Use credit, its a business expense-- fly cheap, stay cheap-- hang in the bars and swimming pools/beaches of the best hotels, etc etc etc-- you can do this on the cheap and the potential payoff is astronomical.
I should write a book on this--
You not gonna raise dollar one hanging with average/poor people-- and it costs about the same--and you get nowhere with these "funding sources" listed.
A friend loaned his towel to a family of south american's at the ritz in miami-- they ended up buying 30 multi million dollar condos from him making him a millionaire many times over, another guy i know recognized a person getting out of a cab in Fifth in NYC-- and ended up getting over $35 million for hedge fund investment thanks to this single meeting---
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.
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?

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![]()
Say lock up period to this guy and he simply would not invest
A lot of allocators, by mandate, are constrained from accepting a lockup provision in an IMA, regardless of their view on the manager.
I have raised nearly $100 million for a variety of funds and projects via what i suggest.
Over 35% of this has come from elite trader contacts
Im far from wealthy but do ok in this business and am able to do what i want whenever i want.