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How to Start a Startup

www.paulgraham.com

If you give an investor new shares equal to 5% ofthose already outstanding in return for $100,000, then youve donethe deal at a pre-money valuation of $2 million. At this stage the company is just a bet. Ididnt realize that when we were raising money. Does your productuse XML? ) Thereis no rational way.

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