4 ms·

how much is 40k in chile? can i and 2 other cofounders move there and have a good place to stay each? ...maybe one or two with the wifes?

• herval 15y ago
  you can only spend 350k pesos per founder, from those 40k. The rest should be used for other expenses, such as hiring, software (housing/rent is also refundable outside the 350k cap), etc. 350k pesos = 760 usd/month, which allows for some pretty ok living (a decent meal runs for 3-4k pesos, subway tickets are 500 pesos and so on). I'm here with my wife, there's a guy here with SEVEN kids. :)
  • gcb 15y ago
    3-4k pesos per meal is already over 500k for one month, two people. meal price * people * two meals day * 30 days 3k * 2 * 2 * 30 = 360k other comments mention rent $300 (150~200k pesos?)
    • herval 15y ago
      rent is not on that 350k limit (u can spend up to 600k a month in rent, which is enough for a pretty nice place - I currently pay 300k and live in the trendiest city in town) if you're bringing family here, don't expect to be able to feed everyone on restaurants two times a day, every day of the week. That's impractical on basically ANY city, if you have a family. Alas, if you're planning that, you should not even be considering bootstrapping....
      • gcb 15y ago
        ah nice to know all that. thanks so, updating my back of the envelope math for the monthly costs: ~US$700 rent ~US$700 for 'living' (food, transport, etc) ~US$4000 for paying two extra junior programers that will take you around 7 months to burn the 40k. maybe 6 if account for the trip and initial set-up. interesting.
        • ebaysucks 15y ago
          I'm doing my business plan right now and what you say is about right. Don't forget to have some budget for operating expenses - services like github, mailchimp, accounting program really add up... Of course you can assume your revenue will cover those.