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Assuming you can code, you have internet access and you'll have some spare time. Especially in software, those three could make up for the lack of money! VC ba
by icoder 14y ago
Assuming you can code, you have internet access and you'll have some spare time. Especially in software, those three could make up for the lack of money!
VC backing is nice but not a bliss on all sides. In your situation, without VC funding, you'd keep your freedom, you'd not be distracted by money, you can't run out of money and your strongest asset can't go anywhere, cause that is yourself.
With respect to the latter, this means that it is wise to foster this one asset: improve your tech skills, market knowledge, business skills and your network (and networking skills). If you're someone dreaming of your company you'll find this fun to work on.
Having a fulltime job that helps you improve relevant skills is a plus, as is a job / boss where you could reduce working hours (and salary of course) in small steps.
There's a few ways to go from here. You could work per hour. The cool part is that this would enable you to free yourself from your daytime job bit by bit. The downside is that it requires work. As you describe it, this is limited in your area, but perhaps you should do a more in depth market analysis to be sure? Also, you could work for people remotely via the internet, there are many websites that bring work and workers together. Whether this can help you will depend a bit on what country you live in, and how your monthly wage is compared to that in other countries.
The other option is to bootstrap your own product. Read Tim Ferris' 4 hour workweek for inspiration. This depends on a good idea, a bit of luck, how you execute it and your patience. You can balance your webdesign skills a bit by using tools like 'Bootstrap'. Don't worry too much about this part if you are building your own product, look at Reddit, Amazon, Hackers News: the relation between use and looks is pretty noisy!
It is not impossible and bootstrapping has been preferred by many over VC money. Given your personal situation, you do need a lot of patience and put in a lot of time and effort. But as long as you learn from it, and enjoy it, it is all worth it.
Good luck!