Both Sides of the Table
MAY 13, 2013
The Aqui-hire Business. Let’s assume $2 million in seed money. If the money comes from professional investors it usually has a “liquidation preference” meaning that their money comes out before the founders or common stock. It says if you want to make “real” money - quit.
www.paulgraham.com
OCTOBER 23, 2010
One of the best tricks I learned during our startup was a rule for deciding who to hire. And when businesspeople try to hire hackers, they cant tell which ones are good.Even other hackers have a hard time doing that. Usually you get seed money from individual rich people called"angels." For business people its roulette.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
www.paulgraham.com
APRIL 28, 2010
It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.
techcrunch.com
OCTOBER 23, 2010
Inevitably, the excuses begin: I need to hire people to build the product. I need money for the servers. No raising money. In later posts I’m going to get into more detail on specific topics like hiring, raising money, what types of ideas have the potential to get big, finding your founders, and the like.
Expert insights. Personalized for you.
357 
Let's personalize your content