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Whenever I see news about some startup raising $400K or something like that, I just can't think of what to do with this amount of money (in USA at least). It's
by rorrr 15y ago
Whenever I see news about some startup raising $400K or something like that, I just can't think of what to do with this amount of money (in USA at least). It's so little. Good developers are expensive. Great developers are very very expensive. $400K can get you maybe 2 good developers + an accountant + crappy office space for a year + all kinds of expenses.
- angryasian 15y agoif a team consists of technical talent, and hiring a junior developer or two, makes sense.
- culturestate 15y agoI agree. We're lucky to be building in a desirable but relatively cheap part of Florida (Gainesville, home to the University of Florida and Grooveshark, and in a state with no income tax) and $400k doesn't stretch very far. I can't imagine what it would be like building in the valley or NYC on that.
- robryan 15y agoIt depends really, if you don't expand and just work as cofounders willing the take just what they need to get by then that kind of money is going to last a long time. You are right if you are looking to hire full time employees though.