How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
November 2005 Venture funding works like gears. Most startups operate close to themargin of failure, and the distraction of having to deal with clientscould be enough to put you over the edge. So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation.
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