Why you should never tap friends and family for startup funds

You’ve probably heard this line: “If you can’t raise money from angels you can raise from your friends or family.” In fact most young entrepreneurs raise money from friends and family, here is a quick breakdown of funding sources for startups from AngelBlog. I am writing this article to tell you from personal experience: raising money from friends and family is a VERY BAD IDEA. It may kill your startup and your relationships with friends and family. Think back to the time when you pitched your startup to family and friends. Did you sound a little like this guy in…

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