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Should fundraising firms seek consulting fee in advance from start-ups?

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Question added by Nitin Chandran
Date Posted: 2013/10/30
Samar Abu Shaban
by Samar Abu Shaban , Regional HR Operations manager , souq.com

I am mot finance professional and cannot advise you about any financial consequences, yet operational wise I believe yes.

Ashraf Alsinglawi
by Ashraf Alsinglawi , Medical Supply Chain Planner , International Committee of the Red Cross

I think yes even at least down payment.

SIVADASAN PANTHEERADI
by SIVADASAN PANTHEERADI , Sr ADMN ( Actively looking for a NEW JOB) , DYNCORP INTERNATIONAL LLC (US COMPANY)

Yes.

Deleted user
by Deleted user

Absolutely. Fundraising is a skill and must be renumerated.

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Yes, the engagement letter should specify to pay up front consulting fees of25-50 percent in advance and balance as project progress and should also ask for commission on the total amount raised

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