Frugal Start-ups

 

Here is a great article on Boston-based start-up TicketStumbler.com and their frugal nature. This is a good sign. There has been too much easy money in the market for too long.

I’m not a big believer of the argument that start-up costs for all technology startups have come down to “nil” as many argue. Sure, some computing costs have fallen by orders of magnitude,  but payroll is payroll and employees have to get paid–as does rent. However, frugality starts at the top of the company and costs can be contained.

TicketStumbler is a Y Combinator company. Companies funded by Y Combinator typically are funded with a small amount–usually in the range of approximately $15,000. With Shotput Ventures about to get rolling here in Atlanta with a similar funding model, and with economic times as they are,  I believe we may be about to see an addition to the Atlanta technology funding cycle that is most welcome.

 

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