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Ask HN: How to make side income of 500-3k$ a month as a CTO?
I've been the CTO and co-founder at my company for many years now, and while the business is running it's not matching my desired income.
I have a lot of time on my hand at the moment (reduced time in the office)
but I don't feel like I have more than 20 hours a week I can give to something else, and at the same time I'm not really coding much on a daily bases anymore.
my skill set includes: engineering leadership, Java / J2EE, react, react-native, android, iOS, aws
any ideas? what would you do if you were in my shoes
- giantg2 5y agoJob hop. Otherwise, maybe look at the other side of the equation and adjust your expectations.
- nickmyersdt 5y agoCan you not do something with that time that enables your business to grow and pay you more?
- byoung2 5y agoIf you have been a CTO/cofounder for "many years" and it is not matching your desired income, then you should not have free time.
- labarilem 5y agoMaybe consultancy to other companies? Lots of startups don't have a highly skilled CTO at the start of their venture. But I'd say try to figure out how to grow your business since it's been running for some years and I assume it's worth investing in?
- trykondev 5y agoThe company I work for has an opportunity available that might be a good fit for you -- we specialize in conducting remote technical interviews as a service. It pays pretty well & the work is very flexible. We have some folks who work full time on our platform, and some who only do 3-4 interviews per month. Feel free to reach out, email is in my profile.
- Trias11 5y agoCrypto farming / liquidity providing. 50%-100%/yr. $3K/mo = $36k/yr = put $75K in passive yielding to get above. Nothing else to do to achieve that.
- mjmj 5y agoWhich protocols and pools would you recommend? I always worry the gravy train will end before you achieve anything close to a years worth of stated returns.
- Trias11 5y agoAlways worth to keep an eye on developments. Lots of offerings. Many are pump-n-dump schemes. Some are more long lasting projects. Look for vibrant community, openness, regular support/updates and see if their energy correlates with you. NFA. Google "WolfDen crypto", one of the projects that is evolving and interesting.
- LegitShady 5y ago
- rozenmd 5y agoPick a product you think/know you could build better (as in, there's already a market), and just keep shipping. I'm at about 4.4k USD total revenue after running https://onlineornot.com https://onlineornot.com for about 13 months now. I work 2 hours a day before work (had a 9 month streak going at one point), and it's extremely fun.
- fxtentacle 5y agoI decided to reimplement every cloud service that any of my business partners use. Public clouds are beyond ridiculously overpriced. And their availability is shit. So you might as well pocket the 95% profit margin between renting cheap bare metal servers and selling cloud APIs. I've never seen a ZFS RAID die. But I could fill an evening with S3, EBS, Gdrive, Heroku horror stories.
- warrenm 5y agoCongrats for becoming the single-point-of-failure for your whole business smh
- fxtentacle 5y agoWell, my company is not only me. And yes, if all of us employees are sick, that's a single point of failure anyway.
- chrisp_how 5y agoBuild something you’ll use, instead of something you’ll sell. This way you are successful at once, and possibly more if you also sell it. Recommendations: - A machine to clean a facility. - A tool to scan a car for maintenance assurance; use common cathode technology (CRT)! - The manner of activating an electric outlet in your house to cause application of force; if you can make a wave that resembles an object in two places it will move to the point of least resistance. Object is sphere, example: 2pi-related, and now a sin(x) function is symmetried by aligning subsequent waves with the connected “tissue” of the sphere in a pair of positions, imagining a rate of motion where no two adjacent points are indistinct—you’ll need the graph to resemble an oval. You could also build your own cloud product, seeking to replace AWS, etc. Follow the “rule of 3,cloud-centered computing”: 1) all data input is data to be crunched, on cloud-hardware, to keep any distinction of “trusted” and “not trusted” minimum, 2) create a valuable change on the data, could be anything: run-as-python3, find-min-and-max-then-divide, rasterize-in-3-D-simulation, etc, this is sold by the kilobyte, megabyte, millisecond, 10-minutes, etc, 3) all data you receive must leave the system at the end of the compute period, no security threats of code or logs etc that stick around! Even storage is billed by the kilobyte/normal complexity and all the data leaves if billing is turned off. Keep all recorded account actions on a tabular-setting computer, or “virtual machine”. This includes billing logs: “10:02 pm EST, 5 min compute” and other useful customer details: never reuse the cloud-system for keeping persistent information though, example: MachineA has InterfaceA, and all data that arrives is crunched then returned, is encrypted, log-in by API-key, and costs money to use. InterfaceB is a local-only network with MachineB-InterfaceC, for billing. Has a web-port, server, database, and is web-facing on InterfaceD, InterfaceA too only. Hope this helps! Enjoy.
- netsrus 5y agoQuit and get a job at a FAANG?