meta user
network profile
| bio | website | |
|---|---|---|
| location | ||
| age | ||
| visits | member for | 1 year, 2 months |
| seen | Mar 27 '12 at 1:26 | |
| stats | profile views | 6 |
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Jul 10 |
awarded | Teacher |
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Mar 11 |
comment |
Can startup funding cover founder's personal expenses? @rbwhitaker I talked to the bank about it and asked them if they could grant me a reprive for say 6 months to a year on the loan. But they wont, if I miss 2 consecutive payments my loan would be declared an NPA and the rate would start increasing. |
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Mar 11 |
comment |
Can startup funding cover founder's personal expenses? @AlainRaynaud Yeah. All i need is to pay a few installments of my loan until the business becomes profitable enough for me to take a decent salary out of the revenues. I don't at all intend to pay off the entire amount of the loan from VC funding, just a few monthly installments. |
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Mar 11 |
accepted | Can startup funding cover founder's personal expenses? |
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Mar 11 |
answered | What services have people used to assist them in writing their business plan? |
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Mar 11 |
answered | What is a good marketing framework for an internet marketplace application |
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Mar 11 |
answered | Statistics about startup success vs. failure rates? |
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Mar 10 |
comment |
Can startup funding cover founder's personal expenses? Yes I am aware this makes possibility of funding even harder. There fore we have decided to launch the site now and try and get users and once we have enough user traction investors would be more willing to open their purse strings. Until then I will have my job to sustain myself, drive the startup and pay off the loan. |
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Mar 10 |
comment |
Can startup funding cover founder's personal expenses? Agreed and that is why I wanted some expert opinion. For the time being, both of us (the founders) would be working to support this venture in our free time and will also help me to pay off a good portion of my loan. But once I quit my jobs and start full time on the startup, the salary I would be drawing would have to cover my living expenses (which sadly includes my loan). I am taking up a job and would be starting paying off my loan immediately but once I quit that job I would need money to survive until the startup starts generating enough revenues |
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Mar 10 |
awarded | Scholar |
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Mar 10 |
comment |
Can startup funding cover founder's personal expenses? Yes, that is a huge problem. I was initially a little naive in thinking that our academic pedigree and CV would easily get us funding. That notion has long gone. It sure helped us in getting some attention from angels but they want a prototype and want us to show some traction before committing money. |
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Mar 10 |
awarded | Student |
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Mar 9 |
awarded | Autobiographer |
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Mar 9 |
asked | Can startup funding cover founder's personal expenses? |
