Mint.com的发展之路

Thursday, October 8, 2009

Mint CEO Aaron Patzer on Startups from Techcrunch on Vimeo.



Garage Stage ( 6-8 month):
- He invested about $50K his own money in the early stage.
- First engineer paid $3000 per month, 2% equity
- Second engineer paid same, 1.5% equity
- Legal fee was deferred payment for 0.5-0.75% of equity
- goal for garage stage: usable but not polished or scalable product
- headcount for garage stage: 3-4 engineers, 1 product/frontend, 1 business generalist

Seed Stage (up to 12 month):
- $750K raised from angels
- He paid himself $50K/yr
- VP of engineer paid $90K/yr, 4% equity
- Legal cost is always high. VC will ask you pay their legal fee, $30K for their own, $30K for VC's
- revenue projection is bullshit
- per use / per client revenue is most important
- goal is to launch a scalable and profitable product

Funded stage
- salaries + overhead is about $200K/yr for 30 people
- total burn $6m/yr

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