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Bridger Pennington | Fund Launch · @bridger_pennington
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who take initiative who bring great investments to the family bank or bring great ideas to the family bank and they still have to pitch and close six individuals or seven individuals on the investment committee to get anything allocated to them you
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$2 million which now puts our 25 million down to 23 million we're now going to split that 8020 so 80% to the investor 20% to us so if you total that up that means our limited partners got 18 .4
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Opening (first 30 seconds)
2026, what actually works for raising capital right now? Uh so, and why am I qualified to speak on this? Well, so far we've raised $84 million of equity between my two active funds right now. Uh we have a portfolio of over $640 million of AUM. I have launched five funds under three platforms. We currently manage 17 portfolio funds through fund launch partners. We have hundreds of investors or limited partners. I've done over 47 million of revenue through fund launch. We're on the Inc. 5000 of fastest growing companies in America.
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2026, what actually works for raising capital right now? Uh so, and why am I qualified to speak on this? Well, so far we've raised $84 million of equity between my two active funds right now. Uh we have a portfolio of over $640 million of AUM. I have launched five funds under three platforms. We currently manage 17 portfolio funds through fund launch partners. We have hundreds of investors or limited partners. I've done over 47 million of revenue through fund launch.
We're on the Inc. 5000 of fastest growing companies in America. We just hit Utah businesses fast 50 companies as well. Um I'll also mention in 2026 we have raised over $30 million this year for our fund too. So what I'm going to share today actually is working right now. And this is not credit to me. This is credit to our team. We have an incredible team of people doing this together. I'm going to talk about how we built a great team, what we've done here and and how we put this together.
Okay. Um, this is I've been on featured on the NASDAQ. Uh, we actually went out to a group. They they list on the NASDAQ. I was interviewed by NASDAQ as well. This is me with people like Jordan Peterson. People like Do you guys recognize these people? People like Gary Veaynerchuk. Um, these are this is me with people like Jim Quick or Michael Phelps, the the Olympic swimmer. It's cool to meet him and get to talk to him for a little bit and be in a private event with him.
Meeting Mike Tyson. What an interesting dude. Dude, that was one of the most interesting people I ever met was Mike Tyson, hanging out with people like Russell Brunson, if you know him. Um, being part of his group. We we've done multiple events with Russell and been very involved with his group and his people. I actually spoke on his stage in front of 5,000 people. So, yes, I know a thing or two about getting in front of audiences, speaking in front of people, running some things.
This is actually us speaking at our own events. So, not other people events. This is actually fun launch live number two in Miami, Florida. You can see our logo right here. We had over just about 2,000 people live in attendance. You can see the longer frame here. So, yes, I know a thing or two about getting audiences together. How do we raise capital and do all this? This is actually we had Ed Mlet come on stage with us and speak.
It was pretty fun to have him there. If you know Ed Mlet, this is me meeting Tony Robbins. I was in a small room with him, about 25 people for about three hours. He worked with us. It was amazing. This is actually me meeting uh Ray Dallio. If you know Ray Dallio, um one of the most successful hedge fund managers of all time, $150 billion of AUM, largest hedge fund in the world, has a net worth of $21 billion. wrote these two books.
Remind me later to tell you about this story of this box right here. I almost got tackled by all of his bodyguards for this box. And I'll tell you in a minute. This is a gift I was trying to give Ray Dallio and it did not turn out well. But we'll come we'll put a pin in that. We'll talk about in a few minutes. But that's a crazy story. Okay. So, I I feel qualified to speak on this. However, I also am a college dropout.
I did not attend an Ivy League school. I did not work on Wall Street. I live in Utah of all places. I don't live in a financial hub. This is my beautiful family. Uh I have a wife and two kids. Um we have nine chickens. We live on an acre and a half. We have a little peach orchard. It's a By the way, if you ever want to raise a family, Utah is an amazing place to do it. I love living in Utah. But I was able to do a lot of this without any of these things.
Okay. This is the first video I ever posted on YouTube in a crappy background with no studio, no following. Uh today we have over 400,000 social media followers across all of our social media platforms. You can see we have 138,000 on YouTube uh from here. So again, but still with those things, we were able to do some cool things with our businesses, right? Raise and again this year raised $30 million through fund launch.
We've launched over 400 funds and syndications. Our people, you guys, cop it up for you guys, manage over $7.1 billion of AUM. So, yes, we know a thing or two about raising money and how this works and how to do it, even if you don't have the perfect background. We've also helped other people launch their funds. This is all in ventures. They've done an incredible great job. Um, they paid us 30 grand to help them build and design their fund.
They launched a $20 million fund one. I believe they're coming out with their fund too soon. All doing uh venture capital. Um, this is Percy. He paid us 25 grand to help him launch his fund. He just closed a 229 unit apartment complex in Oklahoma. He's done very well in real estate. I love this picture of him. I had to put this up here with his cigar and his badge. I think it's an awesome picture of Percy. So, kudos to him.
Okay, so we're going to talk about today. We're also going to talk about building investment funds, private equity, venture capital, hedge funds, real estate funds. I want to do some Q&A and work with you guys as well. And uh we've done extensively, we've done a lot of these through fund launch. We've launched all these different types of funds. And I want to have my goal for today is that you guys should consider launching a fund to get your wheels spinning.
We have helped people and you can maybe just take me off this slide so they can see the whole slide here. Um, we've helped people launch multifamily real estate funds, sports gambling funds, commercial real estate funds, short-term rental funds, long short trading investing funds, African food supply chain funds, forex trading and investing funds, crypto trading investing funds, real estate lending funds, almond nut farm acquisition funds, debt consolidation loans, seller finance are doing sub 2 type of funds, startup investing, business acquisition, single family real estate, software industry rollup, farming funds, shipping container arbitrage, Canadian funds, ventures studio funds, competitor rollout funds, hard money lending funds, and many, many more.
We have helped all of these types of businesses scale with a fund or just scale. A simpler way of saying that is scaling with capital with outside investors putting capital in to allow a strategy to scale. Okay, pretty good intro. All right, let's talk about capital raising in 2026. When raising capital, it is nice to have a pretty logo, CRM, a website, a custom pitch deck, branding and news, an email list, and you can spend lots of money on these things.
I have seen people spend $50 to $100,000 trying to raise capital on all these things, and they got zero results. It didn't work. I've also seen people with no pedigree go to a bad university or a college dropout like myself, somebody that doesn't even have a logo or their hor their logo sucks. They're nerdy or they have kind of a cold personality. I've seen people that are introverts or not talkative. They're kind of like not the slick talking salesperson that you would think would be able to raise tons of money.
People with no track record as well. and I've seen them raise lots of money. And it's been funny over the last seven years I've ran my own funds, five of my own funds. We've again raised 84 million of equity. I've helped our clients launch their o funds. And they've gone out and and collectively manage over $7.1 billion. And so the question is, what actually moves the needle? What actually do you need to raise capital?
What do you guys think in the chat? What do you actually need to raise capital? maybe comment down below because if it's not those things, then what is it? And uh I wanted to use an example. Is this is this okay with you guys? So when I was first starting out, I was getting in this game of capital raising. I had the same questions. I was like, "Hey, I I don't know if I can raise money. I don't have a track record. No one believes in me.
