"friends and family I've been begging to try to get involved"
Be careful - they have a tendency to ignore your advice, then blame you for the results later...
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"friends and family I've been begging to try to get involved"
Be careful - they have a tendency to ignore your advice, then blame you for the results later...
Fair point. I do make them verbally agree that they accept the high potential that everything they invest could go exactly to $0 to try to set expectations low up front. I also make sure they're aware that they should only allocate money that they don't care about losing in the event that happens. I don't talk moon with them at all.