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> 1. You have enough to cover your costs while in SF What about your costs back home? You need to earn enough to live in SF plus pay for your food and mortgage
by quickthrower2 8y ago
> 1. You have enough to cover your costs while in SF
What about your costs back home? You need to earn enough to live in SF plus pay for your food and mortgage etc. at home for your family. You really need some savings.
- Grustaf 8y agoLet's say you normally earn 120 k a year, or 10k a month. You and your cofounder share a studio in SF for 5k, then you need 10 + 10 + 5 = 25 k a month, meaning the YC money lasts you 4 months if you both had a good salary and don't want to compromise at all. If you are lucky enough to be earning more than 120 k now, then I'm sure you have 100+ stashed away by now, so it really should be a no-brainer for almost anyone. In reality most people earn much less, and are willing to dial down their spending a bit for a few months, so I really don't think money is an issue for the vast majority of YC applicants.
- quickthrower2 8y agoThe 100 stashed away is the issue though. Even if you have it, it might be rainy day money not for living expenses for a moonshot.