I don't know anybody with money. Like who's going to believe in me?" And one of my mentors sat down with me and gave me this example. I call it the Lamborghini in Montana example. This is the exact example he gave me. And so I'm going to give it to you and follow along. Okay. So audience, I'm going to give this to you. You don't believe you can raise capital, right? All right. Sounds good. Well, let's imagine there's a Lamborghini in Montana.
Okay. It's worth about $300,000. We believe next week we This is a Lamborghini Aventador for sure. If we could fire this car for $300,000 next week. There is a family that has a death in the family. They're doing a trust sale. All the kids are fighting. The lawyers are all fighting. They're like, "We got to get rid of this car. We hate this car. It's what our dad used to cheat on our mom with. Like, we we're going to sell this car for whatever reason.
We're going to sell the car for 100 grand." Okay? And just go with me again. We believe it's worth 300 grand. We could sell it next week for 300 grand. It's in Montana. It's worth and they'll sell it for 100 grand. You must close Saturday at 2:00 with cash in hand. Okay, here's the here's the my scenario audience person I'm talking to right here. You could you find a $100,000 by Saturday at 2 o'clock to close on this car.
You can't use any of your own money. And my mentor asked this to me and I was like, I don't know, man. That's a lot of money. 100 grand. He's like, and I started to think about it. I was like, wait a second. We're going to make $200,000 on this if we can buy if we can do this and we're 100% certain we could sell it next week for 300 grand. Like, yes. I was like, you know what? I'm in college at the time. Like, dude, I could make $200,000 in a weekend if I can just come up with a h 100red grand.
And maybe I find an investor and we split the returns, right? He gives, he puts 100 in, we make 200 and we split it 100 100. And I started to think about it. I was like, you know what? I bet I could talk to a former a former boss, a college professor I'm working with, a co-orker. I have some friends from high school that made some money. And I started to think about, you know what, I probably won't sleep for the next four days.
I'll be knocking doors. I'll be talking to people, calling phones. But like I said, you you're guaranteeing this all these numbers? I'm like, yeah. I said, you know what? I bet I could figure out I bet I could find a h 100red grand by Saturday. I'm gonna have to claw tooth and nail, but I bet I could figure it out. Anybody in the audience, what do you guys think? This deal's in front of you. We have a buyer next week that'll buy it for 300 grand.
We just have to come up with 100K cash by Saturday. What do you guys think? Yes or no in the chat. Could you find 100 grand by Saturday? I finally was like, "Yeah, you know what? I bet I could do this. I'm going to make a I'm going to make a profit of a hundred grand in college. Like, yeah, I could do this." And then my mentor asked me,"Well, why?" And I said, 'Well, the deal is so good. Like, there's a there's 200 grand of gain.
These guys are idiots. They're selling this car for so cheap. Like, this and I said, "This is obviously a fictional example. There's no way this is real." And he goes, "Bridger, you'd be surprised how many deals like this exist right now." And this mentor of mine was managing billions of dollars in investment funds. He goes, "It doesn't typically happen with a car, but it happens with a business or it happens with a person who's in, you know, needs a loan, a short-term loan.
It happens across the market." Some of you guys are in real estate, you know, like you see deals like this in real estate or other places with distress sellers. They're in bankruptcy. They're in foreclosure. They have to sell assets. And he goes, "Stuff like this happens all the and and he goes, "Five minutes ago, you were telling me you couldn't raise money, but all of a sudden you're telling me you could raise a h 100red grand this week because the deal was so good." And he goes, "That's the secret right there.
When you're raising capital, what do you actually need to raise capital?" And I pointed out three main things. You had to have an a fantastic deal, something to invest into. And he goes, "When you pitch that Lamborghini example, you don't pitch that you're such a great person. You pitch the deal. You say, 'Guys, Mr. Investor, Mrs. Investor, I have this opportunity. This family will sell this car for $100,000. We have a verified buyer next week that'll buy it for $300,000.
We've had a mechanic look at the car. The car is legit." Like, where are we going wrong? We can put the money in escrow. I don't even touch the money. Like, let's just do this deal. You focus on the deal, right? Is that making sense? Now, if you have a good enough deal, you got to structure it. If you notice, I was just off the cuff structuring the deal, saying, "Hey, let's we'll split the returns 50/50." That's the structure piece.
Fund Launch AI also helps you structure that. If you go build your fund in inside of Fund Launch AI right here, so this will actually build out your full fund and structure of your fund. What's the terms, the fundraising, the investor terms are all inside of Fund Launch AI, all built out here. And then finally, if you if you saw, I thought through what's the network I could go to. So I I started thinking, okay, uh a former boss, someone I worked for, a co-orker, a friend from high school who's made some money, a rich uncle that I haven't talked to in 10 years.
Do I have who do I know? Can I just go knock on doors of rich people neighborhoods? You know, do I have friends whose parents are rich? Like, who could I talk to? Deals, structure, and network. Okay. And by the way, money loves speed. Money loves speed. There's an aspect of speed that money seems attracted to. If you can move quickly, if you can take action, when you see a good thing in front of you, you jump on it. Those are traits I've seen of successful capital raisers.
So, I take it back to us. You can put me full screen. For $30 million this year, we raised. What did we have? We had a great deal. We were launching our investment, our our fund launch partners fund, too. Great deal. great economics. We believe at least it's awesome. The structure of it, we'd already built that out. We used fund launch AI and other things to structure our fund and we had a network. We started to tap into pools of networks actually, which I want to share right now because you might be wondering, well, Bridger, you know, how would I actually do this?
Let's now go, that's kind of the simple example. Let's now go advanced. You guys cool if we go advanced right now? Give me like a yes or a hurrah in the chat. Does that sound fair? Let's go advanced. Okay. So, I'll tell you a quick story. Um, as I'm pulling this up, I'm going to share my iPad. We're going to do this in in real time here. Okay. So, let's talk about capital raising. Um, now we So, this is uh I guess two or three years ago and I'm I'm going to tell the story of Fun Launch Partners.
Okay. So, Funda launch partners. What is Funa Partners? Funda launch partners. We had ran fund launch for a number of years had done very well and we thought we have all these great funds that are coming through fund launch. What if we actually invested into their funds? We could write them give them capital and we would also buy in to their fund and help them run their funds. So like fund launch was over here where I don't know where our thing is.
Yeah, fund launch is over here. Well, I don't know if that's a good visual. Anyways, Fund Launch was producing like hundreds of funds a year. Let's pick the best ones. We'll invest, I don't know, one to$3 million into their fund and we'll buy as well, I don't know, five to 15% of their firm and we'll have we'll actually be general partners with them and run their fund with them. We'll bring all of our team and work with them.
This is called GP Stakes. By the way, we've done this with 17 firms so far. in Fun Launch Partners. It's actually pretty darn cool. If you see uh this is FunLaunch Partners website right here. Okay, so if it reloads, this is Fun. Oh man, we're loading here. Here we go. You can see it. Yeah, Fun Launch Partners. Okay, so this is what we do. We're a GP staking and GP seeding fund. You can see Lincoln uh my co-founder there at FunLatch Partners.
