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Ask HN: Upper Limit for "Friends and Family" Investment option?

1 points by dlhavema ↗ HN
Is there an upper limit on the "Friends and Family" Investment option? if a friend or family member wants to inject cash into a start-up as a favor with no strings attached, is that possible? if so, is there an upper bound of what can be given? what about taxes?

Thanks,

1 comment

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hoodoof
The upper limit should be $0. Destroying your friends and family relationships by taking their money and potentially losing it on a startup - an inherently risky venture - is a terrible idea, despite the advice you may be given elsewhere. Your friends and family relationships are irreplaceable. Startups come and go.