How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
There never has to be atime when you have no revenues. So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation. Some angel investors join together in syndicates. In the Bay Area its the Bandof Angels. Deal terms with angels vary a lot.
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