I am doing similar thing, I quit my job in Oct 2011 and making iPhone apps. Made 4 apps so far but just earning $10/day from it. But its a lot of fun and exciting than a job.
The 10k Bootstrap Challenge
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Re: The 10k Bootstrap Challenge
#72Earlier quoted context omitted.
Spending £2.5k/month to live in London? In your experience, how accurate does that sound?
That is living an fairly decent life. You could scrape on £1k a month if you really wanted to.
This is what I do, rent and bills is around £800 a month, and can live quite well on another £300 to £400, and that includes going out.
Re: The 10k Bootstrap Challenge
#73Re: The 10k Bootstrap Challenge
#74I am doing similar thing, I quit my job in Oct 2011 and making iPhone apps. Made 4 apps so far but just earning $10/day from it. But its a lot of fun and exciting than a job.
Nice -- my email is in my profile if you're up for some sort of occasional peer support
Re: The 10k Bootstrap Challenge
#75Earlier quoted context omitted.
That is living an fairly decent life. You could scrape on £1k a month if you really wanted to.
This is what I do, rent and bills is around £800 a month, and can live quite well on another £300 to £400, and that includes going out.
I spent 5 years living like that at my first couple companies. These days, however, my life is no longer organised in a way where that's viable. So 2-2.5k it is. If I was in a real pinch, I could temporarily get to 1.5k, but I feel like 4 months is about the right period of time for this anyway.
Re: The 10k Bootstrap Challenge
#76Earlier quoted context omitted.
Living in the upper midwest US, 16k USD would probably give me a 16-month window. That's for a 1-bedroom apartment @ ~$500/month. Living in a 3-Bed w/ 2 other roommates would take it down to ~$300. Brutal winters, though..
I'm doing something similar in Portland and it's about ~$500/month with roommates. So I figure the same: my $12k will be a 12 month window. Our winters are lovely, as long as you don't mind a little wet.
I get lazy when I have that much time. Have tried it! :)
Re: The 10k Bootstrap Challenge
#77Earlier quoted context omitted.
What I should have done is posted the fact that I'm doing the same to Hacker News. I'm guessing that if his blog gets enough traction, he'll succeed. Not because the product is great, but because this "10k GBP - can I make money" sideproject brings in the eyeballs.
While HN brings eyeballs it does not really bring profits unless you are innovating in the "productivity / programming / business" product space. What it CAN do is give you decent SEO via reposts that helps diversify your inbound links resulting in better pageranking. My month of blogging has brought me from ~90th for "android dj app" to ~9th in google search.
If only I hadn't made the idiotic decision to compete with twitter for the term "bootstrap" :)
Re: The 10k Bootstrap Challenge
#78I'm a big fan of bootstrapping, allow me to add my own data point. I was the typical bored-at-BigCo guy but was afraid to completely jump into startups full time (I have a family). I decided to bootstrap my startup (mobile app) at the beginning of 2010, while working full time for 6 months. 6 months after that I quit my job full time as the income from the startup surpassed my SV engineering salary (made 75K in 6 mon…
This is so awesome! Congrats to you for this amazing accomplishment. I'll try my best to be in that same situation!
Re: The 10k Bootstrap Challenge
#79I am doing similar thing, I quit my job in Oct 2011 and making iPhone apps. Made 4 apps so far but just earning $10/day from it. But its a lot of fun and exciting than a job.
In the same boat as you, quit my job around the same time you did (august of 2011), built an iPhone app and have some affiliate marketing. Turned over a bit more then 10 bucks a day (average about $70) but still in the ball park of can do much better :)
And yes it is fun ! i guess we just gotta keep going
Re: The 10k Bootstrap Challenge
#80I'm a big fan of bootstrapping, allow me to add my own data point. I was the typical bored-at-BigCo guy but was afraid to completely jump into startups full time (I have a family). I decided to bootstrap my startup (mobile app) at the beginning of 2010, while working full time for 6 months. 6 months after that I quit my job full time as the income from the startup surpassed my SV engineering salary (made 75K in 6 mon…
I'm at stage 1 of your story at the moment, I'm part developing / outsourcing dev from my contracting earnings and hoping to launch in the next 3mths, I'm then heading off around Central & South America for the next 3 to try and push it on part time whilst also enjoying new cultures.
Thanks for being a great inspiration.