Short answer is investors will question it (they may or may not ask these questions, they will be thinking them) "why did they raise from f/f and not institutio

Short answer is investors will question it (they may or may not ask these questions, they will be thinking them) "why did they raise from f/f and not institutions then" "what did those investors who presumably said no know that i didn't" "are they better now?" but it's not a massive red flag unless there are scary answers to the above qs