GUEST MENTOR Mo Koyfman, General Partner at Spark Capital: The first round of funding is typically the hardest capital you’ll ever have to raise for your company. It requires a leap of faith on the part of investors, who have to believe that you will succeed at what is little more than a hope and dream initially. More than the idea or anything else, they need to believe in you.
For this reason, entrepreneurs have historically gone to friends and family for this initial round of financing. Who is more likely to believe in your crazy dream than your friends and family?
To read the original article: .@mokoyfman: Raising Your First Round of Capital - The Accelerators - WSJ
