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Who is living off their startup fulltime?

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Re: Who is living off their startup fulltime?

#52

Left full time employment two years, was profitable within three months, now employ three full time staff and profits into seven figures. The best move I ever made.

Care to tell your story?

http://www.promotionalcodes.org.uk/

Re: Who is living off their startup fulltime?

#55
Teambox maintains a small team of us fairly well (5 programmers, 2 people on sales and marketing). We're now relying on some more freelancers and looking at ways to handle the increasing workload.

It's been close to one year since the first people jumped in full-time besides myself, and we've been funded to get the product and early revenues on track.

Re: Who is living off their startup fulltime?

#57

When I started out in 1999 my business partner and I took $1,200 and turned it into $1M (revenue) in 12 months...100% online sales. We started out buying 3 beat up laptops, fixing them and selling them. Within 6 months we were buying containers (semi-truck loads) of off-lease laptops and shipping up to 150 a day. 60-70% profit margins. We grew for a couple of years and then we ran into our first wall. By 2003, our pr…

Awesome! What is the site doing $400k annually?

yes please share that info with 1000's of would-be competitors with the right skill sets and entrepreneurial drive ;)

Re: Who is living off their startup fulltime?

#59
NerdKits (http://www.nerdkits.com/). Started with roommate co-founder in senior year of college with $200 of parts, continued part-time while I still in school / doing Masters degree, and now full-time since graduation (almost a year and a half now). Profitable and a lot of fun.

Re: Who is living off their startup fulltime?

#60
post #3

I am, but that's because our costs are incredibly low. I have a team of 3 with a monthly burn total of $1,000. We have our seed funding from i/o ventures. Company is called Skyara if you want to check it out.

thoughts on i/o ventures? email me if you'd like mjhunter at gmail
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