4 ms·
If there is no other available option, yes.
by borski 4y ago
If there is no other available option, yes.
- ALittleLight 4y agoWell, not doing it is always an option. Burning the money of your friends and family may be suboptimal.
- teaearlgraycold 4y agoI don’t think “friends and family” means get your parents to bet their 401k on the startup. It means get your rich friends/uncle to give you money they’re willing to gamble.
- borski 4y agoSure. But it’s not obviously one or the other.
- PeterisP 4y agoOf course there is an available option - simply shut it down. If you aren't really certain of success, then causing friends&family to invest and lose money is much worse than shutting down, that's outright evil. There's nothing inherently good or valuable in the survival of a business - your business surviving is good if and only if it is a valuable, profitable business, and if it is not, then it's wasteful to throw good money (especially good money of people who trust you) after bad. And burning all your personal relationships by acting in this untrustworthy manner to your friends&family has worse long-term consequences than burning a startup.
- borski 4y agoYou assume swindling. Sometimes friends and family invest because they believe in you and/or the idea, and it isn’t always a problem. That’s all I’m saying.