Hi there! I am launching a business in the coming months. I've decided to approach friends to assist with my $15k in start-up costs. They will be investing $3k minimum.
They will be choosing from one of two options. One is I can offer them their money +40% by month 15, or nothing if the business fails to turn a profit percentage.
Two is I can offer them their money +20% by month 15, or half of their money back if the business fails to turn a profit.
How would I structure this? I initially was going to fund the entire project myself, but I have interested friends and would like to alleviate some of the risk. Thank you.
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