Yes it is.

Or... one could make many addresses that pay for the developer and are hard-coded into the
source so that starting from a certain block height, they become spendable. So the premine
is spread over length of time, thus giving incentive for the devs to work hard and keep the
market value up.

And... in this case the devs could allocate some of the premine to those who have already
sold their NUD to the team, so nyaah nyah to you stingy tightwad whales.

But... in the open source world, if you have genuinely innovative code, you don't necessarily
have to pay for the development. Just be open and build it, they'll come.

On the other hand... if you're looking to making some profit from the code,
make sure you've got a solid business plan before the launch so you don't have to wake up after month
or so to the fact that "hey I'd better have some of these coins too!"