Raising Seed Capital From Friends and Family

One of the biggest challenges that any startup faces is that of raising adequate and timely funds. Although money can be acquired through bank loans and angel investors, the process is lengthy and there is no assurance that you will get the amount you require. 

The most convenient way is to raise funds from your family and friends, which is called the F&F model of funding. In this article, Varun Rao, member of Chandigarh Angels Networks talks in depth about the advantages and disadvantages of this method. 

Having supportive family and friends can be a great asset when you face shortage of cash. However, it does not mean that you become lenient in any way or assume that you will get all that you need without proving that you have a good plan in place. 

This article was published in Times of India. Access it here.