4 ms·

Skribit didn't say what kinda money they were looking at though... From what I know, most angel rounds get funded by multiple angels each putting in between 25-

by aditya 17y ago

Skribit didn't say what kinda money they were looking at though... From what I know, most angel rounds get funded by multiple angels each putting in between 25-50k, so if you wanted to get in on that, you should :-)

PStamatiou 17y ago
Still not sure what kind of money we're looking for but talking to other startup friends (and assuming the money is in SV and have to relocate) it's about 175k-200k for 1 year of 2 full-time coders. I can personally live rather cheaply (heck $15k seed lasted over a year and I'm still running with it) but it depends on the going rate for rails coders and such. Not many coders I've come across care about equity these days and are all "fuck you, pay me" haha. http://news.ycombinator.com/item?id=1097188 http://news.ycombinator.com/item?id=1097188 So increase that amount depending on what we want to do - 3 full-time devs and a business/sales guy for 18 months, or 3 full-time devs, a biz guy and part-time designer? Then I have to think about if I want to take the Venture Hacks route of "raise as much as you can, when you can" or the Om/Fred Wilson route of "milestone funding".. enough to get to X, then raise again. What do I know about funding I'm just a coder. :)
- maxklein 17y ago
  I don't think 200k will be enough for that number of people over that period of time. You'll be cash strapped.
  - ynniv 17y ago
    Your dollar goes farther in Atlanta than the Valley.
    - PStamatiou 17y ago
      I love Atlanta but the angel landscape here is quite different and has seen better times: http://techdrawl.com/sig-nificant-blas/ http://techdrawl.com/sig-nificant-blas/
      - noodle 17y ago
        if you were to get sufficient angel investing, and location wasn't an issue, would you stick with ATL or move to SV or elsewhere?
        PStamatiou 17y ago
        if that was the case i would stay in atlanta for sure. i live right next to a huge park (Piedmont) with my black lab. i often go running through the park with her, spend time out there on sunny days and so on. it can't get better than this for a dog owner! that and there are lots of women in Atlanta :) - a top 10 city for singles the last few years. I believe it was #1 in 2008 by Citysearch or some other site. Can't say the same about San Francisco.

by aditya 17y ago

PStamatiou 17y ago

Still not sure what kind of money we're looking for but talking to other startup friends (and assuming the money is in SV and have to relocate) it's about 175k-200k for 1 year of 2 full-time coders. I can personally live rather cheaply (heck $15k seed lasted over a year and I'm still running with it) but it depends on the going rate for rails coders and such. Not many coders I've come across care about equity these days and are all "fuck you, pay me" haha. http://news.ycombinator.com/item?id=1097188 http://news.ycombinator.com/item?id=1097188 So increase that amount depending on what we want to do - 3 full-time devs and a business/sales guy for 18 months, or 3 full-time devs, a biz guy and part-time designer? Then I have to think about if I want to take the Venture Hacks route of "raise as much as you can, when you can" or the Om/Fred Wilson route of "milestone funding".. enough to get to X, then raise again. What do I know about funding I'm just a coder. :)

maxklein 17y ago
I don't think 200k will be enough for that number of people over that period of time. You'll be cash strapped.
- ynniv 17y ago
  Your dollar goes farther in Atlanta than the Valley.
  - PStamatiou 17y ago
    I love Atlanta but the angel landscape here is quite different and has seen better times: http://techdrawl.com/sig-nificant-blas/ http://techdrawl.com/sig-nificant-blas/
    - noodle 17y ago
      if you were to get sufficient angel investing, and location wasn't an issue, would you stick with ATL or move to SV or elsewhere?
      - PStamatiou 17y ago
        if that was the case i would stay in atlanta for sure. i live right next to a huge park (Piedmont) with my black lab. i often go running through the park with her, spend time out there on sunny days and so on. it can't get better than this for a dog owner! that and there are lots of women in Atlanta :) - a top 10 city for singles the last few years. I believe it was #1 in 2008 by Citysearch or some other site. Can't say the same about San Francisco.