Both Sides of the Table
OCTOBER 25, 2009
For example, a recent phone call I had with a young entrepreneur straight out of one of the most prestigious engineering schools in America he asked, “I have an offer for $400,000 in seed money but the VC wants me to agree now to bring in a new CEO.&# This company is doing its SEED round and they already want to bring someone new in.
Up and Running
MAY 30, 2018
My first company, Digital-Tutors , grew from a startup in my living room with $54 of my own seed money into a multi-million-dollar business with customers around the world. I was proud of the fact that we never used any outside investment money to grow the company. Do you know how many times my phone rang? Not even once.
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Both Sides of the Table
JUNE 17, 2017
70–80% of the costs of most startups are employee costs so what you’re really talking about when a company is unprofitable is that they are growing their staff ahead of their revenue. They both raised angel / seed money of $1.5 million to fund operations in their first year of operations.
Startup Lessons Learned
MAY 31, 2019
He's been with the firm since its inception in 2009 and has overseen its rapid growth, from three employees to 150+ and from $300 million in assets under management to more than $10 billion. First, the introduction of seed money as an institutional form of capital.
Hearpreneur
DECEMBER 9, 2018
We’ve also improved productivity through some helpful tips to our employees, and become a more streamlined and efficient small business overall. Thanks to Andrew Schrage, Money Crashers ! #3- We’ve seen impressive year-over-year employee growth and opened a second office in the heart of downtown Toronto.
www.paulgraham.com
AUGUST 1, 2008
We could hire employees, but we want to be forced to figure out how to scale investing. When you make things in large volumes you tend to standardize everything that doesnt need to change. At Y Combinator we still only have four people, so we try to standardize everything. Imagine if that sequence became a big, straight pipe.
This is going to be BIG.
JANUARY 6, 2014
A founder will raise one party round worth of seed money and they''ll go teach a class on how to raise venture capital. in funding, and expand from 3 employees to 13—three of which I’d recruited and hired. S**t, I had just released a new version of our website two days prior that improved on-site conversions by 400%.
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