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Ask HN: Where to invest $5K?
Is it possible to start some startup with this money? If someone have some success stories to share with us it would be more than welcome.
- JamesPeterson 15y agoPersonal development. $5k won't last you long with a startup, but if you can use the money to obtain a better job it might make it easier to work around.
- mrkmcknz 15y ago$5k is such a small amount and even some seed funding rounds will run up legal fee's not too short of that. Personally, I'd sit tight on it until you get around $15,000-$25,000.
- deleted 15y ago[deleted]
- heyimfromreddit 15y agoOkay, I'm in the OPs position but have $15,000-25,000. Where to invest?
- bigohms 15y agoIt all depends on your definition of "some start up". A mobile fruit stand costs $25 for licensing fees and around $250 in inventory around these parts. On the other hand, launching a domain registrar is looking more like a startup business needing around $250-300K. I would recommend you keep your eyes open for a problem, then build a solution to address said issue. Focus your resources on growing your user base and then your revenue slowly. Look into the term "bootstrapping" for businesses funded this way.
- abbasmehdi 15y agoKickstarter, IndieGoGo, Invested.in, Pledge Music, Sellaband and Spot.us.
- fezzl 15y agoContrary to what some people might say here, $5k is a lot of money. It is entirely possible to build a company and bring it to (ramen) profitability with less than $5k. I personally barely spent $1k this year.
- mattm 15y agoIncluding your living costs? Where do you live? You spend less than $100/month? When people say "ramen profitable" it generally means paying you enough to live on cheaply so you have all your time to work on the business.