Both Sides of the Table
MARCH 25, 2016
Most of this advice boils down to an argument in favor of basic planning before starting a company or raising money. In many ways the fact that it has become so cheap to start a company and relatively cheap to raise angel/seed money that we as an industry have gotten lazy on basic planning. Incumbent Strengths & Weaknesses.
www.paulgraham.com
OCTOBER 23, 2010
Microsofts originalplan was to make money selling programming languages, of all things.Their current business model didnt occur to them until IBM droppedit in their lap five years later. Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no.
techcrunch.com
OCTOBER 23, 2010
For both companies, the initial traction enabled raising seed money to get them to a traditional VC investment.) Nosake From nothing to losing money every month with no business model in sight. Hopefully your idea of business model isn’t “ad revenue based”. It’s all about how bad you want it.
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