Raising $800k to Buy an $8m Business as a First-Timer

With no finance background, Kevin Bibelhausen learned to raise money from investors & buy a 20-year-old fabric business. Topics in Kevin’s interview:His health crisis that led to a career changeLosing funding at the last minuteRaising $800k in 5 weeksAutomating his money-raise process with investorsThe value of being active on TwitterAcquiring a $8m business using very little of his own moneyThe ideal number of investorsWhat attracted Kevin to Heritage FabricsManaging working capital with a long sales cycleHis investment fund, Fruition CapitalLinks and how to contact Kevin:LinkedInTwitterFruition CapitalSam Rosati’s Investor ListNick Haschka’s episodes on Acquiring Minds:How One Small Acquisition Led to 9 More in 5 Years6 Ways Buying a Business Has Changed Since 2016HBR Guide to Buying a Small BusinessLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition Lab Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds: See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter