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Ask HN: How you pay bills b/w DemoDay and getting VC funded?
Since YC only gives a little bit of money that is supposed to last you until Demo Day, and it is a known fact that it can be a while until you get the actual check from an investor, how are founders supposed to pay bills during that time if at Demo Day they have not yet established a revenue stream higher than their costs?
- hrasm 16y agoOne planned way to mitigate this is to work a steady job for a while. Save a bunch and then dive in. You know exactly how long your savings will last. Though a bit different from your question, I just read a story about Airbnb on how they funded themselves selling something at a fundraiser or some such. Sure money is a good lubricant; but it doesn't stop someone who is really after something.
- abbasmehdi 16y agoI'm not stopping or planning on stopping, I'm just wondering from a money management point of view. Seed is supposed to last you till funding, but I guess the idea here is for it to last you till Demo Day.