You need to be certain type of person to do this - I know some people who would just fit in. Introvert person will no do that. It is not the only way.
Yes, true. It tough to be introverted but sure if you are exceptionally intelligent and or clever you will make it as an introvert type.
Wow, thanks for all the replies. I agree with what many of you have said. The power of networking can never be underestimated. If one would try to raise capital "the networking way", do you think it is better to just "hang" in places where a lot of wealthy people tend to be, like marketsurfer suggested? Or is it a better idea to more actively target some wealthy people? I mean like talking to a friend who knows someone, who knows someone, who knows a rich guy, and try to get an introduction that way?
Well just being around people won't lead to them throwing millions at you. Trust has to be established before anyone signs a check. Do you know anyone who knows wealthy people ? Mutual friends are the easiest ways to work your way into someones circle.
Yeah, I see. Sort of. I have a relative who has a friend that has been working for an insanely rich guy. Im going to call her and talk but it probably won't lead to something since working for someone doesn't necessarily mean that they have a good relationship. Other than that I don't know. I guess trying to become friends with people who knows wealthy people is a good starting point at least. And even though it might not lead to getting money, its always fun to meet new friends
If you do decide to "target" a Gecko, make sure they are hedge fund investors first--- we had a real hedge fund investor who invested with the first HF company I worked with-- this guy was invested across 100 plus different hedge funds, he would automatically cut the bottom 10% of performers every couple months and that capital to the top 10% of performers--- as long as you didn;t fall into the bottom 10%, you kept the investment capital-- Say lock up period to this guy and he simply would not invest. fast money-- surf
A lot of allocators, by mandate, are constrained from accepting a lockup provision in an IMA, regardless of their view on the manager.
Yes, excellent point that few emerging and wannabe managers understand when they are making projections for their operations.
Do you find investors for hedge funds for a finders fee or commission? Was it the post where you 'guaranteed' YM was going to 13k that had them seeing $$ ?? Are you registered or licensed to bash TA ???