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No, it's not. It's a source of real revenue which most startups(including mine and yours) can only dream of.
by devguy10 14y ago
No, it's not. It's a source of real revenue which most startups(including mine and yours) can only dream of.
- argumentum 14y agoUm, speak for yourself. And how exactly is this "revenue"? It's more like taking the obligations of a lot of naive investors' money, the kind of money you should normally ask of your friends and family (read mom and dad).
- rosser 14y agoYour mom and dad (and the rest of your network) are almost certainly "unaccredited" investors. Soliciting their money will complicate the hell out of any subsequent fundraising, and exposes you to significant legal risk down the road.
- fraserharris 14y agoThere are legal exceptions for unaccredited family members. Soliciting their money does not complicate subsequent fundraising at all.