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Would-be entrepreneurs are skipping bank loans in favor of crowdfunding platforms like Kickstarter and GoFundMe to raise money — in fact, the average new business receives 40% of its startup funds from friends & family. Most experts advise against asking personal connections for money, and for good reason: in many cases, the risks far outweigh the benefits. This Business article explains why friends & family should be your last resort for startup funding.  

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