I have several family and friend investors who are interested in putting in equity money for an acquisition, but I would like to show owners/brokers/bankers some level of preliminary commitment from these investors so that they take me seriously (considering my own net worth probably wouldn't warrant a multi-million dollar acquisition). So I'm wondering if anyone has any resources/templates for drafting a letter from equity investors showing their support and willingness to invest in an acquisition (assuming the right deal)?
To be clear, I don't have a specific deal that I am working on at the moment, but more interested in having this for future conversations.
Thanks
Support letter from friends and family?
by an investor from Florida Institute of Technology
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