Answer by Syama Meagher:
Short answer to a long question…
ships in the investor market do your due diligence and figure out what exactly you want an investor to add to your business besides cash. If you have a great product idea, you may need help with business development/marketing etc. A friend with some cash to invest won’t have the understanding of the market to be able to fully help your product come to market.
Fashion is pretty risky, so definitely flush out your partners and the term structure. Be prepared to have a mock up of your buyer feedback, margins/costs worked out, and an idea of the global vision.