Based on your question, I'm assuming you actually mean capital and not loaned funds. If your intent is to raise capital by giving up a certain portion of the equity in your company, then you probably do need a good and complete business plan that includes your product, demographics, competition and financial projections that you can show private investors. Keep in mind, that although your talking about a startup, people len topeople and not necessarily to companies. With this in mind, give serious consideration to those individual you know both friends and family and determine whether they can be of assistance, if at all. The other thing to keep in mind is the fastest way to lose friends and family members is to borrow money from them and or offer them an interest in your company. It is statistically proven that most startups will fail. Don't let this discourage you as the ones that do succeed very often create a situation where you will never have to work for another individual or company for the rest of your life. I personally haved been self-employed for 33 years and I can't imagine working for someone else for even a day. Coming back to your original question, if you truly want to raise capital, determine how much of your company yiu are prepared give up in exchange for the capital. If you do fail, capital is not intended to be paid back as would be loans. I hope this helps a little bit and good luck.
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