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> But this looks like a way too big jump for me. What if I fail? What if the startup fails because of me? Yes accept! Use that fear of failure to tap into you

> But this looks like a way too big jump for me. What if I fail? What if the startup fails because of me? Yes accept! Use that fear of failure to tap into your drive, creativity, and bring your A game. Business/Tech Management/Leadership are ALL learned and practiced things. Money should NOT be an issue-- go to back to your boss. Share with him your bare bones monthly budget. Tell him you need $X just to eat beans & rice and pay basic bills. Can he help cover you during the gap before funding? Could someone else, say a family member cover you for 6 months? Strike a bargain with him, keep your part-time job for necessary cash-flow, then work part-time on the startup. If you believe in this guy, the two of you can find a way. Incidentally, you might find Josh Kaufmann's Personal MBA a helpful read > https://personalmba.com/ https://personalmba.com/

tixocloud 11y ago
Agreed. If they really want the company to succeed and they need you to steer the ship, they should at the very least make sure you don't have to worry about these things.
giaour 11y ago
This is absolutely terrible advice. The OP could be making six figures at a real job, not "beans and rice" money at a position that will be taken from him as soon as the company is funded.
- JSeymourATL 11y ago
  Focusing on "real job" compensation is myopic thinking. The promise of any startup is the potential reward on the Back-End (not to mention incomparable experience). Any bootstapper understands the beans & rice context, especially in the pre-revenue/pre-funding stage. It's never a permanent condition.
  - giaour 11y ago
    You can use the stock and salary you get working for a megacorp to invest in a startup if you want. That seems like a smarter way to gamble on startup success than with your time. https://michaelochurch.wordpress.com/2012/07/08/dont-waste-your-time-in-crappy-startup-jobs/ https://michaelochurch.wordpress.com/2012/07/08/dont-waste-y...
    - JSeymourATL 11y ago
      No significant reward comes without risk. As for optimizing time, overpaid Megacorp salarymen frequently find their skills out-of-date- with career options and earning potential derailed in their early 40s. Timing is everything.
askafriend 11y ago
Awful awful advice. OP, do not be a sucker.

tixocloud 11y ago

Agreed. If they really want the company to succeed and they need you to steer the ship, they should at the very least make sure you don't have to worry about these things.

giaour 11y ago

This is absolutely terrible advice. The OP could be making six figures at a real job, not "beans and rice" money at a position that will be taken from him as soon as the company is funded.

JSeymourATL 11y ago
Focusing on "real job" compensation is myopic thinking. The promise of any startup is the potential reward on the Back-End (not to mention incomparable experience). Any bootstapper understands the beans & rice context, especially in the pre-revenue/pre-funding stage. It's never a permanent condition.
- giaour 11y ago
  You can use the stock and salary you get working for a megacorp to invest in a startup if you want. That seems like a smarter way to gamble on startup success than with your time. https://michaelochurch.wordpress.com/2012/07/08/dont-waste-your-time-in-crappy-startup-jobs/ https://michaelochurch.wordpress.com/2012/07/08/dont-waste-y...
  - JSeymourATL 11y ago
    No significant reward comes without risk. As for optimizing time, overpaid Megacorp salarymen frequently find their skills out-of-date- with career options and earning potential derailed in their early 40s. Timing is everything.

askafriend 11y ago

Awful awful advice. OP, do not be a sucker.