Secure Cash Before Securing a Diploma
Your business can be up and running before you don a cap and gown if you cash in on your network.
As if maintaining a social life and staying afloat academically all while building a successful business isn't difficult enough, college entrepreneurs must deal with skeptical investors and an unruly economy. Fortunately, raising capital before donning a cap and gown is still possible if you put your network of contacts to work.
Just ask the founders of Knetwit, Tyler Jenks and Benjamin Wald who raised $4.2 million by leaning on a network of fraternity brothers for advice and capital. "It's very important to find someone who's willing to help and who already knows investors," says Jenks, 22.
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