After several pitches we've kinda positive of closing our seed-funding (amount X) round, which is being funded by my family friends. However, very (un)fortunately for us, the seed investors aren't taking any collateral or stake in our company, it's happening completely on good-will and they just want us to return twice the funding amount (2X) in an year's time. Well, we know that in year it's impossible to be able to double their investments, but you know, as an over-optimist entrepreneur and with lot of "that gut-feeling", I've said yes.
Now, what I'd like to know is would any VC or angel would be willing to fund us for series B with (amount Y), when they realize that 2X of that Y is going out for seed-funding repayment. I mean I'd like to know that whether my decision was right or wrong in the first place.