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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

He’s been at it since 2005. I founded it in 2005 at the age of 37. I raised $500k in seed money to start the company. Post script: Ron Conway’s rationale in our debate was: 1) “all money in a start-up should remain in the company.&# Only if it’s truly early stage would I agree.

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How to Start a Startup

www.paulgraham.com

March 2005 (This essay is derived from a talk at the Harvard ComputerSociety.) You need three things to create a successful startup: to start withgood people, to make something customers actually want, and to spendas little money as possible. Usually you get seed money from individual rich people called"angels."

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How to Fund a Startup

www.paulgraham.com

November 2005 Venture funding works like gears. A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. It wasnt because they werent accredited investors that I didntask my parents for seed money, though.

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From Nothing To Something. How To Get There.

techcrunch.com

Also, for the full time coder, you may violate your employee contract especially in the area of non-competes or just plain piss off your boss when he finds out how much time you have been putting into a side project when deadlines were looming. The second one not until 2005. get to know each other first, etc.