8 ms·

$1,000 a month per person? Really?

• sanjayparekh 17y ago
  No, not really. I'm so surprised at how little people read postings before jumping to an analysis. It's $6k per founder for a 3 month summer program. That works out to $2k per founder per month.
  • maxwin 17y ago
    But they say they expect you to last 6 months.So it is 1000 per month! I think that's what r238 meant.
    • sanjayparekh 17y ago
      True but that's a recommendation, not a requirement. Honestly most of the teams from last year had a bit of runway after the three month summer program. Granted our funding was different last year but founders need to be focused on capital conservation which is, I think, the point of the statement.