*>"The startup has a small, undisclosed amount of friends and family funding and isn’t actively fundraising." Read: "we are open to accepting money at a very f

*>"The startup has a small, undisclosed amount of friends and family funding and isn’t actively fundraising." Read: "we are open to accepting money at a very favorable valuation now that you've read this on TC." They're obviously in a position of strength here, but this seems pretty transparent.