3 ms·
Congrats. Hard to say which to go with but I think it's worth taking a deep look how feasible each is. #1 sounds good, it seems to be less risk with highest r
by qwrusz 10y ago
Congrats.
Hard to say which to go with but I think it's worth taking a deep look how feasible each is.
#1 sounds good, it seems to be less risk with highest reward. And you say this is the one option that is a dream. But if choose this how likely is burnout? If it truly is very likely, then take that under consideration. Burnout is real.
#2 The appeal of #2 depends on your background. Do you know a few investors you can relatively quickly and easily meet with that could give this business/you flying solo a few 100k seed? If yes, maybe just take a coffee or two and see what they say. No harm in that and you will get feedback and know the cost of this option. If you don't know investors, then raising a seed round will take some time and energy. You would have to put other things on hold while you spend time doing this and without knowing what the outcome will be.
#3 Could you hang on 3 months and go with #3? You say 6 months to get to cover expenses. Is keeping the current pace going for 3 more months, evaluate again, then borrowing a small amount just for the final few weeks possible?
Best of luck.