Government Pre-Money Valuation Revenue Seed Stage 
www.paulgraham.com
APRIL 28, 2010
There never has to be atime when you have no revenues. At one extreme is the sort of pork-barrel project wherea town gets money from the state government to renovate a vacantbuilding as a "high-tech incubator," as if it were merely lack ofthe right sort of office space that had till now prevented the townfrom becoming a startup hub.
www.paulgraham.com
OCTOBER 23, 2010
Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no. Usually you get seed money from individual rich people called"angels." the seed stage, investors dont expect you to have an elaboratebusiness plan. This money isnt revenue.
Expert insights. Personalized for you.
76 
Let's personalize your content