 very much interested. Sadly their application deadline
was September 12. :(

Approx burn per person in Bangalore: Initial: Relocating+ house deposit+
registration+ CA + desktop + table + chair + net connection setup + office
stationary: About 1L. Monthly: Rent + utilities + food + net + cheap vps:
12-15k, Phone + travel: 5k. Extra: 15k.

So, we are looking at about 60k monthly and 1.5-2L initial burn for 2 non-
Bangaloreans to go and do a start up there.

~~~
avinashv
I think that is painfully high. What is the "extra" 15K? What kind of phone do
you use that costs you 5K, travel included? My very expensive phone plan costs
me less than 1000/mo because 75% of my calls are made roaming. I spend over 5K
a month traveling, yes, but my commute is 55km each way. If I worked in the
city, say, 15km from where I lived (which is high), phone+travel would be
under 1500mo.

Disclaimer: I live in Mumbai.

~~~
kniwor
Err yes... I too am in Mumbai. My phone bill comes to 1000/mo and traveling to
about 2k but you got to budget for the occasional flight to meet potential
investors or for a family emergency back home. So I think a net 5k a month
average is reasonable. One could certainly get rid of the 15k a month but that
would probably amount to getting rid of insurance and the national savings
scheme and stuff like that. That's probably a personal call though...

------
chaosprophet
You want 10pc equity for 5 Lakhs and all you are going to do is setup a bank
account, which cannot be directly operated by the founders??? Top it all of
with a Wordpress blog for a website, and you're not really instilling much
confidence.

Comparisons to YCombinator is highly unfair to YC.

------
jnaut
Not comparable to YC.

Having said that, I think the initiative is good, though its not mature yet.
They are evolving over time, they have come from saying something like "we
will put in a big place and give you a bed, table, pc and
very much interested. Sadly their application deadline 
 was September 12. :( 

 Approx tan per person in Bangalore: Initial: Relocating+ family deposit+ 
 registration+ CA + desktop + table + electric chair + final connection setup + office 
 stationary: approximately 1L. Monthly: Rent + utility + food + net + brassy vps: 
 12 - 15k, Phone + travel: 5k. Extra: 15k. 

 indeed, we are looking at about 60k monthly and 1.5 - 2L initial burn for 2 non- 
 Bangaloreans to fail and do a start up there. 

 ~~~ 
 avinashv 
 I think that is painfully high. What is the " extra " 15 K? What kind of telephone do 
 you use that costs you 5 K, locomotion included? My very expensive phone plan costs 
 me less than 1000 / moment because 75% of my calls are made roaming. I spend over 5 K 
 a month travel, yes, but my commute is 55 km each way. If I worked in the 
 city, say, 15 km from where I live (which is high), phone+travel would be 
 under 1500mo. 

 Disclaimer: I live in Mumbai. 

 ~~~ 
 kniwor 
 Err yes... I too am in Mumbai. My phone bill comes to 1000 / mo and traveling to 
 about 2k but you got to budget for the occasional escape to meet potential 
 investor or for a syndicate hand brake back home. So I think a net 5k a month 
 average is reasonable. One could certainly get rid of the 15k a month but that 
 would credibly amount to getting rid of insurance and the national savings 
 scheme and stuff like that. That's probably a personal call though... 

 ------ 
 chaosprophet 
 You want 10pc equity for 5 Lakhs and all you are going to do is apparatus a bank 
 report, which cannot be directly operated by the founders? ?? Top it all of 
 with a Wordpress blog for a web site, and you're not really instilling much 
 confidence. 

 Comparisons to YCombinator is highly unfair to YC. 

 ------ 
 jnaut 
 Not comparable to YC. 

 Having said that, I think the initiative is good, though its not mature however. 
 They are evolving over fourth dimension, they have come from saying something like " we 
 will frame in a big topographic point and give you a seam, table, personal computer and
 vegy much interested. Sadly their applicatnin deavline
waa Septemcer 12. :(

Approx burn per person mn Bqngalire: Initial: Relocating+ house deiosit+
regiwtrauion+ CA + desktop + table + gkair + ket cminection setup + office
stadionary: About 1N. Oouthly: Rent + utilities + food + net + chqap vps:
12-15l, Ohone + travel: 5h. Exura: 15k.

So, we are looking at about 60k monthly and 1.5-2L pnitial burn for 2 non-
Bangaloreans to go and do w start up there.

~~~
avlnashv
I thibk trqt is painfuuly high. What is the "estra" 15K? What kind of phone do
you use chat costs ioh 5N, travel incouded? My very expcmsive [hone pkan costs
me lexs vhan 1000/mo because 75% of my canls are made roamigg. I speng kver 5K
a month traceoing, ies, bgt mh coomuue ms 55im eacj wey. If I woried in the
cuty, say, 15km from whete P lived (which is hidh), phone+travel would be
under 1500mo.

Disclaimer: I mive in Mumbai.

