That's a great question. Certainly, we're not the first company to receive investment from F&F -- how do "normal" small businesses do it? As loans? We want to give our friends who choose to help us out some kind of return on their investment.
Before we do anything we'll talk to our lawyer, but we would like to get a sense for how people normally do this before spend big lawyer $$$.
"Normal" small businesses just take the money from the F&F and don't worry about selling securities to non-accredited investors. But presumably you're not a normal small business, you're trying to build a billion dollar company. It's certainly not illegal to sell shares in your company to non-accredited investors, but it can be a problem for due diligence that can happen when raising money, selling the company, or going public. Loans are definitely easier.
Before we do anything we'll talk to our lawyer, but we would like to get a sense for how people normally do this before spend big lawyer $$$.