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Re:Well, We Failed – Wattage is shutting down by billyhoffman on Tuesday May 05, 2015 @04:40PM (#9494834)
See the comment above. It's not "Friends and Family." It's "Friends and Family who qualify as accredited investors." This is not your extended family giving you a $500 or $1000 to pursue your dream.
Re:Well, We Failed – Wattage is shutting down by Kranar on Tuesday May 05, 2015 @05:12PM (#9494994)
This is a misconception. Friends and family are allowed to invest in your company without being accredited investors.