Startup Financing

Advice #1 don’t go to VC’s unless you have too. 
Process explained by Paul Graham:
Step 1. Get Seed money from Angels

Step 2. The next round of funding is the one in which you might deal with actual venture capital firms. When you get a couple million dollars from a VC firm, you tend to feel rich. It’s important to realize you’re not. A rich company is one with large revenues. This money isn’t revenue. It’s money investors have given you in the hope you’ll be able to generate revenues. So despite those millions in the bank, you’re still poor.


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