Start-up founders know the struggle. They juggle strategizing, managing and hiring amid other operational tasks, all while potentially working to raise outside capital.
With that much of a day's time committed to the inner workings of a new company, there's usually little time left to focus on investor relationships. But for Alan Glazen, a millionaire entrepreneur-turned-investor starring on CNBC's upcoming show "Cleveland Hustles," a start-up's success hinges in large part to effectively working with investors.
"If you're not willing to [listen] or you're just going to pander to them, you're going to fail," Glazen said. "And the relationship between an entrepreneur and an investor is the most fragile relationship there is. ... You need to follow people that are willing to be honest with you and that have been there."