Five things start ups must spend their money on

Jeremy Liew of Valley VC group Lightspeed Ventures has an interesting little post on the Lightspeed Venture Partners blog called "Five things startups should not skimp on". Read his post for the full details but his top five things not to save money on are:

1. Large monitors for better productivity (I would add more than one is even better)
2. Comfortable ergonomic chairs to keep the team healthy
3. High Quality Speaker Phones to make sure conference calls go smoothly
4. Experienced Law Firms for trhe right "i" dotting and "t" crossing; and
5. Administrative Assistance to keep the entrepreneurs and engineers creating and coding.
   

Have a read here. Applies to not just startups in the online travel industry.

thanks to veesees on flickr for the photo