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Please write a post about financial security as a pre-req to doing a startup. I advise having at least a year's worth of living expenses saved. Because you don
by hugs 12y ago
Please write a post about financial security as a pre-req to doing a startup. I advise having at least a year's worth of living expenses saved. Because you don't want to be worried at all in the beginning about how you're going to pay your bills. You're going to start worrying when that money is half gone, and it sometimes takes more than 3 months to get traction.
I think many founders pursue funding too soon (and thus give up too much equity to VCs much too soon) because they didn't have enough savings at the start. I would expect VCs to disagree with me about that because it's in their interest to do so. :)
- _abattoir 12y ago"VC here. We have always been at war with Eurasia."