We are two cofounders. We both had full time jobs. We worked nights and weekends for a year and got something out the door. Now that it is going well, I made a

We are two cofounders. We both had full time jobs. We worked nights and weekends for a year and got something out the door. Now that it is going well, I made a deal with my employer to switch to part-time. I consolidated my fixed costs (aka sold the car, got rid of cable) to be able to live on a part-time salary. The other cofounder is on an H1-B, so he doesn't have the same options. We live in Cambridge, MA, so you can get by without a car. Food is cheap, and rent is in the range of $700 a month with roommates. So one should be able to live in Cambridge comfortable on about $1600 a month. Once we get funding, we will both do it full-time.