May 31, 2007
Time in a startup. Our series A took five months start to finish.

Money in a startup. Angel round, series A, office lease, immigration, contracts, we’ve spent nearly $90,000 on legal fees this year. A good startup founder can create $50/hr in value. If you spend an hour saving $20 on a $100 graphics card, you’ve wasted money.

Hiring in a startup. We’ll do whatever it takes to get a good employee: $1,200 last-minute flights, $3,000 referral bonuses, 20% annual salary in recruiter commissions. Running a startup consumes your life. It is important to surround yourself with fun interesting people at work because work becomes your life.

Comments gratefully appreciated. Please send them to me by any method of your choice and I'll include them here.

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