4 ms·
It all comes down to your expenses. A good rule of thumb is to budget at least 6 months of costs before setting out. Maybe that's some tens of thousands of $. T
by jkarneges 10y ago
It all comes down to your expenses. A good rule of thumb is to budget at least 6 months of costs before setting out. Maybe that's some tens of thousands of $. This is often enough time get some early traction before looking at angel investment or an accelerator. Hopefully at that point you're no longer burning your own money. VCs come much later.
Of course every situation is different. $100K+ commitment is not unreasonable if fundraising is difficult. Then again, some people raise a million bucks after a few weeks of prototyping.
In any case, people with money have more flexibility than people without it. One of the hard truths of startups.