How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
Startups valuations aresupposed to rise over time. So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation. Some angel investors join together in syndicates. You dont have to spend time on bureaucraticstuff, because you havent hired any bureaucrats yet.
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