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 The verdict?
www.paulgraham.com
OCTOBER 23, 2010
The way to getrich from a startup is to maximize the companys chances of succeeding,not to maximize the amount of stock you retain. 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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