Option Pool Product Reputation Syndication 
www.paulgraham.com
APRIL 28, 2010
Then you can gradually transformyourself from a consulting company into a product company, and haveyour clients pay your development expenses. To be a startup, a company hasto be a product business, not a service business. Some angel investors join together in syndicates. There never has to be atime when you have no revenues.
Scott Edward Walker
NOVEMBER 26, 2017
The way the investor thinks about it is that, if you can’t figure out your way to network your way to [an investor],… then you’re unlikely to be able to network your way into hiring a great team, or network your way into selling your product to customers. (at In fact, in this new fundraising environment (with syndicates on AngelList , etc.),
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