013: How to Secure Startup Funding with Fundwise CEO Leo Kanell

Episode Summary 

One of the biggest hurdles facing entrepreneurs is raising capital! It’s hard enough to decode the red tape and fine print of most investment vehicles, not to mention the unlikely chance you will find yourself in a position where the amount of equity or “skin” required justifies the capital offered. With over $531 billion dollars funding startups in the US each year, it’s time we explore some strategies to give some leverage to entrepreneurs.    

My guest this week, Leo Kanell, is the founder of Fundwise capital and author of the business funding formula. Leo is passionate about providing funding tools, startup education and growth solutions for entrepreneurs. Leo and his team have helped secure over $150 Million in funding for clients across the country. The best part, is his strategies are focused on helping entrepreneurs retain equity and control of their companies. On this episode, Leo walks through the common pitfalls of early stage funding and explains how he helps entrepreneurs gain the understanding and tools that will help them scale into revenue. 

Talking Points

  • Exploring the funding challenges facing early stage startups and how they can to secure seed capital
  • Understanding the value of credit and how to establish a corporate credit profile
  • The 3 C’s of startup funding
  • How do you know when you are ready for funding?
  • What resources are available for entrepreneurs to develop financial intelligence
  • The difference between entrepreneurial and personal finance
  • Common pitfalls and mistakes founders make when they seek funding

Meet Our Guest

Leo Kanell is the CEO & Founder of Fundwise Capital and the author and creator of the Business Funding Formula. Leo is passionate about providing funding tools, startup education and growth solutions for entrepreneurs.

Leo and his team have helped secure over $150 Million in funding for clients across the country. What started out as just a need to crack the funding code for his own businesses, became a passion to help teach entrepreneurs to secure the very best funding so they have a chance to turn their enterprising dreams into a reality.

Leo received leadership and business scholarships while studying finance at the University of Utah and has created multi-million dollar finance companies. He loves philanthropic causes, family and learning from everyone he meets. He resides in Draper, Ut with his wife and their 5 kids where they snowboard in the winter and wakeboard in the summer.

Show Links

Website: www.fundwisecapital.com
Facebook: facebook.com/fundwisecapital/
Book: The Business Funding Formula

Resources Mentioned during the show:

Good To Great
Inc.com
Entrepreneur.com

 

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