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Self funding amounts and seed funding amounts are generally at least an order of magnitude different, sometimes two. It doesn't really make sense to draw an equ
by ericd 9y ago
Self funding amounts and seed funding amounts are generally at least an order of magnitude different, sometimes two. It doesn't really make sense to draw an equivalency between them.
For example, I started my company with 20k of savings. It's not uncommon for seed rounds to be in the 2M and up range now.
- dbcurtis 9y agoI was going to say something like that. There is a tendancy around HN to equate "startup" with: Me, my laptop, and a couple of AWS instances at $0.70/hr. On the other hand, if "default alive" means paying a pattern shop for a master pattern and buying 1000 aluminum castings to fill in 3% of your BOM cost, most folks need outside money.