Anybody ever raised funds from family/friends? How do you determine equity?
I'm curious if anyone here ever chose to raise funds from family and friends. And if you have how do you determine what equity each person gets?
I'm curious if anyone here ever chose to raise funds from family and friends. And if you have how do you determine what equity each person gets?
SAFE notes: https://www.ycombinator.com/docs/SAFE_Primer.rtf
Thank you for this. Learned something.
Thanks for this! Great information.
If you want to be really SAFE don't raise money from friends and family. Losing other peoples money tends to have a negative impact on your relationship with them. There is an 80% probability of that outcome materializing. There are two things one can deduce from this: this can and well and it probably doesn't.
I've always thought about this. I hear so many stories of tensions rising between family members when things don't go as planned.
I haven't, and I wouldn't.
As much as I would appreciate the leg up; for me it just wouldn't feel right mixing family/friends and business.
Thanks, I've been hesitant but just wondering if that's normal.