http://disqus.com/people/139d5da0746a6741cbfbb62cccd172c9/enThu, 10 Apr 2008 12:37:58 -0000http://johnerik.disqus.com/austin_startup_community_vision_true_alpha/#comment-1748063@Julie - By legal and regulatory hoops, do you mean incorporating and related tasks? That should be under $2k. <br><br>The quintessential (and only a few years old!) seed-funding group is YC, the members are startup veterans that have made their millions. Because the startup veterans relate to new founders, they decide who to invest in based on the {creativity, intelligence, potential} of a team. There's a certain amount of trust given and the amount of investment is small enough that babysitting is not necessary.<br><br>Traditional VC folks are in the business of choosing investments from the analysis of numbers and many do not yet realize without early investment there will be no startups that can take a couple million and output a figure with more zeros attached.mattreplWed, 09 Apr 2008 10:40:22 -0000http://johnerik.disqus.com/austin_startup_community_vision_true_alpha/#comment-1748060@John Erik - Thanks for following up with that.<br><br>@Julie - I was referring to the cost for individuals to incorporate, open up a bank account, and get a couple hours of a lawyer's time when I threw out the $2k figure.<br><br>Even the investment and operation points you mentioned can be streamlined by providing would-be founders with a agreement templates that allow them to fill in the blanks. With fewer choices, the more optimized (in both time and money) the process becomes.mattreplThu, 10 Apr 2008 12:37:58 -0000