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The Next Bubble – Don’t Get Fooled Again

Steve Blank

Bubbles are not new; we have had them for hundreds of years (the Tulip Mania , South Sea Company , Mississippi Company , etc.). Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation.

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How to Fund a Startup

www.paulgraham.com

One of the dangers of taking investment from individual angels,rather than through an angel group or investment firm, is that theyhave less reputation to protect. Angels and even VC firms occasionally do this, but they alsoinvest at later stages. The problems are different in the early stages.