11/17/2021 Tip: Multiple Sources and Rounds of Funding | Growthink

11/17/2021 Tip: Multiple Sources and Rounds of Funding

Today’s Quote

“Failures are divided into two classes – those who thought and never did, and those who did and never thought.”
~John Charles Salak

 

Today’s Tip

Today we continue with the 10 commandments for raising money. 

RULE #4: Be prepared to raise multiple sources and rounds of funding. 

Companies like Google raised funding from 5+ different sources. 

EarthLink raised 14 rounds of funding. 

You must start from the bottom of Growthink’s Funding Pyramid, which are the easiest funding sources to raise, and then move up. As you reach your “risk mitigating milestones,” more and more funding sources become available to you.

 

Today’s Resource

The Funding Pyramid (TM)

I discovered and trademarked The Funding Pyramid (TM) formula a few years ago.

This is how it works  <–

It’s the precise formula I discovered and have used to help entrepreneurs and business owners like you raise billions of dollars. 

I lay out precisely how The Funding Pyramid (TM) works, and how to use it in your business today.

 

Trivia

Today’s Question: What is the most profitable company in the world as ranked by Fortune magazine?

Previous Question: Who currently holds the top spot in the Forbes 400 Richest People in America?

Previous Answer: Bill Gates.

The 57 year old Microsoft founder won with a net worth of $66 Billion. The significance of this list is that it is an indicator that the American dream is alive due to the fact that 70 percent of the Top 400 members are self-made millionaires/billionaires.