In this segment we do a recap of what was mentioned in this episode of raising funds for startups Silicon Valley Successes is a Tv show based in Silicon Valley that interviews experts and entrepreneurs to give the world access to the knowledge and experience that is here in Silicon Valley.
So we've talked a lot we've talked about what a fundable company is, we've talked about the different types of investors, angels, family funds, VCs, we've talked about raising funds, and a plan. And some of the biggest mistakes founders make what other information on fund and do you think is very valuable for startup founder to know. I think
fundraising itself also takes a lot of efforts and a lot of time. So if a founder, for example, is a programmer, and he himself is preparing developing the software, he will have to think that he's probably going to be spending at least 50% of his time undertaking fundraising. And therefore, as I mentioned before, it's a it's well worth already developing a once team to include people that he can then rely upon to carry on perhaps the developmental stages of the product or service while he's also working with advisors to approach investors. So I would say founders and startups should have a solid team and they should be well prepared to talk to the investors they should also actually make sure that they spend time looking at which investors they should be approaching. The accelerators for example, will also typically have programs where they will invest in startups as well. The usual structure is that they will invest around 120, $5,000, $25,000
of that might be called back by the accelerators for services provided and the accelerators could take typically around 7% of the equity. So again, it's a matter of the founders and startups judging when is the time to approach investors what's helped to get for example, also in terms of board advisors, other team members, mentors as well which accelerators perhaps to work with because the accelerators have their own specialization. And so all of those detailed considerations which founders and startups should spend a good a good deal of time considering.