From $0 to $100M: The Truth About Capital Raising w/ Hunter Thompson πŸ“ˆ EP102

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How did Hunter Thompson scale to raising $100 million?

Dan Fleyshman 0:28
ladies and gentlemen welcome to the money mondays this is a special edition because right now right this second we are in the midst of the world's largest toy drive 10 cities over 16 days but luckily we have this rv motorhome which allows us to drive around and find guests like we have for you today we have the creator of raisingcapital.com His name is Hunter Thompson, and I'm going to deep dive with him about all things money. Now, as you guys know, our podcast runs for about 34 to 38 minutes because the average commute to work is 45 minutes. The average workout is 45 minutes. So this will be 34 to 38 minutes for your listening pleasure. We're going to cover three core topics, how to make money, how to invest money, how to give away to charity, but with a bit of a twist. Because Thompson, Mr. Hunter Thompson, has raised over $100 million, I want to ask him some questions about raising capital because a lot of you guys out there might be thinking about starting a company. Maybe you already have a company. You want to scale it.
Dan Fleyshman 1:25
So I'm going to ask him all the questions around that topic. But first, we're going to have Hunter do a quick two-minute bio so we can get straight to the money.
Hunter Thompson 1:33
What's up? Honored to be here, first of all. Yeah, so name is Hunter Thompson. I have a background as being a slacker in college and not taking life too seriously, but getting into the world of business and entrepreneurship, I fell in love with it. And like I said, went from struggling to raise my first deal and coming half a million dollars short on my first raise, to raising a hundred million bucks from hundreds of investors, buying hundreds of millions of dollars of deals, and I feel like I'm just getting started, so stoked to talk about it.
Dan Fleyshman 2:03
Awesome. Okay, so someone out there listening is considering raising capital. Is there a time that's too early? Like when they have the idea phase, is it too early? When they have the business plan, is that when they should do it? Should they already have a little bit of sales, 10 grand, 50 grand, 100 grand sales? When is too early?
Hunter Thompson 2:19
I mean, I think when people think about raising money, I think what comes to their mind is like having a really good pitch or like not taking no for an answer or something like that. And like the reality is the question about like when you should start I'm thinking like when you should start generating leads to have those conversations. Cause even if you know exactly what to say, it's like, who are you going to say it to? Maybe your friends and family, but then how far can that really get you? And even if you are from a family that's rich, even those families raise money, obviously. So like billionaires raise money all the time. So like, there's no time that's too early to start digging the well, meaning how can I generate leads?
Hunter Thompson 2:55
How can I connect with people? How can I warm people up? Even if you don't have a deal yet, now you should be doing that.
Dan Fleyshman 3:01
said a really good point just this month Kris Jenner and Khloe Kardashian raised four point five million dollars to do popcorn Chloe decided should you do popcorn and so they raised four point five million dollars from investors now as you guys can imagine Kris Jenner and Khloe Kardashian are very rich and they have infinite capital and they make millions millions millions millions dollars per month why this is my question
Hunter Thompson 3:26
why does someone with that much money that much reach that much social media power still want to raise capital from strategic investors yeah man i mean it's ultimately come down to leverage right so most people think of leverage think of debt borrowing money and stuff like that but there's other mechanisms think about leverage like what's a higher leverage activity how can i leverage my business how can i pursue high leverage things and so for for them

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