Such “management services” usually means we would charge a fee for the value we deliver prior to securing outside capital, if fundraising is your current goal. This follows the principle of “shared risk, shared reward.”  These goal-oriented advisory services are usually arranged as a package within a tightly-defined scope of work (see 1-page roadmap for fundraising), developed together, through discussion.

A “Done For You” (DFY) fee-for-service offer differs from using In3’s flagship Completion Assurance Program (CAP Funding) as Do It Yourself (DIY), where you would originate the package and provide evidence of a suitable guarantee.  With such a guarantee, we can be reasonably certain a binding offer will be made (via termsheet or contracts), for which we do not charge any initial fees.  Projects that are not well-documented may require additional work to uphold accounting standards (IFRS or GAAP) or to summarize key points that are required for vetting and acceptance following due diligence.  We can discuss who will do what and may not need to ask for management fees ahead of first draw of funding.

How do you know if your proposal for funding is going to be accepted?  There is a sharp difference between a coherent story, one that seems like it should be true, versus one that holds together by factual evidence to support the base case of business feasibility.

“The challenge is that subjective confidence is determined by the coherence of the story one has constructed, not by the quality and amount of the information that supports it.”

– Daniel Kahneman, recipient of the Nobel Prize in Economics