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How to Start a Startup

www.paulgraham.com

You could sense them squirming on the hook, but you knew there would be no rest for them till theyd signed up. If you build the simple, inexpensive option, youll not onlyfind it easier to sell at first, but youll also be in the best position to conquer the rest of the market. Ididnt realize that when we were raising money.

Startup 105
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To Follow On or Not to Follow On

This is going to be BIG.

If you're doing seed deals, how often does a down round in a seed deal even happen? If you're investing at pre-money valuations in the low to mid single digits, then how much worse can the next round even get? But that's when you've actually proven this thing is a viable company and there's work worth protecting.