www.paulgraham.com

OCTOBER 23, 2010

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. A lot ofwould-be startup founders think the key to the whole process is theinitial idea, and from that point all you have to do is execute.Venture capitalists know better. Ideally you want between two and four founders.

Startup 105

Startup Cofounder Software Stock 105

Feld Thoughts

JULY 14, 2015

A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. The product gets a lot better. Here’s the scenario.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

crowdSPRING Blog

FEBRUARY 16, 2016

Myth #2: You need a lot of money to start. Businesses do require some capital, but this doesn’t mean that every startup has to raise millions of dollars in seed money. They didn’t have the ability to crowdfund or go to an incubator either, so they did the only thing they could do in 1996: work out of their garages.

Washington 48

Washington Incubator Cofounder Angel Investor 48