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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

the meebo that launched in 2005 was a group effort – the idea primarily came from sandy being a huge IMer and having trouble getting on IM when we were working on earlier ideas in elaine’s apartment! For both companies, the initial traction enabled raising seed money to get them to a traditional VC investment.)