Why We Stop Investing in Friends and Family
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On duty as judge and angel investor on speed dating session at Tech in Asia 2018 in JCC last week.
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Some startups are from Malaysia and Singapore, mostly from Indonesia, aiming to win Indonesia huge market.
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Nowadays access to investors are much easier compared to a decade ago, of course.
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Here is one of the right place to find investors instead of pitching your friends or relatives.
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As experience taught us we will never consider to invest in friends and family ever again 🙏🏽
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As investor we’re ready to loose money but we never be ready to loose friends and/or family.
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For us there are more bitter experience rather than good ones in terms of investing for friends.
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A ‘friend’ once scolded us for holding our $ due to one’s inability to provide us legal docs.
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But instead of being offended, we feel sorry and pity that person, think how more difficult one’s life would be with that kind of attitude.
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We thought we’ve done our best to help but this is what we got in return. Not a single sorry, not a courage to show up and face to face up to now.
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Yes we lost a lot of 💰 but what disappoint us the most is how one had traded “friendship” with that amount of 💰
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So if you’re a friend or family, do us a favor: do not waste your time and energy to pitch to us 🙏🏽
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We can afford to invest in you, but we cannot afford to loose you as a friend and/or family 🙏🏽
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As @nataliardianto said, better invest in stranger and become friend than invest in friend and then become a stranger…
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#nutsonduty #nutsevent #startup #angelinvestor #techinasia #tiajkt2018 #nutstory #nutsthought #nutsays #nutslyfe (at Jakarta Convention Center)
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