How to Start a Startup
www.paulgraham.com
OCTOBER 23, 2010
You make elaborate plans for a product, hire a team of engineers to develop it (people who do this tend to use the term "engineer" for hackers), and then find after a year that youve spent two milliondollars to develop something no one wants. They get the same kind of stock and get diluted the same amount in futurerounds.
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