Kelly Perdew's First Time (Raising Money)

This is part of a series on Venture Voice where we ask a bunch of past show guests a simple question and post their answers.

How'd you raise your very first round of financing?

Kelly Perdew: I raised my first round of financing ($500K in equity) from friends and family while I was still in business school. Be very careful about taking money from friends and family... while it is easier to access, if things don't go well, you tend to stay in the deal much longer than is good for you to try and save their money!