Friday, November 10, 2006

How to Borrow from Family and Friends

My colleague George Rodriguez wrote an article giving tips on how to borrow startup capital from friends and relatives. His tips are:

1. Choose the right person
2. Understand that this is high risk capital.
3. Ask for money only when you are prepared and ready.
4. Discuss how their investment will be structured.
5. Put everything in writing.

Read the article "Raising Start-Up Capital: How to Borrow from Family and Friends"

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