In general, in startups, spending money carefully is a good thing. Cash is the lifeblood of any company and spending it wisely is critical. Having said that, there are areas where you should be prepared to spend because your business depends on it. It doesn’t pay to be too cheap when it comes to your attorney, your hosting & infrastructure and most of all, your people. Identify the critical elements of your business and spend appropriately in those areas. Be as cheap as possible everywhere else.Don’t get me wrong, you have to spend money slowly, but if saving a little today costs you a lot tomorrow, you’re making a bad decision.¬†¬†