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> "$100K from friends and family" shoot and dang.

• coglethorpe 17y ago
  He went to Princeton, so I'm thinking he had some cash among his friends and family.
  • rodyancy 17y ago
    Would anyone have a problem raising 100k from friends and family, knowing that in 12 months if you were unable to raise a series A, you would be forced to tell them that they had little chance of seeing their money again?
    • streety 17y ago
      I guess it depends on the friends and family. If they can afford to lose $100k and they understand the risks, which for me would mean they've been there before and not just that they're telling you they understand the risks, then no I wouldn't have a problem.
    • coglethorpe 17y ago
      If I get 10k from one friend who has a million, 50k from another who has 5 million and maybe several 1k investments from others, it would be less painful if things fell through. One would have to be rather up-front about the incredible risk involved and have a huge amount of trust with many parties beforehand.
      • poppysan 17y ago
        Can I meet your friends? My friends and family couldn't loan me $1000.
        • coglethorpe 17y ago
          All friends listed were hypothetical. I might be able to get 10k from my closest friends and family. :-)
• arithmetic 17y ago
  That's one hell of a supportive "friends and family"!
• Ras_ 17y ago
  Around here we would call that house money, not "garage money".