I may be completely off on my understanding here. I may have been confusing the validator role with the developer roles: Subnets require validators, and each validator must have a minimum of 2000 AVAX
So it may be only the validator who is staking who needs to come up with +- $50k. They do so by tying up their capital in exchange for a guaranteed minimum annual (varies from 8% – 20%)
Appreciate any one’s input on this. Meanwhile let me bury deeper into the Avax telegram group.