3 ms·
The answer should almost always be yes (you have enough funds) because in most cases it’s wiser to stay at your day job and bootstrap a side project. I don’t k
by jv22222 8y ago
The answer should almost always be yes (you have enough funds) because in most cases it’s wiser to stay at your day job and bootstrap a side project.
I don’t know why general advice is to leave the day job and go all in. IMHO that is terrible advice.
- DVassallo 8y agoI addressed this in another comment, but it is not always possible to start something on the side with a full-time job. In my case, my employment contract prevented me from doing that. And even if it didn't, it would have been hard to find the time between work and family. If I didn't have enough savings, I might have taken a different approach - maybe start consulting or freelancing while boostrapping. But in my situation, I preferred to just focus on my business. I still have the option of doing freelancing/consulting if the circumstances require it. And obviously, I also have to option of going back on the job market if I don't manage to pull this off.
- MaybiusStrip 8y agoLet's say you manage to carve out 2-4 hours a day to work on your side project while remaining a decent person to your wife and kids. Leaving your job means you could spend 11-13 hours a day on it instead. That's an enormous difference and could easily mean the difference between failure and success. Not only that, but you are putting yourself in precarious legal territory by bootstrapping a side project. Your employer could easily claim ownership of all your IP. OP was a senior software engineer at AWS, how difficult do you think it would be for him to re-enter the workforce with a competing cloud provider nor even coming back to Amazon?
- DVassallo 8y agoExactly. And I think nearly everyone in tech is able to re-enter the workforce within < 6 months.