Dan Fleyshman
๐ค SpeakerAppearances Over Time
Podcast Appearances
So over the last three years, I raised $56 million through Elevator Syndicate. I have 970 investors that are all accredited investors. And I just text them deals once a month or so. And it's optional. They can invest if they want to. If they don't want to, I always tell them, say nothing. You don't say no, just say nothing. And we won't bother you again.
And so we raised $4 million for this and $6 million for that. We do $3 million to $6 million per deal. Into companies that are doing $2 million to $20 million in sales. Okay. That's our requirement. $2 million to $20 million in sales. It's mostly been food and beverage brands and consumer products.
And so we raised $4 million for this and $6 million for that. We do $3 million to $6 million per deal. Into companies that are doing $2 million to $20 million in sales. Okay. That's our requirement. $2 million to $20 million in sales. It's mostly been food and beverage brands and consumer products.
So we raise money for Rye's Coffee, BLK Water, Ever Bowl, Cars and Coffee, Icon Meals, Creatures of Habit, and all in the same ballpark range. But what's interesting is a lot of these investors can throw in 25K, 50K, 100K. They don't have to put in a million dollars. They can put in 50K, 100K. Our average check size is around 100K. And then sometimes someone will put in 250K or 500K, et cetera.
So we raise money for Rye's Coffee, BLK Water, Ever Bowl, Cars and Coffee, Icon Meals, Creatures of Habit, and all in the same ballpark range. But what's interesting is a lot of these investors can throw in 25K, 50K, 100K. They don't have to put in a million dollars. They can put in 50K, 100K. Our average check size is around 100K. And then sometimes someone will put in 250K or 500K, et cetera.
But for the most part, it's a lot of 100Ks. But however, at a 970, I only need like 30 to 50 of them, right? I need 3% to 5% to jump in, so 30 to 50 of them. So putting in $100K average, that gets me to my $3 million to $6 million range. And then what I do is called hand-to-hand combat.
But for the most part, it's a lot of 100Ks. But however, at a 970, I only need like 30 to 50 of them, right? I need 3% to 5% to jump in, so 30 to 50 of them. So putting in $100K average, that gets me to my $3 million to $6 million range. And then what I do is called hand-to-hand combat.
Once I raise the majority of it, so let's say I'm raising $4 million, and I'm at like $3.2 million, then I'll text Hunter like, hey, Hunter, I got 3.2 million out of my four, do you wanna jump in? Hey, Ed Milet, hey, Andy, hey, John, Jennifer, whatever, I text them and say, I've got 3.2 million out of my four, and that's called momentum investing.
Once I raise the majority of it, so let's say I'm raising $4 million, and I'm at like $3.2 million, then I'll text Hunter like, hey, Hunter, I got 3.2 million out of my four, do you wanna jump in? Hey, Ed Milet, hey, Andy, hey, John, Jennifer, whatever, I text them and say, I've got 3.2 million out of my four, and that's called momentum investing.
They feel much more comfortable, because they don't wanna be the first check, and they know that I've now got, let's call it 27 people to put in the 3.2, now they're in, they're excited.
They feel much more comfortable, because they don't wanna be the first check, and they know that I've now got, let's call it 27 people to put in the 3.2, now they're in, they're excited.
it's been very effective because for the investors it allows them to get into deals syndicate what a syndicate is guys syndication is you could do it for real estate like hunters talking about you could raise 10 million dollars to to buy like a 30 million dollar property for example you could raise 10 million dollars through hunters crew they go buy an apartment building for example or storage storage units whatever
it's been very effective because for the investors it allows them to get into deals syndicate what a syndicate is guys syndication is you could do it for real estate like hunters talking about you could raise 10 million dollars to to buy like a 30 million dollar property for example you could raise 10 million dollars through hunters crew they go buy an apartment building for example or storage storage units whatever
That's a syndication. What I'm talking about is a syndication for private equity, for a beverage company, a food brand. You could do it for clothing. You can do it for a cell phone company, whatever you're thinking about. And syndications allow you to get a group together. I use a company called AngelList. AngelList does all the back end for me, paperwork-wise, lawyers-wise.
That's a syndication. What I'm talking about is a syndication for private equity, for a beverage company, a food brand. You could do it for clothing. You can do it for a cell phone company, whatever you're thinking about. And syndications allow you to get a group together. I use a company called AngelList. AngelList does all the back end for me, paperwork-wise, lawyers-wise.
They deal with all of that part of it because raising capital can be expensive.
They deal with all of that part of it because raising capital can be expensive.
you got to make sure that you utilize a good platform whether it's raisingcapital.com whether you're doing it for real estate or for your business make sure that you have a lawyer involved an accountant involved or a platform that you believe in and trust in that has a reputation like an angel list like raisingcapital.com
you got to make sure that you utilize a good platform whether it's raisingcapital.com whether you're doing it for real estate or for your business make sure that you have a lawyer involved an accountant involved or a platform that you believe in and trust in that has a reputation like an angel list like raisingcapital.com
It's very important because you want to make sure that your paperwork is done correctly to avoid any legal headaches later.