One of the myths in Silicon Valley is that it's somehow super-cheap to build a company. Much of that theory is based on the fact that you can get a lot of very high-quality software very cheap or free, thanks to open source and cloud computing. But getting beyond a prototype of a product takes a lot more cash.
To build a quality, sustainable product and have a business that scales, you will sooner or later have to hire people, and in the Valley that usually means engineers. And engineers aren't cheap these days.
The infographic below from … Read more