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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. At some point, this breaks if their isn’t an exit or IPO. I founded it in 2005 at the age of 37. I raised $500k in seed money to start the company. I believe this is wrong. Let me start with a couple of stories. We trade emails on the topic of entrepreneurship often.

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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. Once you take money from the generalpublic youre more restricted in what you can do. [ Want to start a startup?

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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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Top Startup Advisor Paul Graham Just Warned Against Taking Google's Money

www.businessinsider.com

Google Ventures has made more than 100 seed investments, Maris said, including some past and present Y Combinator companies, and is making one to two new ones a week. Parse, one of the most-anticipated startups in Silicon Valley these days , went through Y Combinator last year and raised seed money from Google Ventures , for example.