Sqeeqee Founder Jenny Q. Ta (pictured) talks about fundraising from your loved ones and other survival tips for aspiring entrepreneurs.
By Insiyah Saeed (Founder, TheLipGloss)
The worsening of the “Series A Crunch”, and the stresses involved in managing professional investors, has some entrepreneurs wishing for a more “friendly” source of funds.
Sqeeqee founder Jenny Q. Ta has done just that for her seed round – she turned to friends and family and raised $2 million dollars – remarkable for a “friends and family” round. When done right, she says, the result can be a winning outcome. She urges new founders to tread with caution, however.