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March 05, 2006
Friends Family and Fools
Capitalizing On Family While I am somewhat opposed to borrowing from friends and family, this video segment presents useful tips on the first round of financing for a lot of startups.
Friends and Family are well defined as to who they are for each entrepreneur. Fools, on the other hand, is something that might be new to some readers. This segment is occupied by non-businesspeople that are high-income earners such as dentists, doctors, lawyers, HR directors... These people want to be as wealthy as the world percieves them to be but aren't because their expenses tend to catch up quickly with their incomes. They have some cash available for investing and would love to be able to "hit it big" so they could stop working so much. CircleLending is a really good program for these lenders/investors that makes them feel like their risk is a little less than it would be otherwise. It might make the difference between getting their money or not.
Posted by bizfund at March 5, 2006 10:09 AM