Ask HN: two questions about seed loans
We're currently looking to take a seed loan in the amount of 10-15k, probably from someone we know, to bring us through the next 6 months of alpha development.<p>First question: For this kind of (high-risk, IT start-up) loan, what's a reasonable interest rate? Any considerations on how this is typically set up? What should we take into account in negotiating it?<p>Second question: How much of a financial cushion would you recommend taking? My most optimistic financial projections say that we will probably make it with 8k, but of course we want at least a little safety net for unanticipated expenses and delays. What kind of range do you typically see for start-ups' in terms of safety capital?