In last week's MBA Mondays, I wrote about burn rates at three stages of a startup. The first stage is what I called "Building Product Stage" and I suggested that a burn rate of $50k/month was appropriate for that stage.
I got a fair bit of pushback in the comments for that part of the post. My favorite push back came from The Kid, who said:
50k a month?!?!??! maybe it is such in venture world, but if you're a broke ass fool bootstrapping his/her way, try 5k per founder a month until you have paying customers. if you're hardcore (translation: desperate broke ass fool), cut that number in half -- it's definitely possible.
To read the full, original article click on this link: aA VC: How Much To Burn While Building Product
