24. Strategic Thinking in Raising Capital
In this episode of the Motivated Money Podcast, Karl Dakin talks to Michael Hsiung, co-founder of Centered, a company that helps people incorporate academic research through games and workshops. Michael explains the importance of having a strong philosophical underpinning when developing a strategy for raising capital. He uses the analogy of TaeKwonDo to explain how having a coherent strategy is more effective than relying on a random set of tactics. Michael emphasizes the need for discipline in finding and using limited resources effectively to reach one's goals. This episode is a must-listen for anyone looking to develop a successful fundraising strategy.
In this episode, you will learn:
- The importance of strategy when it comes to raising capital and the common mistakes people make when developing a strategy.
- An analogy between martial arts and strategy, highlighting the need for a strong philosophical underpinning to guide decision-making.
- Examples of effective fundraising strategies and the importance of making strategic decisions that will impact future fundraising campaigns.
Connect with Michael Hsiung
LinkedIn: https://www.linkedin.com/in/hsiungmichael/
Website: https://cntrd.us/#case-innovation
New Motivated Money Bootcamp starting on April 19! Go here for more info and to register: motivated.money
Connect with Karl Dakin:
LinkedIn: https://www.linkedin.com/in/karldakin/
Website: https://capitalinnovation.institute/
Entrepreneur Coach AI: https://capitalinnovation.institute/Entrepreneur-Coach