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"Five of us spent nearly a year and a half of our lives and over a million dollars in cash and sweat equity developing the iFlowReader app" if they were seriou
by senthilnayagam 15y ago
"Five of us spent nearly a year and a half of our lives and over a million dollars in cash and sweat equity developing the iFlowReader app"
if they were serious about the risking all their eggs in same basket, they could have used consultants/outside developers to port their app to other platforms with less than 10% of the said investment
- djloche 15y agoNote that they state both cash and sweat equity of one million+. Between five people and 1.5 years, a million dollars in sweat equity for developers is probably understated. They invest the time & skills (that they could have been using to freelance or consult for others) into their own company. Some people would consider this 'free' - but it's not free, the opportunity cost is still there. When you're closing shop without a gain, you are going to start looking back and counting all those lost opportunities in terms of dollars.