How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
The angel agrees to invest at a pre-money valuation of $1 million.The company issues $200,000 worth of new shares to the angel; ifthere were 1000 shares before the deal, this means 200 additionalshares. Free money to start a startup in a placewhere few succeed is hardly free. So theyre going to raise $200,000.
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