There is a saying that says ” keep your friends close but your enemies closer.” When it comes to business, an entrepreneur should consider following those guidelines. Founders rely on investors to assist financially when starting or growing a business. These finances are derived from three types of investors: family and friends, angel investors, and venture capitalists. By no means is an angel investor or venture capitalist an enemy, but due to a lack of trust or personal relationship, the entrepreneur tends to initially ask family and friends for financial capital. Investments from loved ones are very common, although businessmen should take precaution in relying solely on those funds.
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