How I built a startup while working full-time in Finance
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How I built a startup while working full-time in Finance
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Re: How I built a startup while working full-time in Finance
#2How much work did the technical co-founder do compared to you and how much % did he get?
Re: How I built a startup while working full-time in Finance
#3How much work did the technical co-founder do compared to you and how much % did he get?
he got between 10-20% equity and we were doing a comparable amount of work (10-20hr per week) up until I quit my job. now I'm putting in more hours.
Re: How I built a startup while working full-time in Finance
#4Congrats on the launch! And thanks for sharing your experience with us. I'm at the start of a very similar process. I've been sitting on an idea over the past year and had a false start with a co-founder. I'm now pushing on on my own, so you've given me some great ideas on the various stages.
Thanks for the inspiration!! Good luck!!
Re: How I built a startup while working full-time in Finance
#5Congrats on the launch! And thanks for sharing your experience with us. I'm at the start of a very similar process. I've been sitting on an idea over the past year and had a false start with a co-founder. I'm now pushing on on my own, so you've given me some great ideas on the various stages. Thanks for the inspiration!! Good luck!!
glad it was a worthwhile read!
Re: How I built a startup while working full-time in Finance
#6This doesn't really address any practical issues you faced in holding down a full-time job whilst also building the startup.
Based on the title, I was expecting more. Something like how you managed your time?
That said, congrats on launching.
Re: How I built a startup while working full-time in Finance
#7This doesn't really address any practical issues you faced in holding down a full-time job whilst also building the startup. Based on the title, I was expecting more. Something like how you managed your time? That said, congrats on launching.
I worked most nights during the week for a 1-2hrs and every weekend, sometimes spending full days working on the weekends. I found the time when I could and delegated work to my cofounders who did the same. It was just a lot of hard work and extra hours. I sacrificed some social life but still managed to enjoy New York hugely over the past year.
Re: How I built a startup while working full-time in Finance
#8I think the most important issue with building a company as you work full time is the need for absolute leanness.
Out of necessity you have far fewer hours than you'd like to work on a project, and this really forces you to focus on whether each thing you do takes you closer to being able to launch.
Re: How I built a startup while working full-time in Finance
#9This doesn't really address any practical issues you faced in holding down a full-time job whilst also building the startup. Based on the title, I was expecting more. Something like how you managed your time? That said, congrats on launching.
I worked most nights during the week for a 1-2hrs and every weekend, sometimes spending full days working on the weekends. I found the time when I could and delegated work to my cofounders who did the same. It was just a lot of hard work and extra hours. I sacrificed some social life but still managed to enjoy New York hugely over the past year.
I think people underestimate how much you can get done if you commit to at least 1-2 hours during the week EVERY DAY, and at least another 12-16 hours on the weekend. Working during the week is critical, even if it's difficult, simply because it keeps the momentum going and motivation fresh (in my experience of trying it every other way). It's also a deceptive 30-80% additional capacity than what you have merely working weekends.
Oh and paying attention to what you're doing and how long it took, and making sure not to waste unnecessary time on nice-to-haves or unnecessary research rather than critical functionality. This is particularly important if you're working alone; I find reviewing my source control checkins and my PivotalTracker progress very helpful in this respect.
Then again I ended a great relationship for work so perhaps I'm not the best exemplar of priorities.
Re: How I built a startup while working full-time in Finance
#10How much work did the technical co-founder do compared to you and how much % did he get?
he got between 10-20% equity and we were doing a comparable amount of work (10-20hr per week) up until I quit my job. now I'm putting in more hours.
Hmm, well I guess you were lucky to have found someone competent who took that offer. I'm not sure if I would be willing to work equal hours for 4 times less equity.