Venture Voice – interviews with entrepreneurs

Entertaining Entrepreneurship

Scott Rafer’s First Time (Raising Money)

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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.

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