Pre Fund Raise Considerations for Traditional Search

November 19, 2024
by a searcher from La Salle University in Philadelphia, PA, USA
Hello everyone-
I am starting the process of a traditional partners search, we are looking for some insights for budgeting so we know the amount to raise and make sure we can justify it to investors. We know we have two salaries for two years about 400k, we’re planning on getting coworking space about 25k, legal fees 10k, we don’t know what other large or small items to consider. assuming zoom info or a sales discovery system, also probably need a CRM system, likely need travel to see potential deals, etc… What should we be considering and what are their approximate costs so we can budget into our fund raise. Anything you wish you would have considered but didn’t? Thanks for all the help!
from Harvard University in Jeddah Saudi Arabia
from The University of Chicago in Miami, FL, USA