On Fri, Oct 17, 2014 at 10:18 AM, Josiah Zayner <josiah.zayner@gmail.com> wrote:
I have a question and maybe you know Cathal or maybe Jacob could answer. $35k is obviously not enough to start a company and and to pay a team of highly skilled individuals to live in SF for a period of months.
If I were doing an incubator trying to attract Biotech people, if they were any good, I would expect that they would have a job already. If you have 3 people on a team for 3 months that's ~$3k per person per month and nothing left over. For instance, I live in the SF area and my rent is $1500/month and my apartment is not big enough for a team to live in. I could not live off of the $1500 left over based on my expenses.
To each their own... I lived right next to UC Berkeley for a summer and was paying $200 a week... the fridge was about to fall through the floor into the apartment below and hot water in the shower was non-deterministic... but it worked and was literally right next to campus.
It does seem like providing a dorm-room boarding would be encouraging/enabling for people who don't already live in SF or Cork. I bet the accelerator could manager to get a better rate if they were renting units in bulk.
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