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How far does $1,000 go for a young (unmarried) just out of college engineer? Just for reference I will give you what my first paycheck was 1 month out of a mid
by gjkood 14y ago
How far does $1,000 go for a young (unmarried) just out of college engineer?
Just for reference I will give you what my first paycheck was 1 month out of a mid-level engineering college with a Comp. Sc. major. Rs 2,000/mo as a software engineer. After my boarding (shared) and living expenses I could still save close to Rs 1,000/mo.
Granted this was 20 years ago and in a non-metro area, so adjusted for inflation lets multiply that by 10.
So $1,000 (= Rs 50,000) today, could feed a hungry unmarried entrepreneur on a Dosa (substituting for Ramen here) budget and shared living with friends for several months.
After all this is a startup.
Keep your eyes off those Aeron chairs and you could manage to run a lean startup for several months on that.
- arocks 14y agoI am not sure if those numbers hold good anymore. The starting salaries have gone up to 10-25K, thanks to growing cost of living in India. That hardly gives you a few months to survive. Even if you were willing to sacrifice a decent paycheck, you need to think of hosting, marketing and other expenses.