Any self-respecting entrepreneur has borrowed money from their mother at some point.
Sentiment: NEGATIVE
It's a great story for us whenever an entrepreneur makes a crazy amount of money and we get to tell the world about it. For the entrepreneur? Not so much. Hitherto unknown relatives, entrepreneurs seeking angel investments, money managers and supposed baby-mamas all come out of the woodwork with dollar signs in their eyes.
Our experience is that most entrepreneurs are able to attract debt, even for risky and early stage investments. There are investors who provide debt, but very few who fund through equity.
Some people are lucky enough to borrow money from their parents, but that shouldn't determine whether you can pursue your dreams.
People always ask is it hard being an entrepreneur and a mum, and the answer is 'yes.'
No entrepreneur ever publicly admits to bribing, but few dare to openly claim they don't, either.
Borrowing is not much better than begging; just as lending with interest is not much better than stealing.
Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.
People that I have known that have been extremely creative, people in the business, they have always been influenced by their mothers. Their mothers are the ones that created whatever it is - the urge to create.
You can't borrow your way to prosperity.
Just because someone will lend money to you doesn't mean you should borrow it.