HOW TO DETERMINE THE AMOUNT OF FUNDING YOUR STARTUP NEEDS

- Let's Make It Easy -

To determine the amount of funding needed for your startup, this formula may be helpful:

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Multiply the number of people you want to hire, times $15,000 times 18 (months).

EXAMPLE Let's say you need to employ 10 persons:

5 x $15000 x 18 = $2,700,000 

This means that $2.7 million is the amount your startup needs to function for the next 18 months.

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I would appreciate it if you could find time to comment on other easy ways to determine the amount of funding a startup needs.

Formula Credit: Paul Graham (CEO of Y Combinator)

#startup #Funding #Ceo #SeedFunding #InvestmentInsight

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I recommended that you also go through my post titled:

UNDERSTANDING STARTUP FUNDING STAGES