Seeing Both Sides

MARCH 2, 2011

Here were some of the takeaways I had from the class discussion framed around three major questions I posed to the students: 1) Why did foursquare succeed as compared to the same founder (Dennis) in a similar venture (Dodgeball) in a different era and as compared to other teams pursuing LBS services in the same era? .

API 44

API Valuation Lean Burn Rate 44

www.paulgraham.com

OCTOBER 23, 2010

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. A lot ofwould-be startup founders think the key to the whole process is theinitial idea, and from that point all you have to do is execute.Venture capitalists know better. Ideally you want between two and four founders.

Startup 105

Startup Cofounder Software Stock 105

www.paulgraham.com

AUGUST 1, 2008

In the last batch of startups we funded, we had several founders who said theyd thought of applying before, but werent sure and got jobs instead. This is a problem for founders, because it makes raising money take longer and cost more in legal fees. Founders and investors have different attitudes to risk.

Web 54

Web Startup Silicon Valley Technical Review 54

crowdSPRING Blog

FEBRUARY 16, 2016

Myth #2: You need a lot of money to start. Businesses do require some capital, but this doesn’t mean that every startup has to raise millions of dollars in seed money. It was only in 1998 when Andy Bechtolsheim invested $100,000 in Google, Inc. They had proven themselves before they received an investment.

Washington 48

Washington Incubator Cofounder Angel Investor 48