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Founder

Part-Time VPE

Seed Money

The Future of Web Startups

www.paulgraham.com

AUGUST 1, 2008

In the last batch of startups we funded, we had several founders who said theyd thought of applying before, but werent sure and got jobs instead. We could hire employees, but we want to be forced to figure out how to scale investing. This is a problem for founders, because it makes raising money take longer and cost more in legal fees.

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