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why not get a 3-6 month contract, live normally, then use the surplus as runway funding? contracting rates in london are normally pretty good. that way, you don't risk financial ruin, and you can bootstrap yourself. (i did this succesfully over a period of 2-3 years, while not London I am UK. pm me if you like!)
Is there any other way of contacting you? =)
why not get a 3-6 month contract, live normally, then use the surplus as runway funding? contracting rates in london are normally pretty good. that way, you don't risk financial ruin, and you can bootstrap yourself. (i did this succesfully over a period of 2-3 years, while not London I am UK. pm me if you like!)
HN doesn't have private message functionality and you don't seem to have any contact details in your profile. Is there any other way of contacting you? =)
I use this address for gtalk IM only (don't mail it) .. so I dont mind if I get spam from sharing it here! Feel free to add me anybody, but remember I work a 9-5 and cant chat heaps during the day
alain.richardt85@gmail.com
Cheers Alain
Either that or do I did and keep a full time job and work evenings and weekends until your startup matches your salary.
Firstly, this is not financial advice, I'm not a vc (I am a business coach, fwiw) etc. See these as generalisations, not guaranteed cases for any individual situation (such as your startup). As a general guide, Banks won't lend money against a start-up business. The business is not a secured asset at this point. For £20K, you may be able to get a loan against other assets you have (such as a house, though if you've j…
Bit of self publicity: I'm looking for young startups in the area. I'm the author of hackurls.com and I'm following other web startup-like projects. Honestly I'm a competent and passionate programmer (git pyhthon django mysql mongodb java..). Feel free to contact me at vuotomeccanico on gmail.
Any reason not to keep going as you are? Or, perhaps you could request to reduce your work time to 50%? This can be tough to do, but many places would rather negotiate than see you just walk out. Funding yourself (with job, contracts, etc.) is rarely discussed here, but it's a much more reliable way to get money than seeking investment. It's tough to find the time balance, but there's something to be said for having…
>but there's something to be said for having a basically endless runway. That you never have any motivation to take off?
I am a potential fool but would like to find out (a lot) more. I work centrally and live slightly north. Drop me a message and we'll chat.
Cool let's chat :) email me on alain.richardt85@gmail.com and I'll send you much more info
Alain
Earlier quoted context omitted.
>but there's something to be said for having a basically endless runway. That you never have any motivation to take off?
Sure, feel free to jump ship and go for it. Just make sure you've got more than 3 months saved up. Real businesses take time to build.
Word. But, time/money constraints can be a great motivator.