It seems crazy that raising larger amounts of money is easier than smaller amounts, however this is the paradox of raising money. The reason for this is simple -- above a certain investment level (normally around $1m) the money switches from seed investment, which is normally a wealthy individual who wants to take a punt to venture fund money. When it switches to venture money, then the people running the fund get a percentage of the fund to manage it, so as a fund what takes less work? Doing 10 deals at $10m or a 100 deals at $1m, you invest $100m either way, but by investing more you work 10 times less and expend much less resource and ultimately make more money.
That’s the case with raising money for our solar company. Currently we are raising a billion-dollar fund for our solar company in the USA, and we have raised hundreds of millions already for our UK solar company. So why bother raising $500K when I have already raised hundreds of millions for my other companies, why don’t I just invest myself?
Well firstly and most importantly, it comes down to a metric I hate: “How much are you worth?” It is the first thing that the media asks, and then if you don’t answer the question, they try and work it out based upon the value of your companies. The last time the media tried to pin me to a figure they worked it out at $10m, but what people don’t understand is that is not how much cash you have in the bank; net worth is theoretically what you could sell your companies or assets for, in fact hardly any millionaire would have more than $1m in cash in the bank as it is a very inefficient way to hold wealth.
I'm not a fan of Sarah but what you did was typical, for that you loss major points with me I find what you all do so interesting but i have to say I'm not liking your ideas!!!
You did not deny that you called your friend a stalker so I agree with Sarah that it was true. I know Sarah is loco but you do need to stop treating women like that. It will come back to haunt you.
You need to leave poor Sarah alone Ben. You keep hurting her and making her think you are interested and then you throw her out of your house (probably after inviting her over). That just makes you look bad. I think you need to work on making the inside of Ben as attractive as the outside of Ben. Also, don't you think being so attractive comes with a certain responsibility not to lead these poor girls / David on the way you do? My heart went out to Sarah when you all threw her out of the party so publicly - that was a real mean move Ben and your too attractive to behave like that.
Poor Sarah? They went out on 1 date... Ben did not tell Sarah that he wanted an exclusive relationship with her and that he was not seeing anyone else. Ben may have down played his other relationship, but Sarah told that girl about the stalker comment to be hurtful. Sarah did not care about that girl one bit and just wanted to make her feel bad.
Ben, Congratulations on the funding to you and Hermoine, but you two need to get separate lives or you are going to lose the love that brought you together. Hermoine is a more free spirit and more creative while you, Ben, are much more cerebral and structured. You also want to chase ladies and Hermoine is going to thwart you at every turn! Kathryn
It's evident that you and your sister grew up in different homes because you have different attitudes toward money. Your offering to lend some money to David, despite scouring for investors for your project, shows that you value friendship more than money.