Glossary

FundKite Glossary of Business Finance Terms.

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Friends & Family and Crowdfunding

An ideal but less feasible solution, many entrepreneurs dream of having friends, family and strangers gift them with money. There is typically no legal agreement in place for repayment, but some friends and family may ask to be repaid (and possibly with interest), or crowdfunding platforms may encourage you give some type of reward to donors as a thank you.

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