How to finance your startup? You can buy books on that topic, take courses, and hire consultants. It’s complex and it changes fast for different times, places, and financing options. But for people just looking at this question for the first time, here 10 general rules and guidelines. Warning: There are exceptions in every case. [...]
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I caught a blog post last week recommending friends and family financing for a startup. It’s dangerous when a good blog posts bad advice. So I’m not going to link to that post here. Years ago I met a man who’d spent 15 years struggling to make a sailboat manufacturing business work. He’d started the [...]
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I get asked frequently what’s the deal with friends and family, as in funding your startup with people who aren’t sophisticated investors as defined by securities and exchange laws. What that means, in a nutshell, is that it can be illegal to take money in exchange for stock from someone who doesn’t have the income [...]
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