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Many an entrepreneur has turned to friends and family when it comes to securing the funding to start a business. In fact, “Friends and Family” has a place in the lexicon of entrepreneurship, along with “Bootstrapped,” “Angel Investors,” and “Venture Capital Financing.”
Typically, sourcing from friends and family is common among young or nascent entrepreneurs. Serial entrepreneurs, who have had a lot of success, typically have the bravado to believe they can self-fund their business or the track record to approach angels or venture capitalists.
It is only natural, especially for the young entrepreneur who is just embarking on his or her
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