How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
There never has to be atime when you have no revenues. Some angel investors join together in syndicates. Theyleave 20% as an options pool for later employees (but they setthings up so that they can issue this stock to themselves if theyget bought early and most is still unissued), and the three founderseach get 25%.
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