Hi there,
Many thanks for the thoughts.
I'll get stuck into them over the weekend.
rgds,
- matt.
2009/7/24 Sherif sherifgmans...@gmail.com
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Peter,
First work out a budget ? ie. how much are you going to spend of your
income that year ? Are you paying just yourself or other staff ? etc.
Also, this is a great time to look at how your personal finances are
concerned ? will you be having other income (ie. still working)
during this
Just beware that a young company with debt can also be a big turn-off
for investors if that's your aim ('cause they don't want their money
paying off your loan). IMO you're better off putting the money in as
equity and then using it to trade as silky recommended... nice and
clean.
On Jul 24,
Pieter:
I've done this with 3 startups I founded in the last 10 years, and it worked
out great. As the other commenters have correctly pointed out, it can't be
just a selfless giving: there must be a budget and thus a limit.
Regarding investors: in fact, it's very common to fund startups being
Mark,
I've been really impressed with Bankwest. We moved to them after being
continually screwed by CBA on fees, etc. Of course, CBA bought Bankwest in the
washup from the GFC, but from what I can tell they're being left to themselves
for the time being.
Geoff
PS - what state are you in?
