The Biggest Risks of Raising Money from “Friends and Family”

Photo by Sharon McCutcheon on Unsplash

After a successful round of funding, entrepreneurs don’t think much about the logistics of shutting down their companies. Why would they? They’ve just secured the vital cash they needed to keep pursuing their dreams. But getting funded — especially the early rounds of funding — is hardly a guarantee of success. Yes, the company has better odds of succeeding than they did prior to…