2005 Government Revenue Seed Stage 
www.paulgraham.com
OCTOBER 23, 2010
March 2005 (This essay is derived from a talk at the Harvard ComputerSociety.) Usually you get seed money from individual rich people called"angels." the seed stage, investors dont expect you to have an elaboratebusiness plan. A rich companyis one with large revenues. This money isnt revenue.
www.paulgraham.com
APRIL 28, 2010
November 2005 Venture funding works like gears. There never has to be atime when you have no revenues. 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.
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