As long as $5000 is enough for you to survive 3-4 months, go for it. As others pointed out, calculate your burn rate and make sure you won't call it quit after

As long as $5000 is enough for you to survive 3-4 months, go for it. As others pointed out, calculate your burn rate and make sure you won't call it quit after a month. You need enough time to put a MVP out there! As a side not you will probably lose the money, but the learning experience will be invaluable :) From what I understand sounds like your burning rate should be pretty low. $5k could be enough. The risk seems minimal. You are just out of school, not leaving any kind of high paying job (anyways, you can always find one if you fail). The worst case scenario is losing that 5k. You can do it!