2005 IPO Revenue Seed Money 
Both Sides of the Table
SEPTEMBER 2, 2009
He’s been at it since 2005. At some point, this breaks if their isn’t an exit or IPO. We should end the year with a few million in fully recurring revenue and we’re projected to double next year. But more spend = more viral opps = more revenue down the road. >50% of our revenue in now viral.
www.paulgraham.com
OCTOBER 23, 2010
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."
www.paulgraham.com
APRIL 28, 2010
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. Once you take money from the generalpublic youre more restricted in what you can do. [ Want to start a startup?
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