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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.

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This story appears in the February 2009 issue of Entrepreneur. Subscribe »

As if maintaining a social life and staying afloat academically all while building a successful isn't difficult enough, college entrepreneurs must deal with skeptical investors and an unruly . Fortunately, 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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