Family and friends might not have any domain knowledge of your idea, so, unlike Angels, they might not be useful in guidance or advice, but they see potential in your idea and decides to fund you. What kind of deal will you have?
Most Tech entrepreneurs raised this Family and friends rounds through online side hustles … Some family and friends finds it difficult to key into the vision of Tech entrepreneurs which most don’t believe in ONLINE things. It’s rare seeing entrepreneurs raised this round of funding.
This is my own point of view
Bringing family and friends funds into a business might be dangerous, but with the help of advisors and legal Tech firm… Things will surely go fine.