He helps run this whole thing. He's awesome. Okay, and our whole team. I'll talk about our team in a second. Okay, so we are we're like, let's set this fund up. This would be so cool. Let's let me go back to this. So, we're like, "This is a great idea. We are planning to raise $30 million to do this." This is our fund one. This is like three years ago. Let's raise $30 million. We can do about 20 investments from this.
This would be great. So, and and by the way, I've ran before this, I'd ran uh two funds prior. I had already raised tens of millions of dollars. My other partners had done incredible things. One of my partners managed $5 billion in his fund. another I mean we had some great partners, great team. So we get together like let's go capital raise. So what do we do? Well, we have us and what we found and you guys already know this.
People invest with people that what they know, like, and trust, right? You probably heard that before. It's pretty like, "Duh, Bridgetger, I've heard that before." Well, because it's true. people invest especially on a first-time phone with people they know, like, and trust. Like obvious. And so each one of us, me and my partners, we had like I think there was uh four of us, we all had our little circles of influence of people that knew, liked, and trusted us.
So we have our little circle here, and one of our partners, you know, we he brought in 500 grand. Another partner brought in, I don't know, a million. Another partner brought in I don't can't remember some money. and another partner of people that and I'm these little circles represent people that know, like, and trust us, that person. Does that make sense? That's kind of what I'm diagramming here. Okay. So, we had gone out and done this.
Again, it's a fund one. It was a hard time to raise capital. 2020, this is 2023 and four. Valuations were dropping immensely. We got together. We had raised I think collectively, don't don't quote me on this number, I think it was $2.8 8 million which sounds good but also we're trying to raise 30 million. Like we were like like that was bad. And we done we did webinars. I hopped on social media. I'm talking and sharing and we collectively raised a whopping $2.8 million.
Like dismal. My other fund had raised over $24 million actively in the same time period and but like for some reason we could not raise money for this fund. I was like what are we doing wrong? We have and we're like the fund people. This is kind of embarrassing story for me to tell cuz like I'm the fund guy. I'm the guy on on social media talking about funds and at events. I'm I'm on stage in front of 2,000 people talking about funds and how great funds are and how you can start one and how we're so great at it. and we launched our fund.
This this took us I think like a year. In one year, we had raised a whopping 2.8 million and we're trying to raise 30 less than 10% of our fund. We're like, crap, this is not good. Okay, one of my partners, Lincoln, kudos to him. He like steps up. He's like, I'll I am going to start figuring out I I'll put him here. He's like, I'm going to figure out this capital raising thing. Lincoln is not a capital raising person.
He didn't hadn't raised capital before. He's like, I'm just gonna figure this out. And so he starts pushing on this. He makes sure our data room, all of our materials are really sharp. Our spreadsheets, how we're running our whole process, very, very sharp. Again, the second one, we started to run a process. We can get into that more in a minute. Timelines, when are we closing, what are our dates? How do we hold people to a timeline?
Everyone wants to push things off. How do we actually have a structured timeline? Okay, but the thing I wanted to share was this. We we then brought in an advisor. Okay, and I'm going to draw a line. This is kind of our our fund here. We brought in this advisor. We'll call him Bob. Okay, it's not his name, but I just we'll keep him private for now. We brought this adviser in. This guy, he was going to be an investor.
I think he actually Sorry, he was an investor. He's one of our first investors and he's like, "I love what you're doing. Can I get some more, you know, stake in this business?" So, we gave him a few percentage points and we said, "Hey, advisor Bob, just be an adviser. Sit in on our our meetings with us every once in a while, but can you introduce us to your network of people that know, like, and trust you? Is that making sense?" And he's like, "Sure.
Yeah, I can do that. Now, guess what Bob did, though? He introduced us to one person. Tada. And you know, he was he was testing us. He's like, "Yeah, yeah, I'll introduce one person." Like, "All right." And so, we'll take your one person. So, Lincoln works with this one person, gives us the pitch, gives him the materials. And this is one of the secrets right here is it was incredibly sharp. Lincoln had got our stuff together.
It was sharp. It was a good pitch. We respected his time. Like we followed up on questions. We were responsible with the lead advisor Bob had given us. This person reported back to Bob and was like, "Hey, yeah, that Lincoln guy was really sharp." Fun partners, man. This is a quality firm. you know what I'm thinking about investing. And so what that did, it raised the status of Bob. Bob's like, "Oh, these guys are making my status go up.
I'll introduce a few more people." And so then he started introducing us to more people. And Lincoln did the same thing. Followed up, was sharp, was on point, took care of people. We then hosted a dinner and Bob invited, I think, seven or 10 of his friends, and we got to pitch those friends. We started to raise a little bit of money and we're like, "Okay, we got some traction here." And then what happened was this advisor Bob, one of these friends he brought in was another guy who loved what we were doing.
He was going to write a check-in. We'll name we'll call him Bill to keep his name private. And he said, "Hey, can I have the same, you know, can I be an adviser, too?" And we said, "Sure." We talked about it. He had a big group of people that knew, like, and trusted him. And he did the same thing. Gave us a few tests and he started introing us to all of his people. So if you see this little diagram, the circle, our little circle of influence went to another advisor, which was much bigger, which went to another adviser who had a huge circle of influence.
This adviser on his last fund, he was a fund manager, now retired. uh his last fund they were trying to raise $750 million. They raised they didn't raise $750 million. They raised $1.2 billion and they did it in roughly four weeks. I mean what a powerful network. Imagine raising 1.2 billion in four weeks on your fund. Now he was like fund four, fund five for them. They had an investor pool, all this stuff, but like he knew how to run a process.
And so Bill here, codeen named Bill, brought in a bunch of his network to our fund. Our capital raise went from 2.8 million. Remember our target was 30, right? We oversubscribed our fund at 32 million. We then closed our fund. Uh, and we did that. That last raise of about 30 million bucks was done, I think, in about 12 weeks, give or take. We spent a year by ourselves trying to raise 2.8 million. We then brought in some great advisors.
Tada. We did that. That was fund one. Isn't that kind of crazy? That's capital raising 2026. Now, we'll talk with I want to get to process in a second. We then opened fund two this year. Fund two is a $50 million fund. We went to all of these previous investors. We set up a good process, which we'll get to in a minute. And uh so we held our first close in June. We closed 30 million of 50 on our first close, which is pretty good.
Pretty darn good. Okay. Link. And this is credit to Lincoln and the team. Uh I don't take credit for this. They did an incredible job on this and really did an excellent job raising capital. And this again, this is this year, 2026. We are on pace, we believe, to do a final close of $50 million hopefully end of this year, early next year. Okay, we have some great leads and we're working on right now. So, I'm I we are actively in flight on capital raising.
Okay, is that somewhat useful by the way? Is that useful of like how to actually do this in 2026? Now, let's go. We're going to go advanced. Okay, I I told you I'd give you the advanced stuff. So let's talk now about process. Let me let me erase here because when you raise capital so often if if y'all are in the process of raising capital right now and you're using fund launch AI you're building your offering you're making sure if I go back to my other slide which was well I won't do it now but the things that you need right you need a great deal a great structure and a great network to go out to.
