Tuesday, February 15, 2011

Fund Raising Tips

Take care before you pitch to check the backgrounds of the investors and investor groups you're dealing with.

Keep in mind that ideas are hard to protect from a legal standpoint. I've had people take my ideas and run with them. The more likely scenario is that friends and associates will be the ones doing the purloining, not investors. Better to be quiet, overall. Share your plans only with very trusted people, and choose your investors carefully before you pitch.

Tim Berry is the president of Palo Alto Software Inc.

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