Remove Acquisition Remove Burn Rate Remove Government Remove Syndication
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How to Fund a Startup

www.paulgraham.com

Some angel investors join together in syndicates. Its thesame with acquisitions. When you have a high "burn rate," youre alwaysunder time pressure, which means (a) you dont have time for yourideas to evolve, and (b) youre often forced to take deals you dontlike. 6 ]Ive omitted one source: government grants.