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Of all the things a startup usually buys, what should one skimp on? I would say the bottom line is skimp on things that do not directly have a significant impa
by dkokelley 19y ago
Of all the things a startup usually buys, what should one skimp on?
I would say the bottom line is skimp on things that do not directly have a significant impact on your valuation, profitability, primary product/service, or ability to "do well" in your business.
A shorter way to say this is don't spend money on things outside of what you are doing.
There is no reason for fancy furniture, ping-pong tables, the absolute latest computer hardware (unless critical to your startup), or any of the other 'perks' of a stereotypical startup.
After you are beyond the initial startup phase, then you could make arguments for nicer secondary items, to attract talent, or create a certain work environment.