Monday, November 07, 2005

Paul Graham on the Venture Capital Squeeze - or will founders be able to get VC funding AND partially cash out?: "Will a partial buyout clause make their way into early stage VC termsheets? I would say no, but then - there was a time when you had to give away percentage points of your company to find new digs... just because there was a lot of competition." —Jeff Clavier (SoftTech VC)