To avoid misunderstandings, an entrepreneur soliciting startup money from his or her network of family members and friends should:
A) hide the risks involved in the startup venture
B) forego legal documentation because a verbal agreement is sufficient
C) find out whether or not the family member or friend can afford to lose the money he or she wants to invest
D) not bother providing a copy of a business plan or other marketing materials
Correct Answer:
Verified
Q32: The first source of startup money an
Q33: More than half of all informal investing
Q34: Which of the following investor categories has
Q35: The investor group that primarily invests in
Q36: The easiest startup money an entrepreneur may
Q38: Which of the following issues reflects the
Q39: After tapping into his or her friends
Q40: An accredited investor who joins an angel
Q41: Which of the following is a well-known
Q42: An angel investor is likely to:
A) invest
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