Is it wise to put a lot of your own personal money into a startup?

Elman57mo ago1 reply

Is it wise to put a lot of your own personal money into a startup or should a person just seek outside investors and if they don't have enough confidence to invest then it's probably not a good idea?

FundraisingFinanceStrategy

1 reply

Stasion Wilson57mo ago

In my personal opinion, one should always start with putting his/her personal funds into their startup.

It doesn't make sense to try and raise money from others without having some skin in the game.

But that being said, if you lack the funds, then you should definitely be doing it full time - 100% commitment.

After all, it isn't your money.

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