www.paulgraham.com
APRIL 28, 2010
November 2005 Venture funding works like gears. Some angel investors join together in syndicates. Whatkind of anti-dilution protection do they want? The angel now owns 200/1200 shares, or a sixth of thecompany, and all the previous shareholders percentage ownershipis diluted by a sixth. Want to start a startup?
Professor VC
JUNE 20, 2011
In looking back at the old financials, at the end of Q2 2005, our cash balance was a whopping $546. offering to invest $75K if we could find another $250K by September 30, 2005. Before the $52M Series D , the $23M Series C , the $15.5M Series B and the $5M Series A , there were angels writing checks with many less 0s.
Expert insights. Personalized for you.
76 
Let's personalize your content