to do that, like Bill Glaser from Outstanding Foods, he comes from a background of, like, raising money, and so he's able to raise money and to get through tough times. It's not an easy market to do that. A lot of companies have gone under. The revenue was good, but they just couldn't keep raising money, and so they went under. So that's a skill set I didn't really understand when I started investing.