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by phjohnst
5701 days ago
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Arbitrary rules are clear, yet, but also blunt. If you were building a capital intensive product (see most of the alternative energy/biotech space - to get a prototype built costs millions and millions of dollars in most cases), 250k investment is really low, and probably would have no bearing on the success of a company.
But for a small tech/software company whose only expenses are its 2-3 founders' accommodation and sustenance, 250k is a lot. So maybe some arbitrary rules are the right thing, but there needs to be some common sense and differentiation across different sectors. Not all startups are the same. |
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For an Internet technology startup, $100k is enough (proven in 1999, and renewed ever since).