How to Convince Investors
paulgraham.com
How to Convince Investors
Marc Andreessen on what VCs look for in startups
“The conventional statistics are that about 200 of the 4,000 venture-fundable companies per year will be funded by a top-tier VC. About 15 of those will someday get to $100MM of revenue, and those 15 will generate something on the order of 97% of all of the returns for... See more
Startup Archivex.comThe two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a few big winners, and (2) that the best ideas look initially like bad ideas.
Paul Graham • Black Swan Farming
The returns from startup investing depend far more on which companies you fund than on how good the terms are. I often (probably more often than not) agree to invest in startups without asking what the valuation cap will be.
Paul Grahamx.com