Living Entrepreneurship Blog / Babson Entrepreneurs

The Importance Of Trust

The question of trust is very important when it comes to investors and entrepreneurs. Someone named Gabriel Weinberg posted on their blog a very true step-by-step process when it comes to getting someone to be your mentor or co-founder.

1. Make sure you do your research
2. Make a good intro, you should send an e-mail that explains who you are, what you do and both your companies history as well as your own and that you need some advice.
3. Make sure that you keep the conversation going.
4. Always offer equity.

This is like a short guide on how to get help from someone who has been there and done that, not how to woo an investor. Having a mentor very darn well can be the deciding factor of whether or not your startup lasts. Now, it’s not that an investor won’t be able to fill that role or anything, you want to have investors at an early stage of your startup. You want someone with you that will be able to give advice and guidance when you need it, not only cash. They should not be cash in your eyes. Always seek their guidance and make them trustworthy and let them be able to trust you just as much.

Danny Wong runs a customized dress shirts startup that lets you design your own dress shirts from the collar to the pockets and much more. His company is also about to launch a second custom dress shirts startup, so sign up for news on the launch because it will be big!