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You know what's going to happen with that mentality brought to investors. They gonna demand lower pay rates, forcing people to move to lower income areas.
by JoeOfTexas 6y ago
You know what's going to happen with that mentality brought to investors. They gonna demand lower pay rates, forcing people to move to lower income areas.
- spoonjim 6y agoNot really. The investors will want you to use capital efficiently. If that means hiring remote developers in the Philippines then that’s what they will want but for other applications, hiring away the $500k engineer from Google is the only way to accomplish the task.
- 908B64B197 6y ago> If that means hiring remote developers in the Philippines then that’s what they will want I'm not sure the first stages of a startup is the right time to start handholding offshored devs. You typically want talented folks with you because change will happen fast. No time to draft new requirements and make sure via lengthy meetings that the offshored devs really understands them.
- artembugara 6y agoVC want you to efficiently spend money. Grow. Raise more. Exit. Or die ASAP
- madamelic 6y ago>VC want you to spend money. Grow. Raise more. Exit. Or die ASAP FTFY ;) Too many unprofitable / "pre-profit" companies have five figure monthly office rents for this to be untrue. Maybe I am biased but having heard and seen horror stories of founders losing their companies because of _having_ to raise money: no thanks. Bootstrap and if it doesn't hit ramen profitable, no biggie. If it does, go raise at favorable terms because you don't need their money.
- tjs8rj 6y agoInvestor money used responsibly can be a huge boon. The main benefit is speed and focus. Bootstrapping often means you need to do side jobs, and that faster experimentation can be cost prohibitive. That means raising, but living cheaply, is probably optimal. If you can get to a million ARR or die in 3 years instead of 8, take it.