How to Save Money at Startups

Starting a startup? Jason Calacanis, the founder of Mahalo has some tips on how to save money:

Buy Macs.

Buy second monitors.

Buy lunch / eat-in / no-meetings.

Buy cheap tables but expensive chairs.

Don’t buy a phone system.

Rent out your extra space.

Outsource accounting and HR.

Don’t buy everyone Microsoft Office.

Use Google hosted email.

Buy your hardest working folks computers for home.

Fire people who don’t love their work.

Stock the fridge with sodas.

Allow folks to work off hours.

Go to each of your vendors every 6-9 months and ask for 10-30% off.

Don’t waste money on recruiters. Use linkedin/Facebook.

Really think about if you need that $15,000 a month PR firm.

{ 2 comments… read them below or add one }

TopDog November 12, 2010 at 12:06 PM: The part about the expensive chairs was interesting: I wonder if people who visit offices are inclined to be impressed by nice chairs.

BigTimeHockeyMom August 19, 2011 at 7:21 AM: Only having people who love their work will go a long way towards ultimate success.