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6 Myths On Starting A New Business That Can Kill You

Startup Professionals Musings

Starting a new business is fraught with challenges, and none of us has the bandwidth to kill them all. You have to pay big salaries to get top-notch help. Most business partners I know take little or no salary in the early years. Unless your company is a hobby or side project, I recommend a strategy that assumes growth.

Bandwidth 246
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The End Of “Build It Yourself” Software

YoungUpstarts

New wave tech companies like Facebook, Google and Twitter have to hire thousands of developers with six-figure salaries to offer products that work well. Most companies don’t have the cash or bandwidth to support long development cycles and hire boatloads of developers.

Software 248
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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

It’s lost salary for a period of time. Servers, databases, bandwidth – they’re all virtual now. Pay me half salary until the fund is closed. I figured that the alternative was that I start my third company with no salary and all risk. On half salary and my own moving expenses.

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The Boundaryless Era: the Time for Distributed Teams

ReadWriteStart

The best people are either getting offers from or already working for, an 800-pound gorilla that won’t even notice a salary that might break your bank. An annual salary of $82,000 now puts single adults in the “low income” bracket as well. Hiring local talent will force you to pay more than you can afford.

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Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

That is excluding a single line of code or paying any salaries. We put all of this infrastructure in an Exodus web hosting facility and had to pay for rack space, bandwidth and some management services if a disk failed, for example. No wonder people had to raise $5 million just to get started back then. We raised $16.5

Cloud 343
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Lies About Startup Legal Fees

Austin Startup

A COO / CFO wants to justify his salary, and an easy way to do that is by claiming to ‘save’ you legal fees via DIY legal work. What’s his/her starting salary?” Last time I checked a solid software developer will cost you six figures in salary; ignoring equity. You’re not saving anything. Me: “Great. CEO: “What?

Startup 48
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Why Uber is The Revenge of the Founders

Steve Blank

In the 20th century learning the best practices of a startup CEO was limited by your coffee bandwidth. In the 20th century the only way the founder made any money (other than their salary) was when the company went public or got sold. 2. Information is everywhere. 6. Founders Take Money Off the Table.

Founder 245