Okay, make sure you got a good deal and we'll talk about that more in a minute. Let's talk now about structure and and process would be a part of that and fun launch AI helps you with this and let's and then we'll talk about network. Okay, so process this is what we did. We learned this from uh Bill over here who kind of taught us his process of how he did 1.2 billion in four weeks. How do you run a process like that?
What did you do? Okay. Well, first off, again, have a great deal. I can't overestimate. Like, have great materials, things put together. Now, let's let's assume you have that. Let's assume you got something you want to invest into. You got that figured out. Process. Okay. So, what we did the and I'll talk mentality first. The mentality needs to shift from scarcity to abundance. So not scarcity in I'm talking your mind but to abundance meaning you are the pretty girl at the dance even though you're like no one wants to give me money.
You have to in your brain be like yo I have a great deal. Everyone wants to dance with me. I'm the pretty girl at the dance that everyone is hoping to ask out. They all want to take to prom. Like, I'm the pretty girl. Okay, I keep I say that say that to yourself in the mirror 10 times every morning. I am the pretty girl. Just kidding. [laughter] But that's the mentality like, hey, people want this. This is awesome. They are lucky to have the opportunity to invest in this thing.
Okay, that's how you got to think about it. And it's again it's like for us we had only raised like 2 million bucks after a year and it didn't we didn't feel like that but we had to reframe our brain. Okay what we want to engineer into this part of this process we are the pretty girl down they are lucky to be involved in the process. All of our stuff is put together and we're going to run a process. We're committed to the process.
So what is the process? Well, step one, we're going to have pre preliminary meetings. I'll call it premeings or pre-closing to soft circle. I'll say soft circle dollars and ask for advice. Hey, we're not even raising yet. We're just putting feelers out to see if this is something you'd have an appetite for. And we believe once it opens up, it's going to go quick. But what are your thoughts? What's your advice? By the way, asking for advice is one of the greatest hacks of capital raising.
There's an old quote, if you ask for money, you'll generally get advice. If you ask for advice, you'll generally get money. It's also a way to not burn relationships. I'm guessing some of you guys are like, "Oh, I'm worried about like burning a relationship with a friend." Don't burn Don't burn relationships. Go ask them for advice. Hey, what do you think? Do you know have 10 Do you have 10 minutes? I could run this investment by you.
We're soft circling dollars right now. We're we're looking to build new multifamily units in Dallas, Texas. I wanted to run it by you. See what you thought. Get some advice from you. People love to give advice. Start getting advice from people. It's a way to soft circle. Okay, so that's step one. Huge. That's a huge tip. Changed my life. Honestly, changed my life. Just ask people for advice. Hey, what do you think? People love to give advice.
It's awesome. Okay, so that's premeating step one. Now, if they've signaled interest, they then move to step two. If they haven't signaled interest, you just keep working on them and keep tweaking and helping out and changing stuff to help get them ready. And if they're not the right fit, they're not the right fit. Okay? Fundraising is often more of a filtering process than it is, you know, a like a I don't know, brute force process.
You're filtering down to people that match with your what your investment is. Okay. Step number two, let's say they are filtered. They have signaled they're interested. Okay. So, what do we do with those people? Step two, now this is where the process begins. This is what we did. Okay. We said, "Hey, uh I'll give you the exact dates. I believe this was it. This is earlier this year. March 1st, the data room opens. We are opening the data room March 1st.
And what a what is a data room? A data room is like all of our materials, our pitch deck, our spreadsheets, uh in-depth investor and bios. There's like 10 things we put in there. All of our legal documents are all in there. March 1st, the data room is opening. We are accepting indications of interests, IOIs. What's this? It's a one-page document that we provide. It's nonbinding that just says, "Hey, I'm interested in allocating, you know, x number of dollars." This making sense?
So, what they're going to do, hey, look at the data room. If you're interested in investing, send us back an indication of interest. We believe our fund and the reason for this, we believe we're going to be over subscribed. We have a lot of interest. We believe we're going to be oversubscribed. We're the pretty girl at the dance. And so what we're going to do here is see if we can give you the allocation you request.
See how this flips the script? This is beautiful. So, put down what you what you would like to have allocation size and we'll see if we can give it to you. Pretty girl at the dance. So, somebody writes down $5 million. This is a true story. In our first fund, we actually said, "Hey, we can't we have too much interest. We can't take your 5 million. We can only give you 3.2 million of allocation." Okay, that's the idea of indication of interest.
Now, once we have indication of interest, those are all due. And I'll put a little line here. Those are due um by April 1st, okay? Or the end of March. Those are due. At the end of March, we're going to open up our data room to a more public and and we're a 506c, so we can publicly market this, but like, hey, we have a big audience, people outside this. After this, we're going to go to a public opening of the data room and then we're going to have another close at the end of April.
So, I'll call it May 1st. Now, if you put your IO in now, we believe we can guarantee you the full amount. But if you wait till after April 1st, I don't know if we can guarantee you your full amount on your II. So, put in your indications of interest now. And so, what like see all the scarcity, the urgency that we put into this, like, hey, you got to get in. We're the pretty girl at the dance. Anyways, we got IIS back of I can't remember.
It was like $28 million. So then guess what we did on this? We then went to here and said, "Hey, we have indications of interest." This is to our outside group now of $28 million. We're only raising 50 million. We're doing a and we would just anchor a we're doing a first close of $30 million. And we're doing that close. I think it was like June 29th or something like that is our close. We're almost getting full. If you want to get in, you got to send it in.
Like hurry. We're filling up. And so all these people started to send their indications of interest in. And I I I I don't want to say the wrong number. I think we got I think we got up to about $40 million total of IOIS. We said great. Uh and we we parsed people back. We said, "Hey, we can what what is the allocation amounts we can give you?" You know, because we only want 30 million in this first close. We then then we sent out subscription docs.
So, they're going to actually subscribe and sign to the fund. Now, of that 40 million, you know, some people fall out, some people get busy, some people can't fulfill it anymore. That just always happens. Let me erase this. And so, that led us to June 30th. or June 29th, we closed on roughly uh about $30 million on our first close. Okay, now you're like, "Okay, that sounds almost too simple. This process is magical if you stick to it." The alternative, this is what most people do.
They don't have a process. They just say, "Hey, I I have an investor interested on step one." Great. Uh Mr. your investor. Great. We're ready for you whenever you want to invest. Here's some documents. Just sign when you're ready. And guess what that investor does? Oh, yeah. Let me look at it. I'll send it to my legal team. Let me send it to my CPA. And they wait. And they wait. What's the update on the fund again? Oh, yeah.
I forgot. Sorry. We were on We were on vacation last week. Sorry. Oh, yeah. We'll get to it. And months go on and months and that person doesn't invest. Your odds drop every day. They don't invest. What this process does is gets them in and gets them working. Pre meetings. Hey, we have a data room opening. If you're on vacation, sorry, we got other people interested. You better look at this, right? When and and and maybe if you don't have time to look at it, at least send an indication of interest in so we know that you're serious and we at least can get you an allocation.
