Here are some thoughts from Mike Scanlin on raising money:
Don't hire your family members (or girlfriend/boyfriend) for executive positions in the company. It would be best if they weren't in the company at all, but if they are they certainly should not have a reporting relationship where one reports to the other. Independent investors rarely fund family businesses.
Do's and Don'ts When Raising Angel or Venture Capital Money
Posted by lkpetrolino under Raising CapitalFrom http://www.365daysofstartups.com 4878 days ago
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