Remove 2005 Remove IPO Remove Seed Money Remove Syndication
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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?