We might not be able to fit you into this round. And a little bit of this you are bluffing a little bit sometimes because you know you're just starting out. You might not have anybody be like, "Hey, we have people we think are interested." Send in your indicator of interest. The deadline is April 1st. You got to have deadlines. You got to stick to your deadlines. Otherwise, investors will just wait. There's no reason to close.
You got to almost manufacture urgency. You have to just set deadlines. And guess what? Why did we pick March 1? because we picked March 1st. There was no big reason for March 1st. We just had to pick a date. And so we just decided March 1st the date. Why did you pick June 30th? Because we had to pick a date. We just picked it. And it was before July, which is hard to raise money. We said, "Hey, we just got to pick a date and we got to stick to our date." Now, we also did have a deal that was closing that helps as well.
We had a deal closing right around this time period. So, I was like, "Hey, we need to close around June 30th because we have a deal coming up right now. This process is absolute gold. This is how we've gone and raised $30 million this year. This is how we tap into our networks across the board, okay? With Bob and Bill's adviserss, people that know, like, and trust you. Once we got talking to them top of funnel, we then started working on this process to get them going.
All right, I'm going to pause for a second. Is that making sense? What questions you have? What can I answer in the chat? Type in the chat what you all have and and I would love to work with you for a second here. But this is how we have again I've raised between my funds $84 million of equity raised in our funds. We manage over $640 million of portfolio aum inside of our funds right now. So yes, this works in real time.
I have living proof this works. Um and this is something you can build inside of you know what we build with fun launch. By the way, as we're dropping questions, so Fund launch AI, what I mentioned earlier, you're welcome to go create a free account, um, we are also building right now all a lot of these capitalizing principles into Fun Launch AI. So, we're coming out with what we're calling Project Artemis. We're prototyping right now and building it.
Project Artemis is coming soon, which is all Artemis is the god of hunting in Greek mythology. The god of hunting. How do you hunt and, you know, hunt for investors? So, Project Artemis is all around investors. It's coming out soon. We're working on it right now. I'm pretty excited to share it with you guys. But this is built into Fanchia. You guys can come start with Fanchi for free. Also, if you need to run or go somewhere, book a call with our team.
We can talk you through more of this. We help funds every day. People raise capital. So, we'll drop the link in the chat. Go book a call and and create a free account. And I uh I want to answer some questions and maybe work with you some of you guys oneon-one. If you're if you're available to come on live, um say like, "Hey, I'm free to come on live in the chat and maybe I'll bring you on. We can talk face to face." Okay?
If not, you can just type it in the chat. No worries. Um, but we'll go from there. There we go. Sorry, I just logged in on my computer. Can you guys re redrop questions? If you have a question, I didn't answer it yet. Drop it again in the chat. Like reset for me. Does this work for business acquisitions? Great question. Um, yes, totally works for business acquisitions. Now, with business acquisitions, uh, the distinction I would make with a fund, you're going to do multiple deals.
With an SPV, you're going to do probably one deal at a time. Both work. This this capital raising process works for both. Fund launch AI. Uh, in the next week or two, we're coming out with all SPVS and syndications. So, we can actually help you on both sides, whether you're raising for a business acquisition or you're raising for a full fund, which would do like seven to 10 business acquisitions. Like, yes, this totally works.
Yeah. How much percent of the fund do you give to the advisor? Uh, I won't share what we did just because that's private, but uh, typically advisers, and you can leave that there if you want. Um, typically advisors are anywhere from between, you know, half a percent all the way up to, you know, five, even 10%. You know, it depends on how good the adviser is and what kind of things they're going to do for you. So, depends on what you're doing.
Um, you know, a good starting place is I like a dating period with advisors. So, hey, let's date before we get married. So, maybe it's a half percent of your business, but then you say, hey, if you help us in these certain ways, maybe you can earn more and go from there. Pretty cool. Yeah. Um, are we getting an echo? Somebody says we have an echo here. Is this one? Is this mic off? Let's make sure that one's off. Should be okay.
Anybody else getting an echo? Hopefully that's fine. Can you help beginners? Yeah, if you're a brand new beginner. Okay, this is perfect. If you're a brand new beginner, this is what I would tell you to do. Go to and we'll drop in the chat fun and oh, I got to switch my screen. Thank you. Give me a second here. If you're a brand new beginner, we're dropping the chat. You go to funlaunch.comtraining. I've put together about a 45minute training.
You can turn it to 1.5x speed that walks through allound investment funds. So you'll see it in the chat, but also you can just type it into your browser fundaunch.com/training. You got this this handsome dude here. What a cool looking guy, man. He must be really cool. Uh that guy right there, some really look good-looking stud. I don't know who this guy is, but he is freaking stud. you can learn from this really cool dude on how funds are put together.
Uh how they work, how SPVS work, the fund launch formula. I don't have time today to go through all this. And then if you would like, you can book a call with our team. So we have our adviserss. They sit down and work through your fund with you or your SPV, what's going on, and we make custom solutions for you, which is pretty cool. So that's funlaunch.com/training. If you're a brand new beginner, this is a great place to start.
Secondly, I'm kind of a visual learner. I'm kind of a active learner. If you're someone that's like an active learner, I would go to funlaunch.com. Say, can they see my screen still? I would go to funlaunch.com right here and you can go create a free account. So, if I go to like incognito, uh you can come right here and say, "Hey, I'm building just just build one for fun. It's free." You'll you'll say, "Hey, I'm building a real estate fund." uh you know, or let's do the private equity one.
I'm doing private equity. I'm buying a I don't know, tattoo shop. Um located Did I spell tattoo wrong? Located in I don't know, San Diego, California. How do you spell tattoo? Oh, two T's, two O's. Dang, that's crazy. Sorry, I'm a bad speller. I'm a little dyslexic, as you can tell. I like I I you know, I'm not some like perfect person. I've just figured out a few things that work. I'm buying a tattoo parlor. It can say, "Hey, maybe you're buying it for five million bucks." Cool.
You can actually put this in. It'll it'll go through and create an account for you. So, you want light or dark mode. Uh it'll ask you how you heard about us and it'll onboard you to the platform. Then you can go and actually build out your fund. And I'm a very, you know, active learner. So, when you're inside of Fun Launch AI, I'll go over here. You can just chat with this like, "Hey, um I'm looking, you know, I'm looking at buying a atar." actually work with you in the context of your fund.
Now, what's also cool is half the time it's like, I don't know what questions to ask. Well, what's cool is you can come in here and start working on your fund, like legal and compliance. That's kind of scary for most people. It's like, hey, let's look at the regulatory things. Let's look at uh what are my tax distribution policies? And it's like, uh, I don't know what that is. I'm thankful it brought it up. It's like it's in one of these bubbles.
Let's hit get insights. What is a what's what even is a tax distribution policy? If you notice on the left hand side here, it's actually going to teach me what is a tax distribution policy in context of my entire fund. And this example was for the Dallas, Texas fund we built earlier. You can see here um enabled the true RD in the green. Oh, let's see. Let me scroll up. What is this field actually does? The tax distribution provision provides the fund to make mandatory cash distribution to partners both LP and GP sufficient to cover their estimated tax liability on their allocated share of fund income.
