What Role Do Professional Networks Play in Fundraising?
Professional networks are instrumental in fundraising efforts. Here’s how:
Connecting with Investors: Networks can introduce entrepreneurs to potential investors, including venture capitalists and angel investors. Building Credibility: A strong network often signals a credible and well-connected entrepreneur, which can attract investors. Due Diligence: Investors often rely on networks to conduct due diligence. Positive feedback from mutual connections can bolster an entrepreneur’s chances of securing funding.