Many startups turn to friends and family for early funding. I’ve never personally done this (successfully), but I have tried. I owned a business with my brother and we both put in capital. Our parents and friends didn’t invest and I can only imagine the headaches. Peter Ireland offers some simple yet effective advice on how to handle family investors. If you’ve already done it or are considering reaching into Aunt Bernice’s fat wallet, take heed to Peter’s advice.
Flickr photo credit: Brian McGuyan
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