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Figuring Out FourSquare

Seeing Both Sides

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

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How to Start a Startup

www.paulgraham.com

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." the seed stage, investors dont expect you to have an elaboratebusiness plan. This is calledseed capital.

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Busted or Confirmed? 3 Common Myths About Starting A Business

crowdSPRING Blog

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.

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The Future of Web Startups

www.paulgraham.com

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. Riskier Strategies are Possible Risk is always proportionate to reward. This has traditionally been a problem in venture funding.

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