If you're a hot startup, investors will offer you money on … - Paul Graham

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If you're a hot startup, investors will offer you money on terms so good it would seem crazy to refuse. And yet it will often be the right thing to. Not because of the dilution, but because raising too much will make your company slack and bloated.

Paul Graham

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About Paul Graham

Paul Graham (born 1964) is an English computer scientist, essayist, entrepreneur, venture capitalist, and author. He is best known for his work on the programming language Lisp, his former startup Viaweb (later renamed Yahoo! Store), cofounding the influential startup accelerator and seed capital firm Y Combinator, his essays, and Hacker News.

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The reason ideological enforcers want to make you recant is not that they care what you believe. It's to demonstrate their power, and to show which beliefs are forbidden.

That's why forced recantations are public. If they cared what you believed, a private one would suffice.

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You don't need to know more than the most obvious things about business to start a startup, but you need to be at least decent at building things, in order to build sufficiently good initial versions.

If you're a hot startup, investors will offer you money on terms so good it would seem crazy to refuse. And yet it will often be the right thing to. … - Paul Graham

About Paul Graham

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