Ask HN: Founders who were established engineers. How did you make the change? • Hacker News Board

Re: Ask HN: Founders who were established engineers. How did you make the change?

#11

Post by koudos » Sun, Jun 24, 2018, 11:14 PM UTC

slededit wrote: post #8

You either want it or you don't. If you haven't been laying the ground work for years it's not likely to work out. Have you saved enough? Structured your living situation so you can move to wherever is most optimal? Not only will you not be making money, your business will need capital to prove product market for before anyone will even offer seed money. Can you put up the cash? This isn't just another job it's a lif…

The financial aspect is definitely something that I've been saving up and working towards for a long time now. The path of transition is really what's not clear in my head. Your advice on the investment of my family is a good point.

Re: Ask HN: Founders who were established engineers. How did you make the change?

#12

Post by koudos » Sun, Jun 24, 2018, 11:17 PM UTC

stealthmodeclan wrote: post #9

1. Golden handcuffs I saw it a high risk/high reward investment. The money was not available to me in short-term but I could enjoy the compounded returns after sometime. It's about giving up short term gains for long term gains and more control over your direction. I never used much money from my compensation. Traveled a bit until i got bored, bought more toys untill i had enough. Then the paycheck went directly into…

Definitely not generating income at your level and so probably why there's a bigger need for a plan on my end. The risk/high reward advice makes a lot of sense. Sometimes it probably is just the way you view it.

Re: Ask HN: Founders who were established engineers. How did you make the change?

#13

Post by slededit » Tue, Jun 26, 2018, 12:13 AM UTC

koudos wrote: post #11

slededit wrote: post #8

You either want it or you don't. If you haven't been laying the ground work for years it's not likely to work out. Have you saved enough? Structured your living situation so you can move to wherever is most optimal? Not only will you not be making money, your business will need capital to prove product market for before anyone will even offer seed money. Can you put up the cash? This isn't just another job it's a lif…

The financial aspect is definitely something that I've been saving up and working towards for a long time now. The path of transition is really what's not clear in my head. Your advice on the investment of my family is a good point.

The path to transition is pretty easy, you quit, go home and figure it out. You'll end up working on something different than what you planned anyways unless you've already been talking to customers.