Both Sides of the Table
JANUARY 5, 2010
Being tenacious without the mental flexibility to pivot based on market feedback is a disaster. If this idea was so big then why would they risk not being first to market, not building defensible IP for the sake of a few hundred thousand dollars extra in lock-up money at a big company? I finally called bullshit. Not my problem.
Version One Ventures
DECEMBER 14, 2016
This has been an important year for us as a firm, as well as the market in general. There was a significant pull-back of the public markets in Q1. But what kind of impact has this had on the private markets? At the same time, seed money is still abundant due to the proliferation of micro VC over the past few years.
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Both Sides of the Table
MARCH 6, 2015
I was out to raise my first seed money in my second startup of $500,000. I began asking around who the likely investors were for such a market. By fund II (2007) he was able to raise $15 million (if you watch the video you’ll hear an interesting story of how he did this) and he had a proper fund.
Both Sides of the Table
SEPTEMBER 2, 2009
We could do more in 2010 with more VC investment; the doubling assumes only ratable increase in marketing spend to achieve profitability. I raised $500k in seed money to start the company. We should end the year with a few million in fully recurring revenue and we’re projected to double next year.
www.paulgraham.com
AUGUST 1, 2008
October 2007 (This essay is derived from a keynote at FOWA in October 2007.) In essense, let the market design the product. Theres something interesting happening right now. Startups are undergoing the same transformation that technology does when it becomes cheaper. Its a pattern we see over and over in technology.
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