Remove Hiring Remove Pre-Money Valuation Remove Sales Remove Seed Money
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Why the New Seed Might Be a Bad Seed

This is going to be BIG.

They''re at a similar stage to my investments now out of Brooklyn Bridge backing Tinybop pre-launch, Canary before their Indiegogo pre-sale, and VIXXENN with just an alpha site and a few stylists. in seed money instead of $1.5M You should target 18 to 24 months of runway post Series Seed."

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How to Start a Startup

www.paulgraham.com

One of the best tricks I learned during our startup was a rule for deciding who to hire. The woman in charge of sales was so tenacious that I used to feelsorry for potential customers on the phone with her. And when businesspeople try to hire hackers, they cant tell which ones are good.Even other hackers have a hard time doing that.

Startup 105
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How to Fund a Startup

www.paulgraham.com

It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.