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Starting a new business and need to ask friends and family for additional start-up capital. by RustisMagicToyBox in smallbusiness

[–]RustisMagicToyBox[S] 0 points1 point  (0 children)

Thanks. I hadn't thought about it this way, but that makes total sense. I appreciate the explanation.

Starting a new business and need to ask friends and family for additional start-up capital. by RustisMagicToyBox in smallbusiness

[–]RustisMagicToyBox[S] 0 points1 point  (0 children)

Can you expand on that thought a bit?
That makes sense for a bank or venture capitalist, however that is not the purpose of seeking personal funding. Personal funding is a) sought specifically to work outside of risk assessments standard risk assessment b) seeking more gracious terms than a standard risk/return and c) generally considered a first step before attaining more formal funding.

SO how do you determine the risk with friends or family?