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Scott Rafer's First Time (Raising Money)

This is the first of a new series on Venture Voice where we ask a bunch of past show guests a simple question and post their answers.

How'd you raise your very first round of financing?

Scott Rafer: The first money I raised was for Fotonation in 1996. We just had a cashflow issue, so borrowed $25k off a friend of mine in NY, paying him back the principal plus interest and warrants. It was the right thing for the situation. My mistakes were later.

Posted by Greg Galant on Apr 15, 2008 | Permalink | TrackBack (0)

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