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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

So seed investors usually care lessabout the idea than the people. This is true of all venture funding,but especially so in the seed stage. Like VCs, one of the advantages of seed firms is the advice theyoffer. But because seed firms operate in an earlier phase, theyneed to offer different kinds of advice.