In their passion to succeed, too many entrepreneurs treat friends and family investments as “low-hanging” fruit, only to find out later, after a stumble, that the pain of lost relationships is greater than the loss of their beloved startup. Other entrepreneurs never start their adventure, because they can’t face the prospect of even approaching friends and family for an investment kick-start.
The only way an entrepreneur can really dodge this issue is to totally fund the startup with personal funds (bootstrapping). Then you don’t have to worry about the fact that most Angel investors and venture capitalists won’t take a bet on you if none of your friends and family have given you a vote of confidence with money.
To read the original article: Startup Professionals Musings: Don’t Hurt Friends and Family Investors Who Love You
