How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
The reason is that employees are investors too—oftheir time—and they want just as much to be able to cash out. Ifyour competitors offer employees stock options that might make themrich, while you make it clear you plan to stay private, yourcompetitors will get the best people. In the Bay Area its the Bandof Angels.
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