Now, that might be you're like, I still don't get it. You could say, "Hey, can you make this more simple and teach this to me like I'm in third grade?" So the this fund launch AI in context of your fund will actually kind of dumb this down, make it a little more simple and teach you what is a tax distribution policy. All right, here we go. Imagine your fund is a lemonade stand that you run with your friends. I'll zoom in so you guys can see this.
Every year the lemon the lemonade stand makes more money, but instead of putting the money into everyone's pockets right away, you save it to buy more lemons and grow the stand. Here's the problem. the government still wants their cut, even if you haven't handed out the money yet. So, your investors get a tax bill for the profits they never received in cash. A tax distribution policy says, "Before we do anything else, we hand everyone just enough to pay their tax bill." Oh, okay.
That makes a little more sense. Like, tada. So, you can actually spend time on here and you're like, "Okay, I now I get what tax distribution policies are. Let's look at a tax composite return." Like, what is this? You can actually this is your full education happens right here and if you ever get stuck or want more we do um you can see here office hours most days of the week we're going live with people teaching and training just like today's call where you can see we're live right here you can join our live streams we have Dustin Gomez he went live earlier he actually runs a bunch of awesome funds he's done very well uh tomorrow we have a series 65 study group which is a um that's a license you need Adam Campbell went live with finance on Monday so you get to meet really cool people be a part of this.
So again, if you're a brand new beginner, go to funlaunch.com, create a free account or go to funlaunch.comtraining and you can actually go through the the live training. Okay, pretty cool. What other questions you guys have and maybe I'll bring on a few people live. That's great. Uh yeah, thank you for dropping those links in the chat. If you can keep dropping them team, that would be excellent. Is Tribe company? No, we're not affiliated at all with uh with them.
Jack, that sounds great. I'll check out your training. I appreciate what you built. Very cool. Jack, I'm building a fund for scientific research and commercial commercialization of solutions built. Very cool. Yeah, we have a number of funds that we've worked with that do biotech or scientific research for whatever piece it is and it's I mean really cool. Great way to raise money. They get money and we've have we've had a couple groups do incredible I mean some I I don't want to say who they are and what they've done but man it's like so exciting.
Yeah. I don't know much about acquiring assets, but I'm a math guy. Um, you can even share my screen. I've grown my personal funds 100% over the last two years in the stock market. Can starting a fund around my investment strategy and how do I generate interest in finding edges in the stock market? Um, yeah. So, with the stock market, that would be a hedge fund. So, hedge funds trade in the stock market. And so, you would come to Fund Launch AI, something like this, and you could actually build out your fund.
You do a hedge fund. It'll actually walk you through the dependencies of how to build that fund if you're trading really well and have a great track record. That's how you'd start with a hedge fund um and start building out from there. Uh from the YouTube live, do you teach how to build a team? Great question. Uh yes, we have other videos that talk about teams and building teams. Actually, we can talk about that right now though.
I think it's a great question. How do you build a team? How do you actually build people around you? Um so, let me share. I'm going to unplug here and switch over to here. Let's talk about building a team. Once it loads up, if you can share this. There are in every fund or every type of business, there's three main roles in these funds. Let me grab a drink for a second. So, these are the you can see on your screen here.
These are the three main roles in a fund. Now, I say roles, this could be one person. This could be two people. This could be 20 people that do all of these roles. But all three roles need to be figured out and covered. What are these roles? Well, you've already read ahead here, but this is the person who is the expert investor. They do manage all the investments. What's the like what are we actually buying, investing into, lending on?
The fund manager. This person manages the operations of the fund. So, all the tax, the reporting, the compliance, the legal stuff is all here. And then third is the capital raiser capital markets function. Um in ugly unicorn in my fund um Bridger I do this. Oh I got to make a little bit smaller here. Bridger does this and Bridger does this. My partner Dan who was on Intel's board of adviserss. Uh he does and he's an awesome partner.
He does a lot of the expert investing and he does the capital raising. So we both do capital raising together. Bridger does this and Dan does mostly this. That's how we do it in fund launch partners. Um we all actually kind of help across the board, but we have a few main partners like Lincoln is right over capital markets. Um Adam is right over this and Trenton does this and then me and Mason kind of help out on all these as as groups from there.
So there's different ways to structure things. Now let's talk about finding partners. Okay, that was the question originally. This is a great question. Um let me move this out here. So let's talk about partners. And I I my favorite analogy well I'll give you the this a real quick sense. I have some incredible partners like my one partner Dan Dan Young Intel's board of adviserss for 17 years on you know Intel the chip company out of Silicon Valley like Intel like huge company multiple Inc. 500 winner.
He's done over 500 million in revenue in his companies. Seasoned entrepreneur. He is twice my age. Why would Dan partner with At the time I was Bridger was 27 years old, you know, had a few good things going on, but why would he partner with me? Well, I mean, I've done some cool stuff. I think I'm a pretty cool guy, but I knew things about funds that Dan didn't know. I was a I had ran multiple funds. I would call myself a level 10 entrepreneur in this category right here, maybe nine and a half.
And he had no clue how that worked. Even though Dan was good at this and good at this, he's like, I don't know how funds run. And this, by the way, if you are young or new in the space, if you can learn about funds and go on Fun Launch AI and just play and learn, you start to attract partners like someone like Dan Young. We ended up partnering uh we launched Ugly Unicorn together. We're 5050 partners still to this day.
We raised 10 million our initial launch. Uh and now we've we've done pretty well as a fund. It's been awesome to run that together. Okay. Um I like to use this analogy though of dating. You know, usually when you're dating, people always have a scale of like one to 10. You know, the hotness scale. Oh, is he or she like a one or a 10, right? I think the same thing is true with business. Okay. Are you one or a 10? Now, in dating and business, if you're a level 10, if you're a 10, you probably want to date other tens, right?
What's the easiest way to date to date a 10 is to become a 10. Like, that's the truth. If you want to date a level 10, be a 10. If you're a level eight, you're probably dating level eights right now. Occasionally someone who's like a six dates a 10 and we make a movie about it because it's so awesome. But in everyday real world life like people, you know, like likeness attracts likeness. So business is the same way. If you want to attract level 10 partners, you got to be a level 10 partner.
Now, do you have to be a level 10 in every category? Maybe not. In our scenario, I was a level 10 or maybe close to that in one category and because I was good at that category funds, Dan who was a level 10 entrepreneur in other categories wanted to partner with me. Does that make sense? So, I would start sharpening your own axe, start educating, start playing, start working on this. And so when you know the definition of luck is right opportunity meets you know preparation.
Start with your preparation right now. Okay. All right. Put me full screen. What if I don't have a deadline? Create a deadline. Create a deadline. Most of the time you won't have a deadline. And by the way, you probably won't have a deadline for anything in life. I mean you're on this call. You're probably curious about building your own business or launching a business. You can just wait if you want. You could wait till next week or next month or next year and nothing happens.
