While knowing about what issues to think about, and having some competence to think through them, or garnering resources & people who can guide you through them is no guarantee of success, not even knowing about ALL the aspects that you might need to think about in a venture is most likely to be a foundation for failure.
The risks are stacked up against you.
This book’s attempt is to help entrepreneurs think through different aspects of their business, so that they do not miss out on thinking about the various aspects that will need to work in sync to give their startup a better chance of success.
Structure deals correctly. Getting the money in the bank is a big step, but doing it the right way is even more important. This book provides easy to follow guidance for choosing and documenting the best funding structures for both your startup and your funding partners.
Hone your Friends and Family pitch. Additional sections provide concise information helping you prepare a compelling funding pitch, as well as document your estimations of the market and financial feasibility of your early-stage startup.
Startup Crash Course: Friends and Family Funding guides founders through topics such as:
- Structuring a simple startup loan with friends and family lenders.
- Using convertible debt to entice friends and family to invest in your startup.
- Learning the most important considerations for issuing stock to friends or family members.
- Understanding the legal limits of raising startup capital from friends and family.
- Keeping early funding rounds clean for later stage investors like angels and VCs
- Using profit sharing to rewarding friends and family investors for backing your startup.