How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
Angels whove made money in technology are preferable,for two reasons: they understand your situation, and theyre asource of contacts and advice. The contacts and advice can be more important than the money. So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation.
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