Ask HN: What do start-ups need seed money for?

Re:Ask HN: What do start-ups need seed money for? by rickymm3 on Thursday January 17, 2013 @10:36AM (#5073171)

Thanks for the reply. So, to clarify, raised capital goes into the pockets of the founders? There is not typically a contract involved that requires company registration (i.e. incorporated), or suggestion on where to put the money?

Thanks again!

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Re:Ask HN: What do start-ups need seed money for? by redspark on Thursday January 17, 2013 @10:48AM (#5073243)

I have not raised money myself, but everyone I know who raised a seed round, incorporating was one of the stipulations. There is always a contract (term sheet), which spells out certain requirements. But typically the bulk of the money raised, goes toward supporting the founders as they build/launch the product.

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