BizSugar.com › Raising Capital › Do's and Don'ts When Raising Angel or Venture Capital Money

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.