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. Raising money, scaling the team. Modest burn : the company only raised $1.35
www.paulgraham.com
OCTOBER 23, 2010
This is calledseed capital. 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.
crowdSPRING Blog
FEBRUARY 16, 2016
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. When Larry and Sergey first began BackRub (which would eventually become Google), they didn’t run to a venture capital firm or angel investor.
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