587: David Kidder | How to Raise Money Through Networking

It’s no secret that it takes money to make money, and David Kidder has a strategy that will propel you forward to gain the capital you need to either start or scale your business in a way that I think we are all familiar with by now but with a perspective you may not have thought of.  David Kidder is an entrepreneur, keynote speaker, and an angel investor in over 40+ startups. He is currently the co-founder and CEO of Bionic, which unlocks new growth for the world’s largest enterprises, based on the tools of venture capital and entrepreneurship. Previously, David co-founded SmartRay Network and he is the co-author of the New York Times bestselling series, The Intellectual Devotional, and The Startup Playbook. With such a rich resume and wealth of experience, I’m excited to dive right in and learn more about how to raise money through networking from the master himself. Things you will learn in this episode:  [00:01 - 06:06] Opening Segment Sponsored ad  I introduce today’s guest, David KidderAngel investor CEO of BionicAuthorBe sure to check out guestio.com and start bookingDavid gives us some background on his story Grew up in upstate New York Lack of resources growing up Opening and closing doorsFinding purpose in the time you’re given  [06:07 - 14:50] Finding Your Path, Passion vs. ObsessionDavid talks about finding your path Don’t chase money or opportunity What do you care about, and why you? You can’t fake it The difference between passion and obsessionHow you want to spend your time vs. HAVING to do something Passion doesn’t ask the hard questionsObsession causes you to care more about the outcomeDavid shares about tools to deal with stress The kinds of fear Zero-sum fear leadership Leading yourself The importance of mindset Time, place, and talent A word from our sponsor [14:51 - 28:12] How to Raise Money Through NetworkingWho you know or what you know?What you knowRelationships have to come from a place of giving value The ‘what’ is knowing yourselfDavid’s tactics for people raising capital through building relationshipsWhat you do to create value - the follow-up The lure you use - stating what you care about to attract the right peopleKnowing what you care about Being able to ask for something Asking creates intention which creates conversation Energizing outcomes Closing someone on your ideas Capital raising is a full-time job What is the strategy Understanding the goal and jobs of the investors The questions to ask [28:13 - 35:02] Closing SegmentA relationship that changed your lifeSurprising Investment relationships that created value for David David talks about the tests of relationshipsPeople who are all in RaNDoM RoUnDHow to engage with David Links belowFinal words  Tweetable Quotes:  “Some doors that close are simply because of effort… and some others doors open because of other things like I was good which was creating.” - David Kidder “It's sort of like a lure, you only want to catch certain types of fish… Being out there and stating what you care about for people to find you is the first step.” - David Kidder “How can you create value for them [investors] if you don’t understand their job; what their goal is? I think it’s really important to understand the jobs around the table and the outcomes of the goals.” - David Kidder Resources Mentioned: New to BigThe Startup Playbook Connect with David on Twitter and LinkedIn. Go check out https://www.davidskidder.com/ to unlock growth and go on the offensive!  Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people.  Jump on over to travischappell.com/makemypodcast and let my team make you your very own show! If you want to learn how to build YOUR network, check out my website a travischappell.com. You can connect with me on Facebook, Instagram, and Twitter. Be sure to join The Lounge to become part of the community that’s setting up REAL relationships that add value and create investments. Visit https://porkbun.com/BuildYourNetwork24 and get your .PRO domain for just $1 for the first year at Porkbun! Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy