Should you use a finder to obtain venture capital? I won’t tell you definitively whether you should or shouldn’t, but I will share my personal thoughts on the matter here and summarize by stating that I wouldn’t use one (knowing what I know) for the following reasons, in no particular order:
1. Most finders I have encountered here locally are, unfortunately, not registered under the ‘40 Act and are therefore in violation of securities regulations (i.e. doing so illegally). As always, consult with your attorney(s) about this matter for the explanation as to why and BE VERY CAUTIOUS if someone offers to make some intros and/or help you “find” venture capital money in exchange for money and/or equity.