At some point, people who break off from working for a corporation to do their own investing encounter this situation. However, I know a fair amount of small/local investors here in LA who went out and purchased deals in the $20-50M range, and had institutional equity partners, i.e. Lehman, Morgan Stanley, foreign money, etc).
I would imagine that if I were to go to Wall Street and ask for a $10-15M equity investment, they are going to want to know I have a track record on my own....which I do not.
Also, there are plenty of firms that specialize in finding equity and/or debt for deals, but wouldn't the same questions come up? How would anyone in my position be able to successfully raise that type of equity? The companies I have worked for in my career were so well known, all it took was a phone call and we would have half-dozen interested equity partners.
Would an investor be able to look at my resume working for other firms to get comfortable with me?
Aug 6, 2009