1998 Internet Seed Money Valuation 
Seeing Both Sides
MARCH 2, 2011
Dennis wrote a great post at the time of the financing that showed just how product obsessed he was, even after taking the seed money. 2) What was the magic of the foursquare system that drove rapid adoption that so many other consumer Internet companies fail to achieve? Monetization. But it's not a binary decision.
www.paulgraham.com
OCTOBER 23, 2010
During the Internet Bubble there were a number of startups founded by business people who then wentlooking for hackers to create their product for them. Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no. Ididnt realize that when we were raising money.
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