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Good luck man. I'm going through almost exactly the same thing. I am also 28, built up a big "runway" of savings, and my last day at work is next Friday. Hope y
by pcorsaro 15y ago
Good luck man. I'm going through almost exactly the same thing. I am also 28, built up a big "runway" of savings, and my last day at work is next Friday. Hope your ideas work out for you!
- netmau5 15y agoThanks, good luck to you too. Maybe we'll share some sweat sessions in the days to come.
- avgarrison 15y agoGood luck! I'm quitting my corporate job on 4/3/2012 so I'm very interested in your post at the moment. I only have about 6 months of runway + 2 kids + wife + 2 dogs....maybe I'm crazy? Probably. I suppose I can sell the dogs if worse comes to worse.
- pcorsaro 15y agoI'd sell my house and a kidney before I got rid of my dogs.
- samstave 15y agoLet me call a guy whose an expert in kidneys and see what he says. ... Looks like, in this market, the best I can do is fifty bucks. This kidney has a lot of wear and tear. If it were in mint condition it could pull a lot more.
- avgarrison 15y agoI feel responsible for derailing this thread, but FWIW samstave, I did chuckle at your comment.
- didgeoridoo 15y agoIs there something in the water? I'm dropping off the corporate map that week as well. Best of luck!
- avgarrison 15y agoWhat is your startup?
- didgeoridoo 15y agowww.hireriot.com -- I'm working on a new way for companies to hire for entry-level jobs by crowdsourcing resume screening and first interviews to a network of independent industry experts, who essentially act as freelance headhunters.
- ww520 15y agoI think 6 months of runway is not enough. People usually have 6 months of cash cushion to bridge until the next job. But you have to refine a business idea, develop the product, market it, sell it, and turn a profit that can replace your old salary. 6 months are far too optimistic. Two years are more realistic. If you can't wait for the startup bug, why not do it on the side for now?
- avgarrison 15y agoMy post was rather misleading. I have been working on the side for the past 3 years now on iPhone apps. I have 6 months of savings, and I have a daily income from existing iPhone apps that matches my current corporate job. I'm releasing a new app in a couple weeks that should hopefully boost that daily income significantly.
- ww520 15y agoThat's excellent. Congratulation. You are living the entrepreneur dream with plenty of preparation. Enjoy the journey!
- revorad 15y agoWord of caution from a soon-to-be-30-year-old who had built up a runway at 28: Ignore the runway. Get to ramen profitable ASAP.
- netmau5 15y agoThanks. My (still employed) partner and I are actually taking on small consulting projects right now just to make sure we have money coming in. We vehemently do not want to get into services, but it's hard to have a strategy without resources! At the very least, it gives him something constructive to do coding-wise while I'm pounding the pavement.
- PakG1 15y agoWord of caution. If one person is still employed, but the other is not, it makes for a very difficult partnership. There's just a lot of risk that the work distribution will eventually become too imbalanced; either your partner will burn out way faster than you'd expect, or you'll be too annoyed with the lack of effort that your partner puts in. Not saying this will happen to you guys. Just saying there's a risk. Speaking from personal experience.