Get Started:

Save your favorite educational content in collections called 'Chunks'. It's like a “Pinterest for Education”. You can create boards of articles, videos, podcasts, books, and more...

Sign Up
ARTICLE

How to raise money | YCombinator. Paul Graham essay

View more from: http://paulgraham.com

YCombinator. Paul Graham essay: September 2013

Most 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. But the three phase path is at least the one about which individual startups' paths oscillate.

This essay focuses on phase 2 fundraising. That's the type the startups we fund are doing on Demo Day, and this essay is the advice we give them.

[...read more]




ABOUT THIS ARTICLE

|
CHUNKS WITH THIS ARTICLE
Paul Graham essays (Y Combinator)
Chunk saved by: Brian

Fund raising guide for entrepreneurs
Chunk saved by: Brian