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I've already spoken to 5+ people in the industry using my contacts and have already changed my idea once. I've shifted from an UI first approach to focusing mo

I've already spoken to 5+ people in the industry using my contacts and have already changed my idea once. I've shifted from an UI first approach to focusing more on the API. I've also gotten feedback on data formatting and I have some ideas there on how to deal with it. I'm still not there yet because my change in tack means that I need to speak to a slightly different set of people. So I'm getting out there and doing the research. One of main concerns I guess is that if I stay in my job I will never get anything done or if I do it will be at a much slower pace...then the idea will fade and die... PS on buying a house, it would be a small $150k house with the mortgage, tax and insurance coming to $1k pcm which I'm comfortable with especially since we'd have some savings.

Eridrus 10y ago
> I've already spoken to 5+ people in the industry using my contacts and have already changed my idea once. I've shifted from an UI first approach to focusing more on the API. Do they have the authority to authorize purchases or have very significant input on purchasing? Are those people telling you they would buy it at a price that it makes sense to develop this tech? Have you talked pricing with them? Can you get them to sign a contract saying they will buy it if you can deliver it by some date in the future? Can you get them to sign a letter of intent? A lot of people will tell you that your idea is interesting, most of them will flake out on you. > One of main concerns I guess is that if I stay in my job I will never get anything done or if I do it will be at a much slower pace...then the idea will fade and die... The idea may die and fade, but that will be because you have decided it's not a good idea to continue with. You have way more free time than you think, you can spend all of that time on your startup idea. If you really do want to accelerate development speed, consider using something like UpWork; you can find developers who are specialists at what you want for much lower than your current salary. IANAL, but you may even be able to write this off on your taxes if you file as a sole proprietorship. > PS on buying a house, it would be a small $150k house with the mortgage, tax and insurance coming to $1k pcm which I'm comfortable with especially since we'd have some savings. You know your own situation best, but make sure you understand all of the one time costs involved with buying a house and how much savings you will have left over and consider what will happen if things go much worse than expected.

Eridrus 10y ago

> I've already spoken to 5+ people in the industry using my contacts and have already changed my idea once. I've shifted from an UI first approach to focusing more on the API. Do they have the authority to authorize purchases or have very significant input on purchasing? Are those people telling you they would buy it at a price that it makes sense to develop this tech? Have you talked pricing with them? Can you get them to sign a contract saying they will buy it if you can deliver it by some date in the future? Can you get them to sign a letter of intent? A lot of people will tell you that your idea is interesting, most of them will flake out on you. > One of main concerns I guess is that if I stay in my job I will never get anything done or if I do it will be at a much slower pace...then the idea will fade and die... The idea may die and fade, but that will be because you have decided it's not a good idea to continue with. You have way more free time than you think, you can spend all of that time on your startup idea. If you really do want to accelerate development speed, consider using something like UpWork; you can find developers who are specialists at what you want for much lower than your current salary. IANAL, but you may even be able to write this off on your taxes if you file as a sole proprietorship. > PS on buying a house, it would be a small $150k house with the mortgage, tax and insurance coming to $1k pcm which I'm comfortable with especially since we'd have some savings. You know your own situation best, but make sure you understand all of the one time costs involved with buying a house and how much savings you will have left over and consider what will happen if things go much worse than expected.