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

1 pointdlhavema1 comment

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,

View on HN

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.

Reply on news.ycombinator.com