How to Raise Money
September 2013Most startups that raise money do it more than once. Others skip phase 1 and go straight to phase 2. And at Y Combinator we get an increasing number of companies that have already raised amounts in the hundreds of thousands.
- ▪September 2013Most startups that raise money do it more than once.
- ▪Others skip phase 1 and go straight to phase 2.
- ▪And at Y Combinator we get an increasing number of companies that have already raised amounts in the hundreds of thousands.
Paul Graham — Essays files mainly under blogs. We currently carry 219 of its stories.
Opening excerpt (first ~120 words) tap to expand
Want to start a startup? Get funded by Y Combinator. September 2013Most startups that raise money do it more than once. A typical trajectory might be (1) to get started with a few tens of thousands from something like Y Combinator or individual angels, then (2) raise a few hundred thousand to a few million to build the company, and then (3) once the company is clearly succeeding, raise one or more later rounds to accelerate growth.Reality can be messier. Some companies raise money twice in phase 2. Others skip phase 1 and go straight to phase 2. And at Y Combinator we get an increasing number of companies that have already raised amounts in the hundreds of thousands.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Paul Graham — Essays.