Remove 1998 Remove Early Stage Remove Pre-Money Valuation Remove Software Development
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How to Start a Startup

www.paulgraham.com

You make elaborate plans for a product, hire a team of engineers to develop it (people who do this tend to use the term "engineer" for hackers), and then find after a year that youve spent two milliondollars to develop something no one wants. At this stage the company is just a bet. Back in 1998 our CFOtried to talk me into it.

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