Kim Lisa TaylorSecurities Attorney, Founder, Syndication Attorneys, PLLC · Corporate Securities Attorney, 2x Best-Selling Author, Nationwide Speaker | Private Placement

Are You Working for Free? The Real Cost of Building Your Fund!

18 Nov 2024 · 1 min

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In this segment of her YouTube video, Kim Lisa Taylor warns fund founders and entrepreneurs against working without proper compensation. She illustrates her point with the example of ‘Hector,’ who spent a year advertising his fund before its official launch to ensure sufficient capital was raised. Taylor emphasizes that founders are constantly engaged in networking and preparatory work, regardless of whether a deal is closed, and therefore must ensure they are paid for their time and effort.

Chapters

So why are you working for yourself for nothing? You have to also make sure that you are adequately compensated for your time, your efforts, your work in here. I could tell you Hector has a fund. Hector can tell you about all the work that he's had to do behind the scenes to get even to get that fund off the ground. Hector advertised his fund for a year before it ever launched, just to make sure he could. You know, raise an adequate amount of money when it launched, right? So you are always working, you are always making connections, whether you have a deal or not, you are always doing something. So you need to make sure that you are also compensated yourself for your time.