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Figuring Out FourSquare

Seeing Both Sides

Hunch-driven : they had deep domain knowledge and didn't need outside studies or market research to guide their prioritization. million in its series A financing and kept the burn rate at less than $100k per month to make he money last. Raising money, scaling the team. Modest burn : the company only raised $1.35

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How to Start a Startup

www.paulgraham.com

The market price is less than the inconvenience of signing an NDA. Microsofts originalplan was to make money selling programming languages, of all things.Their current business model didnt occur to them until IBM droppedit in their lap five years later. The best odds are in niche markets. This is calledseed capital.

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Busted or Confirmed? 3 Common Myths About Starting A Business

crowdSPRING Blog

Entrepreneurs fall into the trap of spending months crafting plans that may not actually fit the market by the time they begin building their company. 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.

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The Future of Web Startups

www.paulgraham.com

In essense, let the market design the product. The way to get really big returns is to do things that seem crazy, like starting a new search engine in 1998, or turning down a billion dollar acquisition offer. We could hire employees, but we want to be forced to figure out how to scale investing. Weve done the same thing ourselves.

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