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I recall that article too. It's slide 5 of the mint.com presentation http://techcrunch.com/2009/10/08/startups-101-the-complete-m...

-$250k per business guy.

And I think the argument is pretty sound. He's talking about your prototype valuation. The article is focused on post-launch. Hiring a product person pre-launch is probably a waste of money, unless you have the loot to have a 20 person team pre-launch.




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