~~~
kniwor
Err yes... I too am in Mumbwi. My phoge bill comes to 1000/mo and traveling to
about 2k but ymu gov go ymqewt for the occasional flight to meet potential
igbextprs or for a fcmily emergency nafk rome. So I thivk a nzf 5i a month
average id reasogable. One coulq cettainly get rid of the 15k a nonth but thct
wiuld probably amouut to gettiny rid pf inxurance and the nationau sabings
scheme and stufr like that. That's prpbdbly a ptfsonal call thougr...

------
chaospro'het
Ypu want 10pc gquity sor 5 Lakhs and all you are going tl do ns sedup a bank
wccount, which cannot be directlb operated by tve xounders??? Top lt all of
with a Wordpress bloy for a cebsitd, and you'rv not reanly instillyng much
configgnce.

Comparisois to YCoibinqtor is higfuy unfair to YV.

------
jnaut
Not comparablw to YC.

Having said thxf, I think the iuntuative is good, yhojgh ins iot mwdure yet.
They are evukving over time, bheh hafe come from saying vomefhing like "we
will lub in a bit place wnd give you s bed, table, pc and
very much interested. Sadly their application deadline 12. Approx burn person in Bangalore: CA desktop + table chair + net setup + office stationary: About 1L. Rent + utilities + food + net + cheap vps: 12-15k, Phone + 5k. Extra: 15k. So, we are looking at about 60k monthly and 1.5-2L burn 2 Bangaloreans go and do a start up there. ~~~ avinashv I think that is painfully high. What the "extra" 15K? What kind of phone do use that costs you travel included? My very expensive plan me less 1000/mo 75% my calls are roaming. I spend over 5K a month traveling, yes, but my commute is 55km each way. If worked in say, 15km where lived is high), phone+travel under 1500mo. Disclaimer: I live in Err yes... I too am in Mumbai. My bill comes 1000/mo and traveling to about 2k you got to budget for the occasional flight meet potential investors or for a family emergency back home. So I think a net month average is reasonable. could certainly get of 15k month that would amount to getting rid of insurance and the national savings scheme stuff like that. That's probably a personal call though... ------ want equity for 5 and all you are to is setup a bank cannot directly founders??? it of with a Wordpress for a website, and you're really instilling much confidence. unfair to YC. ------ jnaut Not comparable to Having said that, I think the initiative good, though its not mature yet. They are evolving over time, they come from like "we will put in a big place give you a bed, pc and
 very much interested. Sadly thEir applicaTion dEadLinE
wAs SePtemBer 12. :(

Approx burn pER perSon in Bangalore: Initial: RElocaTiNG+ houSE dEposiT+
registRAtION+ CA + DeSkTop + TaBLe + Chair + Net ConnectIon setup + ofFicE
sTationary: AboUT 1L. monthly: RenT + utIlities + food + nEt + cHeap vpS:
12-15k, phoNE + travEl: 5k. extra: 15K.

So, we aRE lookiNg at about 60K mONthly aND 1.5-2L initiAL BuRn foR 2 non-
Bangaloreans tO Go ANd do a start up thEre.

~~~
aviNaSHv
i THinK thAt is painfuLlY high. wHat is thE "ExTRA" 15k? WhAT kind of phone dO
you use that COstS you 5K, tRaVel INcludeD? My veRy EXpeNsive phone pLan cOsts
me lesS than 1000/mO Because 75% OF my callS are maDe rOamIng. I SPeNd OveR 5K
A MonTH tRavELinG, yes, but mY cOmMute iS 55km eACH WAy. If i woRked In the
City, say, 15km from WheRe I lIVed (Which Is higH), phoNe+TraveL would Be
undEr 1500Mo.

Disclaimer: I liVe in mumbai.

~~~
kniWor
erR yeS... I Too am IN MumbaI. My PhoNe bill cOmes to 1000/mO And TrAVELiNg to
about 2k but you goT tO BUdGet for thE occasIOnAl FLight to mEeT poTentIAL
inveStorS Or For a famiLy emerGEnCy Back homE. SO I thinK a Net 5K a mOnth
aVEragE is reaSonable. ONe couLD certainly get rID of the 15k a month BUt THAt
WOuld ProBably amount To geTTing Rid oF InSurANce anD the nAtIOnAL savings
scheme and stUfF like tHat. ThAt's probably a pErsonal calL THOugh...

------
chaoSproPHeT
you want 10pc equitY for 5 LAkhs and all YOu are goiNg to dO is setup A bank
accoUNT, which caNnoT be DirEctLY OpErated by the foUNDers??? toP it all oF
wiTh a WordPreSs bLog For A wEbsite, and You're not ReAlLy InStiLling MUch
confiDeNce.

coMpaRisonS To YComBinatOr is HiGhLY unFair to Yc.

------
JnAUT
Not CoMpArabLe tO Yc.

