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> Back in the day, founders would go into debt to buy a hard drive. Some even mortgaged their homes to keep things afloat. I can remember my first company, Mag
by cubano 11y ago
> Back in the day, founders would go into debt to buy a hard drive. Some even mortgaged their homes to keep things afloat.
I can remember my first company, Magicomm, in 1988 bought two 25Mhz 386's after we released our first BBS-based search engine and we literally went into pretty severe debt IE no paychecks for a month/living off raman, so this isn't just bullshit.
It really was that.
I still remember our first "partnership" offer (not sure what its called now)...."free" office space and $5k for 51% of the company from a local guy who owned a shady call center. I had to beg my partner not to take it, too.
My dad ended up letting us borrow a few $k and gave us a closet to work out of at his medical office.