Forbes – Startup Strategy: How To Work With — Not For — Investors (by Wanderful Media CEO Ben T. Smith, IV)

Getting investors on your side doesn’t end with the actual investment. In fact, that’s just the beginning of a complex and often frustrating relationship for business owners.

It’s a subject that I think about several times a day – how do you deal with investors? It’s their money on the line and they clearly want you to be successful, but keeping them off your back as you try to run the business can zap all of your momentum and cripple the business.

Over the years, I’ve developed some basic business development guidelines about how to keep your business and your sanity. I’ve been fortunate enough to be a founder, advisor, investor and a board member for a number of companies at various stages in their development, which means I’ve seen the most common business development (BD) problems from many angles.

My latest venture, Wanderful Media, brings together 12 holding companies representing about 500 newspaper publishers from every corner of the nation.

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