by Kim Lavine
I had gotten myself to this point on ego and enthusiasm, but I ran into a major roadblock when it came to writing the check.
I thought I was golden. My research was light, I’ll admit it. But if it was such an issue, why didn’t somebody raise it before I got to this point? This was my third meeting with them. I was already doing everything I could to manage this business as it was, working sixty hours a week. Did they actually expect me to do a five-year cash flow and have at least MBA level research, too? Yes, they did!
These guys weren’t stupid
They weren’t going to open their wallets for a fresh-faced entrepreneur. People like me, I would soon see, where a dime a dozen.
“What is all this credit card debt?” one of them gasped, running a finger down my balance sheet.
I felt as if a stake went through my heart. I hated that it was there, too, and I only had a precious few seconds to explain the debacle that was 2003.
“You obviously can’t run your business. You expect me to give you my money to pay off your debt? Is that what you’re going to do? Pay off your debt with my money?!” one of the most impassioned investors yelled, standing up inflamed, tearing up my business plan and throwing it on the table before me before stomping his way out of the room.
Did he just tear up my business plan and throw it in my face?
I couldn’t believe it. I looked at New Money for some help. He was furiously checking his email on his Blackberry. He was ignoring me, and I was being hung out to dry. I felt like I had run head-first into a Mack truck. The other members of the group packed up their stuff and prepared to leave without so much as a word of goodbye.
Symphony Money was the only one who would look me in the eye
“Each one of these men,” he consoled me, “were just like you at one time. So broke that they didn’t have two nickels to rub together.”
“Oh sure, even I was. I remember sitting in my office worrying how I was going to pay my employees, or even my rent.”
In my mind I had already spent the money they were going to give me. New Money had told me at my first meeting with him that the six figures I was asking for was “peanuts.”
I thought it was a done deal
I had put off creditors for months and used every dollar I did have to develop new moneymaking opportunities in anticipation of this deal closing. Now I had to scramble and find another plan.
How could I have had so many good meetings for it to end so disastrously?
An Excerpt from MOMMY MILLIONAIRE
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