There are two types of fear entrepreneurs need to eat when raising capital – one based on reason, and another based on gut. While both need to be addressed, entrepreneurs often over prepare for one, and under prepare for the other.
Calgary, AB (PRWEB) July 12, 2006
Michael Sikorsky (CEO) teams up with Jonathan Rasmusson (Community Evangelist) of Cambrian House Inc., to reveal their tips to raising capital on the company’s blog. Having raised over $2.2 million for the company, which had ranked in Alexa’s top 100 reached Canadian websites within 2 weeks of the website’s launch, Sikorsky divulges the key is to eat fear for breakfast, lunch, and dinner. “There are two types of fear entrepreneurs need to eat when raising capital – one based on reason, and another based on gut. While both need to be addressed, entrepreneurs often over prepare for one, and under prepare for the other.”
Sikorsky reveals that while entrepreneurs have prepared for eating rational fear by formulating business plans and creating slick PowerPoint presentations, they are ill prepared for dealing with the emotional fear investors have when faced with new startups. Sikorsky’s tips advise dealing directly with the emotions of the investors, catering to their greed and mitigating their fear of loss. He notes that, “when entrepreneurs sincerely believe, project a genuine aura of confidence, and act as if they are destined to raise money, they often do.”
The tips revealed on the blog today are the first serving of a multi-course meal of entrepreneurial advice from the Cambrian House CEO. “We work on the assumption that the universe is abundant,” Sikorsky explains, “sharing advice with other investors propagates abundance, not scarcity.”
Read the full blog posting here:
About Cambrian House Inc.
Headquartered in Calgary, Canada - Cambrian House opened its doors on February 1, 2006. Using the Internet to harness the wisdom and participation of crowds, Cambrian House seizes creative software ideas from the ether and builds them into real software. With the use of online market testing, Cambrian House then objectively determines if an idea should be built or be terminated at conception.
Visit http://www.cambrianhouse.com for more information.
If you require additional information or have any questions or concerns please contact:
Michael J. Sikorsky, CEO
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