The poverty part about a startup is true. To save money I bought a mountain bike and soon afterwards sprained my ankle so I couldn't ride my bike (to save on gas money) and then I caught the flu and I've been down for the count for 2 weeks recovering and didn't have the strength to pedal.
Little things like comcast bills and tmobile bills add up.
Starbucks adds up but that's the only place next to Cafe Borrone that I brainstorm and relax enough to write code and design web pages and mess around with ColdFusion8. None of my great ideas came to me in my apartment. They all happened while sitting in a cafe relaxing. My neighbors at my apartment complex are not american and not programmers but they do seem to have a keen interest in bad loud music and burning out with their cars in the parking lot.
Founders At Work is a good book and a good read but another book I'd like Livingston to write is about failed startups.
Also, a lot of the stories in the book are software projects and not true startups. In a startup you have to embrace failure and change and headaches and it's a demon of a roller coaster. So though it's a startup I still have costs like car insurance, gasoline, food costs, 1,100 a month rent, utilities for electricity. I have a programmer executive chair, a desk from Scandinavian designs and a camping air mattress from REI and a sleeping bag and blankets and great pillow from Bed Bath & Beyond. Shopping at Costco is recommended rather than Safeway or Longs Drugs to save money. So starting a startup doesn't take into account the 3,500 I shelled out for a Macbook Pro (which I bought thinking I was going to become a teacher) and I do use a wind up flashlight from REI for light but I'll switch over to candles soon. Cutting costs is the name of the game.
But finding dedicated programmers is the key to victory.
I don't recommend anyone start a startup by themselves because there is so much you have to think about and get feedback from friends. I changed the entire design of my site just a week ago and writing requirements is a pain but a necessary pain. Also, milestones work. It's easier to tackle one pebble at a time rather then a whole boulder which is just too overwhelming. Daily progress and weekly progress is the only way it will work.
Also, I have recruited many of my friends to help out when the site launches in terms of testing, and accounting, and customer service and they're all going to work for free but none of my friends are coders. Everyone I used to know that wrote code doesn't write code anymore. They either got carpal tunnel or just cut coding cold turkey.
Having money is key. I'm funding this startup with my
inheritance but if I don't get funding or the site isn't making enough dough by Valentines day the site will crash and burn and then I'll have to sell my car and I don't want to do that. I sold my car for my first startup and that was the biggest mistake I made in my entire life. Life is much more difficult without a car.
Having money is key. I'm funding this startup with my inheritance but if I don't get funding or the site isn't making enough dough by Valentines day the site will crash and burn and then I'll have to sell my car and I don't want to do that. I sold my car for my first startup and that was the biggest mistake I made in my entire life. Life is much more difficult without a car.