Re:Kagi Raises $670K
by weego on Thursday June 29, 2023 @04:20AM
(#36517800)
$670k investment is not "bootstrap money". It's literally the opposite of bootstrapping. What is the value in this attempted narrative? Is it the entrepreneur equivalent of "I don't work with big data, only 500 billion row sets but..."
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You can pay a couple years software engineers for a year at SF rates
Re:Kagi Raises $670K
by ignoramous on Thursday June 29, 2023 @05:04AM
(#36518076)
Or pay 2 capable engs in India for 11 years. £670k is a lot in some parts of the world
The typical formula is that it costs double a person's salary for the total budget. So really you're saying 5.5 years and 2 people is a low number so maybe you build a team of 4 and then the runway is an excruciatingly short 2.75 years.
That formula makes no sense if you’re a scrappy distributed team.
At that point the numbers are so small that yes, the rule breaks down.
If by « a couple » you literally mean 2 then sure
He clearly meant "a couple of three things" like from the Sopranos /s
I agree with you. The amount doesn't matter.
Investment = you are not personally liable and no need to return the money if u fail. It's not ur money.
Bootstrap = you are responsible to pay it back.iys ur money once u get it.