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Remove .Net Remove Seed Money Remove Term Sheet Related Topics
Syndication Technical Review Viral Revenue Employee Cost Reputation Technology Software Review Government More Related Topics >
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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

SEPTEMBER 2, 2009

The net effect for [my company] for example is we are now doing reasonably well. I raised $500k in seed money to start the company. Many term sheets ensued. I had that against the backdrop of several term sheets. The offer wasn’t FU money but it was enough to change my life forever.

Founder 329
Founder Liquidation Preference Term Sheet Participating Preferred 329
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How to Fund a Startup

www.paulgraham.com

APRIL 28, 2010

It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.

Technical Review 76
Technical Review Startup Software Review Vesting 76
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