Fundraising made easy: 38% of startup founders report raising money from their friends and family. What would be the obstacles to stop family and friends from investing in you latest venture? Lack of extra liquid assets to invest.
The simple fix is to encourage potential investors to get a Rocket Dollar account. Rocket Dollar caters to individual do-it-yourself investors. Rocket Dollar accounts allow those people with multiple IRAs, with old 401(k)s, to fund either a Self-Directed Solo 401(k) account or a Self-Directed IRA. Once their accounts are open, friends and family will have checkbook control of their retirement money to invest in what matters to them.
Contributors: Henry Yoshida from Rocket Dollar