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Aye exactly, the linked post is great advice, but if you can't pay your company run rate (i.e. you can't pay your own rent!) then you have two options: raise mo
by jlees 17y ago
Aye exactly, the linked post is great advice, but if you can't pay your company run rate (i.e. you can't pay your own rent!) then you have two options: raise money or get a job/other source of income and keep going part-time.
"Raise money" can include selling, but if you're still developing the product, what do you sell? Not everyone can conjure weeks' or even months' worth of living expenses out of the air while the product gets done.
- anigbrowl 17y agoRight. To make more product (in this case, a cooking show), I need to hire people and equipment. there are limits to what's possible with energy and good will alone, and asking people to intern or work for equity on mission-critical tasks (rather than strategy) is often a false economy. At present I'm arguing that we're budgeting too much on sales and promotion (although it's very important) and not enough for the actual production costs. Not unlike coding, there's an unfortunate perception that enthusiastic and creative people are worth less than the revenue specialists. There's a reason for the stereotype of the sales guy who makes 10x more than the engineer who delivers a functional, reliable product :-/
- rjurney 17y agoYou have a third option, and its build a product you can afford to bootstrap.