So, I'm sure plenty of you have faced this dilemma:
Myself and my 2 partners have gotten accepted into an accelerator/incubator. We are moving to NYC which is obviously expensive. One of the cofounders already lives there.
What is the best way to work out our living arrangements? Do we A) All live together in cramped quarters (it is NYC after all) or B) The one who already lives there continues his life as is and the 2 of us moving there get a place together?
Would love to hear all of your feedback about what has worked or things to lookout for! Thanks.
I live in NYC, and you will be surprised at how expensive it is. Take a look at some of the surrounding areas. Around Hoboken (as Hoboken itself has gotten expensive), parts of Queens and parts of Brooklyn are all relatively cheap. You can find parts of Harlem that aren't too bad, and if you're willing to go very north on the island, there are actual houses that are pretty cheap once you get above Harlem. I would definitely suggest living together if you don't think that social issues will be a problem (which would be a bad sign for your startup regardless). I think getting yourself a little farther away from Manhattan might also help keep some of the social distractions from popping up--it can be tough to code late into the night when you see/hear people out and about having a good time.
That's just my opinion and how I would approach the subject... I'm sure people will have different suggestions.