Friends and Family Guidance on NACO Term Sheets

Description
Often, investments into new companies come from the founder's inner circle: friends and family. The term sheets provided have been provided mainly for angel investors and seed funds, and therefore it is important that friends and family are also taken into consideration.

Startups with no revenue or external funding must depend on personal sources; friends and family are generally willing to try and help. As simple as this may sound, the below case study will help you identify the things to be aware of when raising funds from personal relationships.

*Originally shared on NACO Canada*