PR Pre-Money Valuation Product Seed Money 
www.paulgraham.com
OCTOBER 23, 2010
During the Internet Bubble there were a number of startups founded by business people who then wentlooking for hackers to create their product for them. In nearly every failed startup, the real problem was that customersdidnt want the product. Probably because the product wasa dog, or never seemed likely to be done, or both.
This is going to be BIG.
SEPTEMBER 7, 2012
Reality is that venture is a bunch of individual stories, individual assessments of teams, unique products, and a whole lot of stars lining up for particular companies for success to happen. If you're doing seed deals, how often does a down round in a seed deal even happen? Down from what?
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