Definition
The first fundraising round from people who love you enough to give you money despite zero evidence your idea will work. The most expensive way to ruin Thanksgiving dinner conversations.
Example Usage
We raised $150K in a friends and family round, and now I avoid my uncle at holidays because his $10K is worth approximately nothing.
Origin
Traditional startup financing terminology from pre-VC era
Fun Fact
Friends and family rounds account for an estimated $60 billion annually in the US alone, roughly equal to the entire venture capital industry's early-stage investments.
Source: Early-stage startup fundraising terminology
Related Terms
Translate This Term
See “friends and family round” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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