Recently, in one of the LinkedIn Groups I belong to – Business Owners & Entrepreneurs – Sandra Brevett-Dib posted a link to an article on Forbes.com: ‘Early-Stage Startups Need Friends, Family, and Fools’ by Martin Zwilling.
I posted a comment that, when I talk about the 3Fs, I use the term Fanatics not Fools, because:
“I don’t like the term ‘fools’ when applied to people who are investing in your business – because to me it implies that your business is a foolish one to invest in. Fanatics are people who love your idea so passionately that they are willing to overlook some things that a ‘professional investor’ may see as dealbreakers.”
That inspired me to talk in more detail here about Fools vs. Fanatics.