Entrepreneurs: Build it on the cheap (in Cambridge)

We started TerraPass with a $5,000 loan. One of the most important lessons of our experience is that you can reasonably test many business ideas with very little money.

So what do you do if you just need food and a roof over your head while you test out a new idea? If you don’t want to go down the FFF route (friends, family, and fools), you might want to check into a good program that is trying to professionalize the angel process.

The YCombinator team in Cambridge has a very simple application for their Summer Founders Program (due Feb 13). One application, no business plan, and you get $6K per founder to summer in Cambridge.

Their model of investment is quite interesting, and with Paul Graham at the helm, our bet is you will learn a ton at the weekly dinners.

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tom