4 ms·
Don't do the investment model. You're asking for trouble, especially with family and friends involved. 1. Get part-time or full-time job 2. Moonlight 3. Beco
by timmm 14y ago
Don't do the investment model. You're asking for trouble, especially with family and friends involved.
1. Get part-time or full-time job
2. Moonlight
3. Become profitable (albeit low income)
4. Work up to go full-time
5. Done
Be honest with yourself if you can't make a few thousand dollars online to self fund then your certainly not going be able to make real money with a business online.
Your also asking all the wrong questions, the only question you should be asking is: How can I make a dollar?
- polyfractal 14y agoI can't upvote this enough. Furthermore, this sentence: >i'm dumping 15k in, the last of my savings.. i'm all in Was a big, red flag for me. Would you dump your life savings into lottery tickets? Don't delude yourself...a startup is just about as hopeless as winning the lottery. You said you've worked at startups. I imagine you've seen, first hand, what the chances of success are. Seriously, don't blow your emergency fund on the lottery. I know this is a very anti-HN comment, but realistically (statistically!) most startups end in financial failure. Set aside 6 months of expenses, use the rest of the money to bootstrap your idea as much as you can. Outsource as much as you can afford and get as much traction as feasibly possible. Aim to be profitable from day one. If you aren't profitable by time you start depleting your emergency fund, THEN consider funding if you think you have a viable product. Or just get a job to help pay for it.
- deleted 14y ago[deleted]
- actionbrandon 14y agoalso, scared money loses. if you're cool with blowing out then you're fine. are you going to be fine if your not just losing your money but also blowing through aunt sallies money as well?