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Re: [newtech-1] What would you do with $10,000?

From: rburton
Sent on: Tuesday, December 11, 2012 10:24 PM
That would be an interesting blog. "How cheap bastards rule the world"

The title would be slightly misleading, but the objective would be to tell people how to spend and not spend money.

On Dec 11, 2012, at 7:18 PM, Cheryl <[address removed]> wrote:

My advice is bank the $10,000 and save it for when you need it. Do everything – and I mean everything – you can for free. Get to a point where it’s not possible to and then prioritize what you MUST do to move to the next step. Don’t spend a penny until you absolutely have to.

 

People spend a lot of money on bullshit and the ones who make money are cheap-ass bastards who do what they can on their own for as long as possible. I have yet to meet a successful entrepreneur who doesn’t fit this bill, including filmmakers. You have to be a doer, not a spender. If you want people to tell you what to spend on, you haven’t figured out what needs to be done yet. Figure that out.

 

-Cheryl

 

On Dec 11, 2012, at 5:37 PM, Rich Berrebbi <[address removed]> wrote:



Hi

Hope everyone is doing well.

 

The question pertains to the most optimal use of initial funds for a start-up on Day 1.

 

Finally able to focus some on a new start-up I believe has merit. Obviously, this idea will take more than the $10K to get started but looking for different technical perspectives on the optimal way to start. Consider the money initial seed funding as it were.

 

Ideally I would like to have a beta/demo/video something to show other (thus making it real) so they can begin to see the vision for themselves. 

 

Would you start with wireframing? Use something like justinmind.com

 

Having someone do the wireframing, what would be a reasonable range of hourly charge for someone domestically? (Even though I have used overseas outsourcing, I believe it to be best utilized for specific functions)

 

Better off starting with a completely non-technical video? (My limited intelligence has pretty much guaranteed that I will not be breaking new ground technically lol)

 

Really looking for some insightful perspective to consider as well as any recommendations. 

 

In case it is space dependent, consider it  music-social space.

 

Thanks for any feedback.

Rich





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