moge
Joined 16 years ago
Joined 16 years ago
Question: Bringing in $3600 and only profiting $400; was the whole thing worth it in the end?
ps. all you project manager makers TODO list startups, listen up. Your app is not a project management app until it has dependencies. If you don't have dependenies you are just a TODO list; Basecamp, I'm looking at you ;)
When I was 27 I raised 1mil in an angel round. I was just out of college (I'm a vet so my college was delayed while I served) and was flat broke. I was 'advised' to take a minimal salary and proceeded to bring on 12 employees all who made most money that I.
2 years later when we ran out of money I had zero dollars in the bank (zero). I had no savings, I had no safety net. I was F'd. I spent 6 months homeless traveling with a circus to save enough money to move back to Chicago.
It is my personal advice that you take a minimum salary, rent, food, bills, and have the company pay you $500/month into a savings account that vests when you leave the company. Doing this one thing will give you some peace of mind that when this wonderful ride comes to an end that you will at least have some money in the bank to make your way again.
I am all for ramen-rich I think it is actually a good thing but I am here to tell you that if you don't take care of yourself financially you are setting yourself up for huge failure if/when the money goes away.
Personally, I would like ALL angels, VC's and incubators offer young entrepreneurs these 'bronze parachutes'. You don't have to pay them much right now but I do feel you need to make sure they, at the very least, don't crash and burn if the second round of funding doesn't come through.
Create a button that says 'track now' or some other call to action.
Once I read the middle paragraph I understood how it works but I bet most people will never piece that together.
and yes, package tracking would also be good. Have a look at Dominos pizza order tracker. Something as easy as that would be fun and engaging.
However, if I was going to just get a degree then work at a startup just go somewhere with a good program and then let your git repo be your resume.
former theatre producer and Harpo stagecrew
founder of http://iHearteSports.com
jason [at] iheartesports dot com