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Ok, you're working on this in your spare time. Good, that's a good plan. You're working day jobs, and then in the evenings you're working on your startup. T
by BitGeek 19y ago
Ok, you're working on this in your spare time. Good, that's a good plan. You're working day jobs, and then in the evenings you're working on your startup.
That's all well and good, but where's your cocaine habit? How are you blowing all your money if you're spending all your time at work or on the startup?
IF you're not blowing all your moeny, and you've spent a year looking for funding (like it sounds like) then why dont' you have a year's worth of living expenses saved up?
The problem here is hte pervasive idea that the first step to starting a company is getting someone else to fund it. Screw that-- nobody can ever know your business as well as you can. You can use advice, sure, but wasting months working on proposals-- getting seeking emotional validation from investment, this is all the wrong way to go about it.
Build your product, save your cash. When you have enough money saved up, and if you really believe in your predictions (That you'll be cash flow positive in 6 months) then you quit your jobs when you have $12,000 saved up, or less.
If you can't save $12,000 between now and the next YC funding round, and you're working full time, then you are spending your money on something-- cocaine, maybe?
IF your idea and team really are good, you shouldn't be desperate for money... and hinging your emotional well being, or self confidence, on validation from investors is a recipe for failure (and unhappiness.)