Why you should never tap friends and family for startup funds

You’ve probably heard this line: “If you can’t raise money from angels you can raise from your friends or family.” In fact most young entrepreneurs raise money from friends and family, here is a quick breakdown of funding sources for startups from AngelBlog. I am writing this article to tell you from personal experience: raising money from friends and family is a VERY BAD IDEA. It may kill your startup and your relationships with friends and family. Think back to the time when you pitch

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