I have a friend uh he's been talking about starting a business for I don't know two and a half years right now and he loves to oh yeah like we're thinking about it. We're going to put some stuff together and I'm like dude it's been almost three years. Nothing's happened because there's no deadline. He can always wait. Well, and now we're traveling this weekend. I got a kid's birthday and then ah the holidays are coming.
It's almost it's almost Halloween and then oh then it's Thanksgiving and then oh my gosh it's Christmas and then the year is done. Today's September 10th. That's how many people think. I thought that way for a long time. I was a entrepreneur for a long time. I was not an entrepreneur. I was a entrepreneur. I started six businesses my first two years of college. I love to talk about business. I love to share about it.
And finally, something shifted in me where I'm like, I have to be an entrepreneur. I have to just make stuff happen. When I see something good in front of me, I'm just going to go. I'm going to do it today. I'm going to stay up late. I'm going to work on my computer. I'm just going to start solving problems. I'm not going to wait too much. You might be sitting right now like, "Oh, this looks so cool, Bridger. Like, what a cool thing you've talked about.
We have fun launch AI. It's never been easier to launch a fund. You know what? I'll do it next week, though. You know, I'll do that training. I'll do it. I'll do it later. I'll book a call in three weeks on once I'm back from my trip. And the reality is, you won't do it. I won't do it. Like, I I had to learn through experience. You have to just do stuff. You have to go allin. I'll share a story. Um I'll share two stories that give the same point.
I had an entrepreneur professor in college. He's like, "Bridger, when you have an idea on a business, you should go after it for three weeks with a $500 budget." I was like, "What do you mean?" He's like, "You got to set a timeline and a budget. Don't be sitting on ideas for long period of time. Just go do as much as you possibly can do in three weeks. And at the end of three weeks, then you'll make a decision." And I love the word decision.
Decision is Latin based. It means the you know d means to cut and and sision or to cut off from. Sision means to cut like incision you know like a a scalpel a surgeon makes an incision. Sision means to cut. Decision means to cut off all other possibilities. So at the end of three weeks you have a decision to make. You're either going to go forward on this thing all in or you're going to cross it off the list. No more of this sitting around thinking about entrepreneurship stuff.
And that was one of the moments I shifted from an arapreneur to an entrepreneur. And I was like, fine, we'll try it out. We had this idea for a business. We started building it. We spent three weeks on it. Me and my my partner, we went all we were in school. I still was working, but like nights, weekends, every waking moment like, "Let's just go at this thing. Let's try to get pre-sales. Let's try to get pre-orders. Let's try to get customers.
Let's try to get people lined up. Let's have meetings. Let's just try stuff out." At the end of three weeks, we had actually found some validation. We then said, "Let's go after this business. Let's spend this." And then the next decision was we're going to do seven months on this business. We set a timeline and a budget. And that was actually when we launched Fund Launch. That was the business fund launch. Our next month, we did around $80,000 in revenue on a break even funnel.
We then launched uh we did our official launch, we did about $140,000 of sale on our launch, which was crazy. Our next our first full year of business, we did about $2.5 million of revenue. That's how and then fund launched. We then next year we did like four and a half million and we went up from there and up from there. We then got listed on the Inc. 5000 of fast growing companies in America. We've now helped over 400 people launch funds.
The last year we have spent building fund launch AI to accurately help you build out your fund. Bring real lawyers in the loop to build your fund and uh it's because I made a decision. I started I decided to move on something. It's turned out pretty well. I've done you know we've done pretty well with Fun Launch. So today you have an offer in front of you and it's not even an offer. It's like free. Go play with Fun Launch AI for free.
Start building out your fund. Book a call with our team. Our team can hop on with you. You can share my screen here. Go to training.fundlaunch.com. You can start building out your fund. I would not push this off to later because you probably won't do it. Like make a decision. What what do you have to lose? There's no credit card required. You can just go start. Just start playing. It's never been easier. Start learning about this space.
This is the number one category of billionaires. They run investment funds. There's not a better business opportunity on earth than running investment funds. All right. What other questions you guys have? Drop them in the chat. Do we need licenses to do this? Um, depends on what you're doing. If you're doing um actually if you go here, I actually just jump ahead. So, in this training right here, um, we actually talk about licenses right here.
So this section is all about licenses and what kind of license uh just a quick summary many funds you can be an exempt reporting adviser and not need a license. So you actually can see that right here uh on what licenses you may or may not need. So I'll just leave that there. It's fun.com/training. You guys can go watch that video. All right, let's head a few more questions. Jack says, "I I literally made business cards that said want entrepreneur back in ' 07.
Took many failures to get things right." I love it. It's a great term. I That term like changed my whole mindset on on what I was doing. Let's do this. I actually want to build a fund live with somebody. So, if you have a fund that you're looking to build right now, type it in the chat. Maybe give me one or two sentences on what you're doing. And uh I'm hoping someone can come on live with me. So if you have a camera on or if you have your mic on, I'm going to bring someone on live.
We're actually going to build your fund live with you if someone's available. So type in the chat. I have nobody picked already. It's not predetermined. This is actually truly live. So type in the chat, one or two sentences on what you're building, um what you're putting together. I want to pick someone that's, you know, in the right stage to build a fund with. And then uh if you can turn on your camera and mic and I might I might call on you to come on live and we'll build it together.
So I'll give you a second here. Type in the chat while you're doing that as we're as you guys are typing out um back to um this process on capital raising. You know, when you go to process, someone asked like, "How do I how do I put deadlines in?" Sorry, it's loading in. It's loading in. How do I make deadlines a part of my thing? Um, you create deadlines. Now, a great way to create deadlines is actually having deals lined up and closing dates on those deals.
Sometimes your deal pushes the close. It's kind of this chicken and the egg problem. The chicken The chicken and the egg is this. you have a deal. Maybe it's a a real estate property you're going to buy. Maybe it's I don't know investment you're going to make. If you're trading stocks, it's like, man, what do I do? It's like, oh, we have this interesting thesis on the market we got to act on. And then you have capital.
So, you have investors lined up. And what's funny is to close on the deal, you need capital. But for capital to come in, they want to see the deal. And so you won't get deals unless you have capital and you won't get capital unless you have deals. So how do you actually get over this inertia and a little bit you kind of have to just start moving. You got to start talking to capital. You're digging a well before you need water and you're starting to work on deals.
You're starting to review deals, investment thesises, what you're doing. Um for hedge funds, people in the chat, if you're trading stocks, it's like, okay, we have this thesis in the market. There's this shift. the Fed, we're, you know, the Fed's meeting uh soon about interest rates. Like, we think we can capitalize on this opportunity at hand. We have midterms coming up. Whatever the thing is, it creates urgency for capital to come in.
It's easier on like a, you know, hey, we have a real estate deal. We have to close by October 15th or else we lose the deal. So, capital, we got to get you involved and vice versa. So you start you kind of are doing this wheel to get your first deals in the ground and start moving on that. Okay, that's how that's kind of how you'll start building out and getting momentum. When I look at this closing process, um when we're talking about capital raising, this is kind of the this isn't kind of this is the framework that we use for capital raising.
