Question: What do I need to know about raising a seed round from family and friends before I start?
Question: What do I need to know about raising a seed round from family and friends before I start?
Question: What do I need to know about raising a seed round from family and friends before I start?
Question: What do I need to know about raising a seed round from family and friends before I start?
Do Your Research
"Choose investors who wouldn't mind parting with the money. That is to say, if they didn't invest in you, they'd purchase luxury experience/products with less than zero percent return. Don't make promises you can't keep. Let friends come to you once you show entrepreneurial success. Your relationship is the most valuable thing to you and your friends and family. Don't do anything that would affect that relationship. "
@lisadolansrs
Be Honest
"Make sure your friends and family clearly understand the risks of the business. Make sure that they are honest with you in that, if the business fails, it won't affect your personal relationship with them AND won't hurt them economically."
@LisaCurtis
