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5-7 months savings is above average I would guess. Here's what I recommend: 1 - Get out of NYC fast!! Find the cheapest place you find comfortable and your 5-

5-7 months savings is above average I would guess. Here's what I recommend: 1 - Get out of NYC fast!! Find the cheapest place you find comfortable and your 5-7 months savings will get you 12+ months. This does not need to be in the U.S. 2 - So you like coding? Ok, but what if for the next 5 years the world won't pay too well for coding? Are you prepared to get into other things? 3 - Don't Panic! Seriously. This is life, stuff happens. Find other things that allow you to be happy. Be positive and start living CHEAP!!!

gravitycop 18y ago
1 - Get out of NYC fast!! How is he supposed to get funding, if he does that? http://paulgraham.com/startupmistakes.html http://paulgraham.com/startupmistakes.html 2. Bad Location Startups prosper in some places and not others. [...] It's an interesting question why cities become startup hubs, but the reason startups prosper in them is probably the same as it is for any industry: that's where the experts are. Standards are higher; people are more sympathetic to what you're doing; the kind of people you want to hire want to live there; supporting industries are there; the people you run into in chance meetings are in the same business. - http://paulgraham.com/startuphubs.html http://paulgraham.com/startuphubs.html In addition to the concentration that comes from specialization, startup hubs are also markets. And markets are usually centralized. Even now, when traders could be anywhere, they cluster in a few cities. It's hard to say exactly what it is about face to face contact that makes deals happen, but whatever it is, it hasn't yet been duplicated by technology.
- jhancock 18y ago
  My advice is based on my assessment that the economy is at the beginning of a long and deep "downturn" (call it what you will). I don't think people should completely give up on coding or startups. But some of them should become side projects. How is he supposed to get funding? I am guessing he won't get funding no matter where he is located. Yes, that's a wild guess since I know nothing about his startup. But its the best guess I have. I do agree with PG's "location matters" advice. But it is also advice based on history. The world is changing and the historical value of certain locations might change with it.
- vaksel 18y ago
  that advice is for founders....which he is not
  - gravitycop 18y ago
    OK. I stand corrected.

gravitycop 18y ago

1 - Get out of NYC fast!! How is he supposed to get funding, if he does that? http://paulgraham.com/startupmistakes.html http://paulgraham.com/startupmistakes.html 2. Bad Location Startups prosper in some places and not others. [...] It's an interesting question why cities become startup hubs, but the reason startups prosper in them is probably the same as it is for any industry: that's where the experts are. Standards are higher; people are more sympathetic to what you're doing; the kind of people you want to hire want to live there; supporting industries are there; the people you run into in chance meetings are in the same business. - http://paulgraham.com/startuphubs.html http://paulgraham.com/startuphubs.html In addition to the concentration that comes from specialization, startup hubs are also markets. And markets are usually centralized. Even now, when traders could be anywhere, they cluster in a few cities. It's hard to say exactly what it is about face to face contact that makes deals happen, but whatever it is, it hasn't yet been duplicated by technology.

jhancock 18y ago
My advice is based on my assessment that the economy is at the beginning of a long and deep "downturn" (call it what you will). I don't think people should completely give up on coding or startups. But some of them should become side projects. How is he supposed to get funding? I am guessing he won't get funding no matter where he is located. Yes, that's a wild guess since I know nothing about his startup. But its the best guess I have. I do agree with PG's "location matters" advice. But it is also advice based on history. The world is changing and the historical value of certain locations might change with it.
vaksel 18y ago
that advice is for founders....which he is not
- gravitycop 18y ago
  OK. I stand corrected.