I'm 34, have a 3 year old at home and my current startup hit product-market fit at pretty much the same time as my son was born.
I work about 40 hours a week, keep a sane and flexible schedule, pay myself a market salary and try to keep the business mostly profitable.
It also helped to have investors that were 100% on-board with all of this and are supportive of running a calm company: https://calmfund.com/
You can generate revenue to infinity, but you can only cut costs to zero.
This alone means that a bias toward frugality will probably cause you to spend time on the wrong things. It's the equivalent of a freelance developer who charges $100/hr spending 5 hours on Amazon trying to save a couple bucks on an iPhone cable. Cool, you saved $3. But you spent $500 to save it!
Of course, if you haven't found product-market fit, frugality can help give you more time to find it. But once you have a proven business, frugality is a death sentence. While you're trying to save $20/month on your email marketing tool and $50 on cheaper coffee for the office, your competitors will be spending their time and money to acquire your customers.
Generally, you get what you pay for. So if your gut is to always pick the cheap option, you're going to be using bad tools and hiring bad people, and creating bad products.
I've seen so many companies spend themselves to death and its easy to have it happen much faster than anybody in charge realizes.
I've also seen companies grow expenses as things go well and suddenly there's a massive downturn in the market and they can't recover in time. Meanwhile, more frugal companies have the runway to weather unexpected events.
So I still think there's more value in frugality than is generally accepted.
"Based on the Starlink website, that all satellites will be deployed below 600km. In this case, satellites may be visible during twilight but not after nightfall, greatly reducing the potential impact to astronomy."
Can anybody verify this?
Likening crying at your desk to a delightful video game is exactly the kind of analogy that I would expect from one of Jeff Bezos' employees.
Trusted Insight is a well-funded startup building Fund Studio - a "CRM" for the Venture Capital and Investment industries helpings LPs and GPs manage and evaluate their investments.
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