It's strange to meter the base cost spending $1k for domain name registration... and more than $4k in legal stuff. The base cost is mostly zero in the real world as the founders should be able to write code instead to buy it, create a basic logo with inkscape (http://www.inkscape.org) in few minutes and get a cheap hosting somewhere.
A VC with a working mind can learn this without spending $12k ;)
Wasn't Ycombinator itself enough of a proof?
Re:Kawasaki: How I wasted $12,107 on Truemors
by create_account on Tuesday June 05, 2007 @12:09PM
(#26468)
I think he did it to find out what the base cost of a web startup is.
You're being very charitable.
he may have learned less than he realizes. What he's learned is what it takes to make a prototype. Most of the work comes after that
Right, and it'll give him the wrong impression going forward.
Imagine being funded by him and having him complain to you that your site cost more than $12k to build.
That's one VC to avoid in the future.
The only catch is, he may have learned less than he realizes. What he's learned is what it takes to make a prototype. Most of the work comes after that.