Our plans were to draw a minimal salary to pay rent and feed ourselves. At that point, we were on the verge of having to take on credit card debt. So that’s what we spent it on. After that, we also hired our first employee with that money.
Sadly no. We saved up money by moving into the suburbs halving our living costs a couple years before even starting the company. Both Alex and I didn’t come from money or didn’t have family around to fall back on. We had student loans. We started out with net negative net worth after graduating from MIT.