Ask HN: Influx of investment?
ASK HN:
Question #1: If you had an influx of investment capital into a web startup and wanted to be sure to spend the money wisely (Technology department) what would you spend it on? It's not a done deal, but this would be a multi-million dollar influx of capital into our project.
Question #2: What are the questions you would ask yourself to assess the scenarios, or are there any good "rule of thumb" formulas out there?
Question #3: the initial word is approx. 15% would go to Technology dept. Does this sound like a reasonable allocation given that this is a web startup?
PS. Please don't ask specific questions about the identity of the startup. I would prefer you pose your questions or comments to the thread as hypotheticals.
I'm fairly frugal by nature, but when I see something I have to have, and understand the value, I'm not shy about pulling the trigger. The point of the money is to scale fast. So everything that supports that. From the tech side, enough machines/devs/ops/training to get continuous integration flowing and increase your development speed. For a web startup - large monitors, powerful dev machines, extra servers for testing and running stuff, free drinks and free food