Event date: 10-18-2022
Event Time: 12:05 PM
Venue:Cambridge Innovation Center (CIC) in Kendall Square, Cambridge, MA
You want to start a company, but even if you forego your own salary, other startup expenses add up. Beyond your own savings, where do you go to get your first funding?
Some studies show that each year between 35-40% of startup ventures receive capital from friends and family. This can include not only your relatives but also neighbors, colleagues from work, social and sports clubs, teachers and classmates, from grade school right through to grad school, and others you’ve met on your life’s journey. Some also call this varied investor group “friends, family, and fools” – because being the first in investors can be so risky to one’s pocket book.
The October 18 ENET meeting will explore this important and often critical source of financing for startup company – do’s and don’ts, tips and lessons learned, how best to prepare if you are now or will soon embark on your own effort to raise friends and family financing.
