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ProfessorVC: How much is enough?

Professor VC

We managed to pull together an angel syndicate and close $450K on 9/30 after working the phones the last few days and anxiously waiting for signature pages to show up on the fax machine and wire confirms to hit the bank account. A talent acquisition or bootstrapping are still options, but need to include buy-in from the investors.

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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. Startups valuations aresupposed to rise over time.