A friends and family round involves raising money from people in your network who believe in you, allowing for quick fundraising with flexible terms, but it can strain relationships if the business struggles.

Successful fundraising often relies on the founder's existing relationships and networks, especially for second-time entrepreneurs.

Using your network is crucial for finding prospects; many of my earliest deals came from connections.

Fundraising isn't just about securing cash; it's about finding the right partners who believe in your vision and can help you bring it to life.

I learned the importance of networking and building relationships, which helped me transition from selling carpets to investing in startups.

The first million dollars I raised felt easy because I was raising money from people I knew well, who were investing in me personally.

Networking was crucial; I started with no connections in the aerospace industry and reached out to as many people as possible for advice.

Many founders find their first customers within their network, and I was fortunate to work with amazing people across various industries who supported our venture.

I leveraged personal connections to get introductions to investors, which was crucial in raising my first million before Y Combinator.