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Raising Money to Reach New Career Heights Victor Menasce (pronounced Menash) is a serial entrepreneur and author of two books on investing. His most recent book is Magnetic Capital: How to Raise All the Funds for ANY Worthy Venture. He started his career as an engineer designing microprocessors. Victor has held senior roles in technology companies, and now is developing real estate in multiple markets. Victor is an expert at raising capital. He's raised over $300 million in his career so far and had raised a lot of money but never really considered that to be a super-power. One day, a securities attorney was listening to his presentation in a mastermind in San Diego. They observed that Victor's unique expertise was raising funds. Everything else should be delegated. Along the way, Victor realized that raising money was easy at times and very difficult at other times. He eventually figured out the formula, and that became the genesis of Magnetic Capital. Questions You'll Hear Today: You've run several businesses. Give us some of your backstory. In particular, what were some of the ingredients that determined the difference between success or failure? Along the way, you developed the skill of raising money. I know a lot of people are uncomfortable asking for money. It almost feels like begging. How did you overcome that? What are your thoughts on the different kinds of startups, venture funded, angel funded, versus boot-strapped? Many of our listeners are young entrepreneurs. What are your thoughts on hiring older workers who may not respect a young leader? I hear that you're writing another book on entrepreneurship. Tell us about that. Connect with Victor Menasce: Website: www.victorjm.com Twitter: @vmenasce LinkedIn: www.linkedin.com/in/vmenasce Facebook: www.facebook.com/vmenasce Book: Magnetic Capital: How to Raise All the Funds for ANY Worthy Venture
Victor literally wrote the book on raising money for any venture. As an active real estate investor, he raises money for that business, but got his start in the technology field. Currently Victor lives in Ottawa, Canada and invests in Philadelphia. Hear how he is able to raise money and invest in another country. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “That’s our formula” - Victor Menasce Victor Menasce Background: - Managing partner of US Real Estate Partners LP - Spent the first 25 years of his career in the high tech industry, for last 9 on real estate investment - Current specialty involves building new apartments in an infill urban setting across multiple domestic and international markets. - Author of the book Magnetic Capital: How to Raise All the Money You Need for ANY Worthy Venture. - Has raised more than $300 million in his nine-year real estate career! - Based in Ottawa, Canada - Say hi to him at: - Best Ever Book: Made Possible Because of Our Best Ever Sponsors: Are you looking for a way to increase your overall profits by reducing your loan payments to the bank? offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings. Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.
As a syndicator in large apartment investments, I've certainly spent a lot of time and effort raising money from private investors. "Magnetic Capital: How to Raise All the Money You Need for ANY Worthy Venture" is a book that I wish I'd had when I was just starting out. Victor J. Menasce, the author, joins me today to share the secrets he's learned about raising Other People's Money. We'll discuss the five fundamental elements to raising money: Relationship, Trust, Results, Compelling Opportunity, and Allignment, and how they apply to Real Estate Opportunities. Victor will also provide insight into the Psychology of raising money, how to avoid being 'creepy', The Art of the Pitch, Rookie Mistakes to Avoid, and whether or not you need a business plan. Victor has also appeared on "Dragon's Den", which is the Canadian equivalent of "Shark Tank", and he'll share that interesting experience with us. You can purchase "Magnetic Capital" by going to Victor's website: http://www.victorjm.com/ There's a lot of great actionable content in today's episode that I know you'll enjoy. One action you can take right now is to give us a review & rating on itunes!