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The Next Bubble – Don’t Get Fooled Again

Steve Blank

Bubbles are not new; we have had them for hundreds of years (the Tulip Mania , South Sea Company , Mississippi Company , etc.). Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation.

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How to Fund a Startup

www.paulgraham.com

Angels and even VC firms occasionally do this, but they alsoinvest at later stages. The problems are different in the early stages. Now the group is looking for moremoney: they want enough to last for a year, and maybe to hire acouple friends. So seed investors usually care lessabout the idea than the people.