Sunday, May 20, 2012

11 Things Not to do When Trying to Raise Capital From Family or Friends

Under30CEO.com asked members of the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs what’s one thing NOT do when trying to raise capital from family or friends for your start up?



Don’t Rely on Memory Alone
Don’t Assume They Know Everything
Don’t Think It’ll Be Easy
Don’t Make Grandiose Claims
Don’t Oversell
Don’t Take Money They Can’t Afford to Give
Don’t Beat Around The Bush
Don’t Think They Can Automatically Comprehend
Don’t Accept Investments Essential to Their Retirement
Don’t Give Passive Investors Control
Don’t Wait Any Longer!




See the full article online at: http://under30ceo.com/11-things-not-to-do-when-trying-to-raise-capital-from-family-or-friends/
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1 comment:

  1. Meaghan O'KeefeMay 29, 2012 at 4:23 PM

    I've learned that of all people, family are often the least in touch with what you do or where you're coming from which can make conversations about business at all very frustrating and disappointing. Patience is key.

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