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It seems easy enough to agree that running a startup cheaply is good. However, seldom are people quantitative about what is cheap. Any chance we can get some n
by rguzman 17y ago
It seems easy enough to agree that running a startup cheaply is good. However, seldom are people quantitative about what is cheap. Any chance we can get some numbers? What's a cheap burn-rate for a startup with 3 founders? 3 founders + 3 employees? ...?
- owinebarger 17y agoPeople are quantitative when they do their business planning. In this context cheap is when cash flow is running close to break-even or better. If you have employees without revenue, it's probably not cheap. If you'll need employees for an extended period before getting significant revenue, you'll need to figure out how to convince investors to open their wallets first.