They were all working for free on the unwritten promise they’d get some of the cryptocurrency raised in the eventual crowdsale, while Anthony Di Iorio’s, and later Joe Lubin’s, loans paid for major expenses. The big ones were rent and legal fees. Anthony estimated that, between the two of them, they had lent Ethereum about $800,000, though Joe said it was less than $500,000, without providing a more accurate estimate. The rest of the team also contributed as much as they could, working with no salary, depleting their savings, and using their credit cards to pay for daily expenses.
