What's the Secret Success of Mint.com? The Real Numbers...

Re:What's the Secret Success of Mint.com? The Real Numbers... by rodyancy on Wednesday October 07, 2009 @03:26PM (#867450)

Would anyone have a problem raising 100k from friends and family, knowing that in 12 months if you were unable to raise a series A, you would be forced to tell them that they had little chance of seeing their money again?

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Re:What's the Secret Success of Mint.com? The Real Numbers... by streety on Wednesday October 07, 2009 @04:00PM (#867514)

I guess it depends on the friends and family. If they can afford to lose $100k and they understand the risks, which for me would mean they've been there before and not just that they're telling you they understand the risks, then no I wouldn't have a problem.

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Re:What's the Secret Success of Mint.com? The Real Numbers... by coglethorpe on Wednesday October 07, 2009 @04:00PM (#867515)

If I get 10k from one friend who has a million, 50k from another who has 5 million and maybe several 1k investments from others, it would be less painful if things fell through. One would have to be rather up-front about the incredible risk involved and have a huge amount of trust with many parties beforehand.

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Re:What's the Secret Success of Mint.com? The Real Numbers... by poppysan on Wednesday October 07, 2009 @06:17PM (#867784)

Can I meet your friends? My friends and family couldn't loan me $1000.

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Re:What's the Secret Success of Mint.com? The Real Numbers... by coglethorpe on Thursday October 08, 2009 @08:38AM (#868871)

All friends listed were hypothetical. I might be able to get 10k from my closest friends and family. :-)

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