I'm exploring some startup idea with some friends.
to be honest, I'm not that into this idea.
a prototype is being worked on, and functional, but not polished.
the original idea was joining some incubator and looking for angel investment. however there were some setbacks.
now, the other two team members felt the difficulty of raising money, so they kinda have made up their mind to quit job at a point and burn own money and raise fund from family and friends.
we never had a formal discussion about this plan. they seemed to assume that I'm also on board with them and under social pressure, I feel that I'm pushed toward this direction and I don't like it.
I recall I constantly seeing articles talking about how wrong it is to raise money from family and friends, plus this idea has hardware involved, which is very risky. I remember, for example, one of the "how to startup" lecture talked about this, but I can't find the link.
to be honest, I'm not that into this idea.
a prototype is being worked on, and functional, but not polished.
the original idea was joining some incubator and looking for angel investment. however there were some setbacks.
now, the other two team members felt the difficulty of raising money, so they kinda have made up their mind to quit job at a point and burn own money and raise fund from family and friends.
we never had a formal discussion about this plan. they seemed to assume that I'm also on board with them and under social pressure, I feel that I'm pushed toward this direction and I don't like it.
I recall I constantly seeing articles talking about how wrong it is to raise money from family and friends, plus this idea has hardware involved, which is very risky. I remember, for example, one of the "how to startup" lecture talked about this, but I can't find the link.
what do you think?
Thanks.