I'm currently in the very beginning stages of starting my own company. All the money I saved went into the programming and development of the app my business revolves around.
So basically, in a month or so I will have a very rough version that can be tested, but obviously I have to start building the business around it.
As with most people, I will require some type of funding from VC or an angel investor of sorts, but my question is, as I write my business plan...how do investors feel about funding payroll?
For example, say I have three employees (myself and two other founders)...obviously we have to have monetary means to survive during the start-up phase... so how do I address this? Do I build this into my plan as a needed amount that needs to be funded?
Even at very low compensation (enought to survive and pay my monthly student loan) in addtion to the two other people, the cost I'm looking at is greater than any of the other resources will be. Is this normal?
Or is it assumd that you will just have to "figure it out" as far as supporting yourself and all investment dollars will go into the actual tangible resources of the start-up...
Any help would be greatly appreciated.