Why I Don’t Help Pre-Seed or Seed Stage SaaS Firms Raise Venture Capital
Many consultants promise to help pre-seed and seed-stage SaaS startups raise capital—but without a Series 7 license, those services can expose founders to serious legal and financial risks. In this article, I explain why I avoid fundraising engagements, the SEC’s crackdown on unlicensed brokers, and what it really costs to work with a licensed broker-dealer.