Both Sides of the Table

JANUARY 5, 2010

VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. I joined GRP Partners in 2007 before they raised their current fund (we closed a $200 million fund in March 2009). Servers, databases, bandwidth – they’re all virtual now.

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

Both Sides of the Table

MARCH 6, 2015

I was out to raise my first seed money in my second startup of $500,000. If you want to understand the software trend that drove the creation of the seed-stage VC phenomenon I wrote about it that linked blog post but in short: cloud computing drove down the cost to create startups enabling a new category of investor.

Seed Stage 150

Seed Stage Silicon Valley Syndicate Syndication 150

Both Sides of the Table

SEPTEMBER 2, 2009

I raised $500k in seed money to start the company. The very modest salary that I drew didn’t come anywhere near meeting my monthly costs so I had to eat into savings. By then I was still on the board of my first company but it hadn’t yet sold (it ended up selling in 2007 to a publicly traded French company).

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

www.paulgraham.com

AUGUST 1, 2008

October 2007 (This essay is derived from a keynote at FOWA in October 2007.) This is a problem for founders, because it makes raising money take longer and cost more in legal fees. Back when it cost a lot to start a startup, you had to convince investors to let you do it.

Web 54

Web Startup Silicon Valley Technical Review 54