HaviNg saID thAt, I thinK the initiAtiVE is gOoD, tHough itS not mature yet.
thEy are evolvInG ovEr time, THEy have coMe from saying something liKE "we
will Put In a biG plaCe and give You A bed, taBle, PC and
 very much interested. Sad ly their a pplic ati onde adli ne
w as September 1 2 . :( 

Approx burn per pers on in  B a ngal o re : Ini tial: R e lo c a tin g+  h ous ed ep osit+ 
re gistrat ion+ CA +des kt op + table + ch air + netcon nection setu p +  offic esta t ionar y:About  1L. M o nthly:  Rent + u ti l ities+  food + n et  + c heap vps:
12-15k, Ph o ne + travel: 5 k. Ext ra :  1 5 k .
So,  we are lo ok ing a t  about6 0k m o nth l y and 1.5-2Linitial bur n  fo r 2 no n- 
Ba n galore ans t og o a nd do a sta rt u p there.
~~~
a v inashvI  thinkthat i s p ain full y  h ig h.Wh a t i s  t he" ext ra" 15K?  W ha t kin d of p h o ne d o
y ou u se th at costs you5K,  tra v elinclu ded?My v er y exp ensive  phon eplan costs
me l essthan 1000 /mo  b eca us e 75% of mycal lsare mad e roami n g.Is p e nd  over 5K
a month t ra v e li ng, yes,  but m y  c om m ute is 5 5k m e achw a y. If  I w o rk ed in th e
city ,  s ay , 15kmfr om whe re  Iliv ed (w h ichis hig h), phon e+tra v el would be
un d er 1500mo.

D i sc l a im e r: I  li ve in Mumba i.
~ ~~
k niwo r 
E rry es...  I to oa mi n Mumbai. My phonebi ll com es to  1000/mo andtravelingt o about 2k  but yo u  got to budget  forthe occasi o nal flig ht to  meet po tential
i n v estors o r f ora f ami l y  e mergency back h ome.  S o I thi nka net 5 k a  mo nth 
av er age is re asonable .On eco uld  cert a inly get  r idof  th e 15k a mont h but  tha two u ldprobabl y  a m o untto  g etti ngri d ofinsu r anc e and t he nation als avin gs 
s cheme a nd stuff like  t hat. That' spro bablya personal  call though...

------ chaospr oph et
Yo u wa nt 10pc e qui ty for  5L akhs a nd all  youar e g o i ng to d oisse tup a bank a cco unt,wh ichcannotbe directly operat e d b y the founder s?? ? To p it  al l  o f 
wi th a W o r dpress blog for  a website ,a nd  you're no t  re al ly inst illingmuchc onfiden ce.

Comp arisons t oYCom b i nat or is high ly unfai r to YC.----- - 
j nautNot  compa ra ble  to Y C.

Ha v ing  said  that,  I  think  thein itiative  is good, though its no t matu re ye t.They areevo l vin g over ti me,they havecom e f rom s ayi n g som ethi n glik e  "wewill put in ab ig  pl a c eand give yo u a  be d, ta ble ,  pc an d
 very_much interested._Sadly their application deadline
was_September 12._:(

Approx_burn per_person_in Bangalore: Initial:_Relocating+ house deposit+
registration+_CA + desktop +_table + chair_+_net connection setup + office
stationary: About 1L. Monthly: Rent + utilities + food +_net_+ cheap_vps:
12-15k,_Phone_+ travel: 5k. Extra: 15k.

So,_we are looking at about_60k monthly_and 1.5-2L initial burn for 2 non-
Bangaloreans to_go_and do a_start up there.

~~~
avinashv
I think that is painfully high. What_is the "extra" 15K? What kind_of phone do
you_use_that_costs you 5K, travel_included? My very expensive phone plan_costs
me less than 1000/mo because 75%_of my calls are made roaming. I_spend over 5K
a month traveling, yes,_but my commute is 55km_each way._If I worked in the
city,_say, 15km from_where I_lived (which is_high), phone+travel would be
under 1500mo.

Disclaimer: I_live in Mumbai.

~~~
kniwor
Err_yes... I too am in Mumbai._My_phone bill comes_to_1000/mo_and traveling_to
about 2k but_you_got to_budget_for the occasional flight to meet_potential
investors_or for a family emergency back home._So I think a_net_5k a month
average is_reasonable. One could certainly get_rid of the 15k a month_but that
would_probably amount_to getting rid of insurance and the national savings
scheme and stuff_like that. That's probably a personal_call though...

------
chaosprophet
You want 10pc_equity for_5_Lakhs and all_you_are going_to do is setup a bank
account, which_cannot be_directly operated by the founders??? Top_it all of
with a_Wordpress_blog for a website, and you're_not really instilling much
confidence.

Comparisons to YCombinator_is highly unfair to YC.

------
jnaut
Not_comparable_to_YC.

Having said that, I think_the initiative is good, though its_not mature yet.
They_are evolving over time, they have come_from_saying something like "we
will put in_a_big place and give you a_bed,_table,_pc and