How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
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. The lower your costs, the moreoptions you have—not just at this stage, but at every point tillyoure profitable.
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