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> Living in Europe, I have seen my college peers starting startups Probably, the OP sees a distinction between "bootstrapping", and having the startup funded b
by yobbo 4y ago
> Living in Europe, I have seen my college peers starting startups
Probably, the OP sees a distinction between "bootstrapping", and having the startup funded by someone generous or wealthy. In the latter case, it is possible to give "normal" salaries which banks and landlords will accept.
- watwut 4y agoThey were not having generous or wealthy funding. They lived from what they earned from business awarding themselves small nearly minimal salary on the regular and using the rest for the firm. They were able to take money away from the company by giving themselves bonuses as they wished, so they were not actually living on minimal salary. Their salaries were not "normal" for programmers. But banks had setup for this apparently.