Career · Entrepreneur memoirs

Paul Graham:What I Worked On, Excerpt 6

Paul Graham《What I Worked On》· What I Worked On · Leadership · Investing

You had to be pretty bold to sign up for a weird thing like the Summer Founders Program instead of a summer job at a legit place like Microsoft or Goldman Sachs. The deal for startups was based on a combination of the deal we did with Julian ($10k for 10%) and what Robert said MIT grad students got for the summer ($6k). We invested $6k per founder, which in the typical two-founder case was $12k, in return for 6%. That had to be fair, because it was twice as good as the deal we ourselves had taken. Plus that first summer, which was really hot, Jessica brought the founders free air conditioners.

Source: https://paulgraham.com/worked.html
Locator:Essay, additional excerpt 6 · Verified:2026-10-19 · Verification:Short excerpt

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What does this passage say about how you work today?

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