4 ms·
$80k or $150k seem like pithy amounts of money to fund any sort of company. What am I missing? That's one good person's salary for a year. One.
by dreamdu5t 14y ago
$80k or $150k seem like pithy amounts of money to fund any sort of company. What am I missing?
That's one good person's salary for a year. One.
- timothya 14y agoAt an established company, yes, that's a reasonable salary for a developer. But when you're starting a startup, you don't take a salary of that size. You live cheaply and take only the minimum that you need as you commit yourself to building your company. It's not a life for everyone, but it is the startup life.
- flyinRyan 14y agoSounds like anyone with a family is pretty much excluded from what you call "startup life" then. $80k wouldn't get me alone through half a year without selling my house and moving somewhere really cheap in the US.
- 46Bit 14y agoIf you need to pay salaries , you're going to have to burn your own savings or seek further funding. This is a seed investment to help you prove your idea, or a bit of a boost for a business with profits too low to get impact from reinvestment.