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i would start on my project and i would convert to a 1099 contractor and run it through your startup's paper (LLC or S-Corp). your current employer can be your
by beachstartup 12y ago
i would start on my project and i would convert to a 1099 contractor and run it through your startup's paper (LLC or S-Corp). your current employer can be your first customer.
in fact that's exactly what we did and it worked fine. you might even end up getting a raise. i know one thing for damn sure though: there's no way in hell a full time job and a making progress on startup are compatible. it's just too much work. if someone came to me for advice or money and they wanted to do this, i'd laugh in their face, in the nicest way possible. it's a pipe dream. the only cases i've heard of in which this was possible are jobs in dysfunctional orgs where you don't actually have to do any work - which are out there, so if you've got one of those, maybe you've got a shot.
this path requires you to quit. it's a way of solving the problem you describe through another mechanism. as an added bonus, it protects you legally in a number of ways. at the cost of some management overhead, but if you can't deal with management overhead, just forget about the idea of running a business.
there's two ways of doing this:
1. notifying your boss that you will quit, and that they can retain you as a contractor for $x/hr, or
2. just quitting, and then giving them the option.
either way, you don't ask permission in a situation like this. you have to do it for reals.
the most important thing in starting a business is getting into the mindset that you are in this for yourself, on your own, and this is for real, no bullshit. having a full time gig is extremely detrimental to adopting that mindset. most startups die because never being truly started. they just fizzle out with nary a whimper.
also, look at it like a test - if you can't even accomplish this minor task in the execution of your world changing startup, you probably don't have what it takes to do the next step either. this convert-to-contractor trick is extremely common and i've seen it done 3 or 4 times myself. if you are valuable, the current organization is going to want to retain you as long as possible and you can dictate terms to a certain degree.
- htss2013 12y agoJust to clarify, I'm not on a mission to start a "world changing startup"...I'm a mission to create a nice little lifestyle SaaS business that will generate 3-5K in MRR. Maybe I'm naive, but it seems completely realistic to get to that point with a full time gig. Beyond that, sure, you probably have to quit to grow, but quitting at that point isn't risky because you've already proven you've got traction.