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How to Fund a Startup

www.paulgraham.com

I wassurprised recently when I realized that all the worst problems wefaced in our startup were due not to competitors, but investors.Dealing with competitors was easy by comparison. Your natural tendency when an investor says yes willbe to relax and go back to writing code. They were helpful in negotiating deals, for example.

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Everything you ever wanted to know about advisors: Part 2.

venturehacks.com

They can even add more value than an independent board member because they don’t have to deal with corporate governance. Most of their companies would probably give 6% of their shares to YC for free, just to participate in the program. Many advisors want options they can exercise immediately —that’s fine.