3 Tips on Raising Funds from Friends & Family
1/ Inform them that startup investing is an extremely risky asset, and only take money from someone if you know your relationship would not be completely jeopardised if the business does not take off
2/ If you can’t agree on a valuation, and if it’s a small round – do an unvalued round through Convertible Note or iSAFE
3/ Try and get them an exit around Series A or B if you can, before you yourself try and
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of ’17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
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