tag:blogger.com,1999:blog-16630165.post7238589072439099779..comments2008-11-11T17:49:37.013-08:00Kevin Moorehttp://www.blogger.com/profile/18365156142606779890noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16630165.post-89729129472972950192008-11-11T17:49:00.000-08:002008-11-11T17:49:00.000-08:00Hey Kevin - Have you read the Paul Graham essays? http://www.paulgraham.com/articles.html?<BR/><BR/>Here's an extract from http://www.paulgraham.com/mit.html<BR/>"Your second advantage, poverty, might not sound like an advantage, but it is a huge one. Poverty implies you can live cheaply, and this is critically important for startups. Nearly every startup that fails, fails by running out of money. It's a little misleading to put it this way, because there's usually some other underlying cause. But regardless of the source of your problems, a low burn rate gives you more opportunity to recover from them. And since most startups make all kinds of mistakes at first, room to recover from mistakes is a valuable thing to have."<BR/><BR/>If you have not read all the essays and you want to do startups then I highly recommend them!<BR/><BR/>SteveSteve J Rodgershttp://www.blogger.com/profile/10495938191875408165noreply@blogger.com