A Fundraising Survival Guide • Hacker News Board

Re: A Fundraising Survival Guide

#91

Post by clearair » Mon, Sep 01, 2008, 7:22 PM UTC

This is the Best Article I have read on the subject.

I've bootrapped (Consulting) a start-up for 9 years... We were early...otherwise it would not have worked.

Now we are shifting gears and productizing. Our new product is less than 12 months old and is already 20% of revenue.

We were a young management team (25) so consulting allowed us to cut our teeth and learn all the topics mentioned...poor advisors, account every expense, learn what net income really means, and how to manage cash flows...

There is nothing magical to starting a business it's just really hard. As one of our Angel's says "Nothing to it, just alot of hard work!"

I have comprimsed alot, haven't started a family, don't own a house, still sub-market income.

My advice: Scope the your vision relative to your ability to take risk. If your wife will only let you run for 24 months don't try to create google.

Re: A Fundraising Survival Guide

#92

Post by USP » Tue, Sep 02, 2008, 10:08 PM UTC

Great content. Long, but very helpful. Anyway, just thought I'd let you know I've referenced your article in a post on my blog - 9 Fundraising Survival Tips For Startups ( http://urbansurvivalproject.blogspot.com/2008/09/9-fundraisi... )

Re: A Fundraising Survival Guide

#93

Post by edeiviscu » Mon, Oct 06, 2008, 12:37 PM UTC

So what I'd like to know is, what does Paul Graham think about the current financial / credit markets crisis. Does the current crisis change any of his views as expressed on this and previous essays? For example the "Mind the Gap" essay comes to mind about generating wealth. With academics such as Nouriel Roubini (Dr. Gloom) predicting a systemic financial meltdown worldwide but mostly in the U.S., how can anyone remain optimistic about the future particularly with regard to fund raising for startups and wealth generation?

Eddie

Re: A Fundraising Survival Guide

#94

Post by jerreldcrider » Sun, Dec 14, 2008, 2:05 AM UTC

As a person in their second start-up company I know that funding is the biggest problem. Your paper helped me understand my effort I have ahead of me. And made me more determined that ever for my idea and company plus it gave me some more ideas. Thanks

Jerrel Crider Graphic Arts Teacher jerreldcrider@yahoo.com

Re: A Fundraising Survival Guide

#95

Post by jerreldcrider » Sun, Dec 14, 2008, 2:05 AM UTC

Thanks your paper gave me new ideas.

Re: A Fundraising Survival Guide

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Re: A Fundraising Survival Guide

#97

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Re: A Fundraising Survival Guide

#98

Post by tripgarden » Tue, Apr 21, 2009, 6:06 AM UTC

This article is the most honest and accurate I've read and describes the mindset and habits of fundraisers and investors perfectly. As a serial entrepreneur and founder of several small startups in China, I have had some experience with fundraising too... and your insights are true even here in the Middle Kingdom.