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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars. Salary costs go up rapidly, as people require training, bonuses, expense reimbursals, and an office with a requisite support team and supplies.

Cost 264
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The Best Ways to Save Money as a New Startup

ReadWriteStart

Someone with 20 years of experience in the industry may seem like a great fit for growing your organization, but they’re also going to demand a high salary. Rely on Open Source Software. Open source software has a lot of advantages, the most notable being the fact that it’s typically free to use, even for commercial purposes.

Startup 106
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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

John Berger, Director Operations & Impact Solutions, Toniic , observed that this has clear investor benefits: “ The grace period became a feature because it benefits investors in regions like the US where there can be tax differences between short and long term gains. Founder Earnings” (Founder Salaries + Dividends + Retained Earnings).

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Startups Want Chatbots but 80% Lack Knowledge About Conversational AI

ReadWriteStart

DeepPavlov.ai, is the team behind the open-source Conversational AI stack designed to enable faster and easier chatbots and AI-assistants’ development. Gartner says that small businesses can save money on salaries and training by replacing people with chatbots. Expectations vs. Reality .

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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

They have open-sourced their investment structure , now on version 3.0, According to a recent interview with Founding Partner Andrew Oved, Reformation invests in SaaS (vertical and application software) and consumer product businesses that have achieved $1M-$5M in annualized revenue, while operating capital efficiently.

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

Both Sides of the Table

When I started my first company in 1999 we spent more than $2 million on technology infrastructure including Sun servers & Solaris operating system, Oracle databases, EMC storage, load balancers, app servers, back-up devices, disk mirrors and on and on. That is excluding a single line of code or paying any salaries. We raised $16.5

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30 Money Saving Tips For Your Business

Up and Running

You probably don’t have a big portion of your income that you can tuck away as savings, and you welcome opportunities to make your operations more cost-effective. Use Open Source and Cloud Computing. Sourceforge.net has an index of open source options. Review your operating expenses.