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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

He’s been at it since 2005. The net effect for [my company] for example is we are now doing reasonably well. I founded it in 2005 at the age of 37. I raised $500k in seed money to start the company. I believe this is wrong. Let me start with a couple of stories. Fast forward to my second company.

Founder 329
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How to Fund a Startup

www.paulgraham.com

November 2005 Venture funding works like gears. A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. It wasnt because they werent accredited investors that I didntask my parents for seed money, though.