Is there a precedent for hiring a startup executive whose sole purpose is finding venture capital?
Fundraising Oct 30, 2018
Many CEO’s spend 90% of their time on raising money, so you could argue that there is a precedent for this. However, hiring an outside firm to help raise money, or bringing in a CFO who is skilled at raising money isn’t unheard of. If you have someone in-house – CEO, CFO, COO, etc. – then it’s likely to be a better outcome, since the motivation of the fundraiser is directly aligned to the business needs.