Seeing Both Sides
MARCH 2, 2011
million in its series A financing and kept the burn rate at less than $100k per month to make he money last. 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. Modest burn : the company only raised $1.35 Monetization.
www.paulgraham.com
OCTOBER 23, 2010
The middle managers we talked to at catalog companies saw the Web not as an opportunity, but assomething that meant more work for them. Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no. Usually you get seed money from individual rich people called"angels."
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