There are three main buckets of capital raising. So there is getting in the room, connecting in the room, and closing the room. And again, you guys can go play with Funla AI or go to fun.com/training. We'll drop it again in the chat so you guys can go see that. Click on that link right now. You guys go go book a call. Okay. When we talk about raising capital though, this is kind of top of funnel. How do I get in more rooms with wealthy people?
How do I actually get around the people with money? connect is, hey, I'm I'm around people with money, but how do I get them warmed up to the idea of me managing money for them or them investing in something can kind of be hard. And then finally, how do I actually get them across the finish line, which is what we just talked about a few minutes ago. This is like that whole process I just talked about. and you're trying to engineer, if you've ever read the book influence, and many marketing books talk about these same principles, the seven principles of persuasion.
Do you have authority on this subject? What's the scarcity and urgency, the timeline of this? How many people are coming? Is there limited spots? Getting commitments, indications of interest, huge. Is there social proof? Who else is joining? Is there reciprocity? I give you a gift, you give me another gift. liking. Do I actually like this person? And is there a community? Hey, we have a bunch of investors in our investors.
Once a year, we play golf together. We go out doing this. Um, anyways, pretty awesome. Okay, so that's the seven principles of persuasion that put this together. Okay, now getting in the room and connecting. We can talk about more in a minute if you if y'all would like, but uh getting in more rooms, there's just there's already I I'll say this. There are already wealthy people already hang out together. Wealthy people already hang out together.
You don't need to reinvent the wheel. You just need to go where the wealthy people are. So, where are they? Well, I kind of put it into two buckets. You can work your way into these rooms or you can buy your way into these rooms. So, there's like the Ferrari Club of Dallas, Texas. Guess what you have to be what what you have to own to be in the Ferrari club? A Ferrari. That's buying your way in. And guess what? Everyone else in the club also owns Ferraris.
So, pretty cool group to be in. They're already hanging out together. Wealthy people are already together. Box seats at a, you know, an NFL game or an NBA game. Those are wealthy people. They're already hanging out together. Okay. Pay to pitch. There are angel groups listed all around the country that you can pay to pitch to be a part of. pay-to-play networking. Uh this year we joined a group. I think it was like $130,000.
To be in a group of uh sent to millionaires, meaning you have to have a hund00 million net worth or above to join this group. I joined another group. It was 150 grand a year. We joined another group. It was 30 grand a year. These are all paid up. You have to buy your way into these rooms because wealthy people are already hanging out. Country clubs, uh lounges, you name the thing. Now, you can work your way into these rooms as well.
LinkedIn, wealthy people are on LinkedIn. It just takes a lot of work. Okay? Free networking groups. Wealthy people sometimes go to those. They just take a lot of work. You got to work the whole room. Real estate meetups, social media, events. These both can work. It just this takes a little more work. This takes a little more money. Which one do you want to do? Now, I believe you should do both. Do a little bit of both.
That's like the magic. Okay? Okay, do a little bit of both of these and uh that'll help you actually get the the best bang for your buck of getting in more rooms with wealthy people. Okay. Um and then how you connect, we can come back to that later if you'd like, but how do you actually warm people up? I love asking for advice, not money. Uh bringing people into my deals, getting them on my list. We can talk about more in a minute.
Um how to warm people up. Someone asked, "Is there any females doing this in your program?" Yeah. Yeah, we have a number of females. We actually have a number of female adviserss as well. So, let me share my screen. Um, here we go. Hopefully, it pulls there. So, inside of Fun Launch AI, uh, we actually have real world advisors that are inside of the platform. So, if you come here and go to consulting, you'll actually see real people here.
So, you can see, uh, someone like, oh man, they got reorganized on me. We have Maddie Damore, one of our adviserss, Rhonda Kilch, um, she actually is running Mentor Box now, which is really cool. Runs her own private credit fund as well. Uh Tanya, she's written a self, she's an executive coach, written her own book. Um she's going to be on the cruise next week, which should be pretty fun. And I guess that's it for now on here.
We had one more listed, but I guess she's not listed on here. So yeah, we have a number of adviserss in listed on the group, which is pretty cool. By the way, I mentioned our events. We are going on a cruise next week. It is sold out, so I apologize. Um you might be able to get on backup list, but it is sold out since six days. the Fun Launch Cruise. We're also holding an event at our office uh next January as well. So, you guys want to be a part of the Fund Launch Group and and Pro membership, book a call down below.
You guys can hop on a call with our team. We can talk to you more about it. All right. I have a client who needs financing. Okay. Uh maybe you find it maybe a hard money lender buy a an offlemon Ferrari. Yeah, pretty cool. Okay, pretty awesome. Um well, hit that in the link. We'll go on there. Any any questions on YouTube? Got from there. Okay, sweet. Oh, I mentioned I would I was going to build a a fund with somebody.
Okay, let's see. I have two clients. Well, we don't we want to work on you, not your clients. I want to work on you. One needs So, you need clients that need financing. Um, they need three million. Maybe a a lender would help you on those ones. We actually have a number of lenders in our group. Uh, when you join the pro membership on Fun Launch, um, in here, if you share my screen, we actually have a full community of our black card community.
This is actually one of the coolest pieces of fun launch. So, it's on Slack. It's a membersonly private Slack channel. We have a ton of people in here actively doing deals, talking with people. We do all of our office hours here. People can message me. Um, but you see on our deals channel, tons of people are doing deals, dropping what they're building, buying. These are all active uh members of our of our, you know, pro membership or blackard membership.
And so, you can see what people are doing. We've actually have a number of people that have funded or done other cool things in here. So, actually, um, this is actually Percy right here. This is the guy I mentioned earlier. He bought a a 200 unit apartment complex, dropping in his deals. So, we have a deals channel. We have events channel. Here's our Cabo cruise we're going on next week. You can see all the people talking about it.
They're excited to go. Um, we have our, you know, hedge fund channel general. We have, you know, you can come introduce yourself in here and get to know some people. So, it's pretty cool. We have, we actually have some awesome people. And you can actually message me privately in here. You can see my private messages here as well. All right, we'll go back here. All right, y'all. Pretty great today. Let's do this. Um, final call.
Book a call down below. You guys can go from there. Uh, and and go play with Fun Launch AI for free. Hopefully today was useful. Was today something for y'all? Is that pretty nice? You guys could go and actually build out your fun launch. We talked about capital raising, how it's put together. I'm going to wrap up today's call. You guys are amazing. We'll talk to you later. We'll leave that link live on here for one more second.
So funlaunch.com is where you got to go to build a free account. And then funlaunch.comtraining is the free training. I'll share them one more time on my screen. So here is funlaunch.com. You can go and actually build your whole fund out right now, which is pretty amazing. And then you can actually go to fund launch. Um here it is. This training is about an hour training of me breaking out. It's all cut up so it's fast.
So you guys can actually learn all about funds. Um my full fund launch formula, how funds make money, how they're put together, and you can and you actually can book a call with our team down below here if you'd like. All right, y'all. Fun being on today. Thank you guys, and we'll see y'all later. Bye-bye.
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