Ask HN: Paying bills while starting a company

#1

Post by zach417 » Mon, Mar 06, 2017, 7:30 PM UTC

I'm probably overthinking this, but how best do you pay your personal bills (i.e. rent, utilities, food, etc.) while starting a company?

In my mind, there are only a few options: (1) work part-time at another company, (2) work full-time at another company, (3) raise capital from investors and pay yourself, (4) mooch off family and friends.

Re: Ask HN: Paying bills while starting a company

#2

Post by icedchai » Mon, Mar 06, 2017, 7:49 PM UTC

Or 5) use your savings.

Re: Ask HN: Paying bills while starting a company

#3

Post by simplehuman » Mon, Mar 06, 2017, 7:50 PM UTC

I have done all the below for my companies:

* Have an earning spouse

* Save enough, so you can build and verify a prototype in 6-12 months.

* Build a prototype working late and weekends keeping your current job. When the time is right, quit.

Re: Ask HN: Paying bills while starting a company

#4

Post by robertpohl » Mon, Mar 06, 2017, 7:56 PM UTC

Pro tip: apply for credit/load/cards when you don't really need it. You will probably need the credit the last month before the investment is in the bank.

Re: Ask HN: Paying bills while starting a company

#5

Post by robertpohl » Mon, Mar 06, 2017, 7:56 PM UTC

Pro tip: apply for credit/loan/cards when you don't really need it. You will probably need the credit the last month before the investment is in the bank.