so, updating my back of the envelope math for the monthly costs:
~US$700 rent
~US$700 for 'living' (food, transport, etc)
~US$4000 for paying two extra junior programers
that will take you around 7 months to burn the 40k.
maybe 6 if account for the trip and initial set-up.
I'm doing my business plan right now and what you say is about right. Don't forget to have some budget for operating expenses - services like github, mailchimp, accounting program really add up...
Of course you can assume your revenue will cover those.
so, updating my back of the envelope math for the monthly costs:
~US$700 rent ~US$700 for 'living' (food, transport, etc) ~US$4000 for paying two extra junior programers that will take you around 7 months to burn the 40k. maybe 6 if account for the trip and initial set-up.
interesting.