Remove Burn Rate Remove Pre-Money Valuation Remove Revenue Remove Syndication
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How to Fund a Startup

www.paulgraham.com

There never has to be atime when you have no revenues. Startups valuations aresupposed to rise over time. 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 Boston thebiggest is the CommonAngels.