Re:Ask HN: I'm struggling and need some advice
by ethan_ on Thursday November 11, 2010 @01:56AM
(#1893137)
I should clarify something. My project involves software that places automated wagers based on statistical analysis and machine learning. It is initially intended for private use. When I "launch it" I will get feedback in a matter of weeks regarding its profitability, after adjusting for variance. I already make money part time wagering money, but it's not enough to fully support myself. Automating the process allows for greatly increased profit potential. Some of my limited savings will be used as a starting bankroll.
Unless you are exceptionally lucky that's when the hard part starts: promoting it, selling it, making it do what people want. It would be unusual for it to succeed straight away, so for how long are you prepared to struggle financially while you work to increase the income it gets?
You say your project relates to "gambling and automation". Are you prepared for the fact that most (online) gambling establishments don't like automation, and are prepared to go to significant lengths to stop it? You may think you have technical countermeasures, but it's not uncommon for companies to sue to stop the sale of software like this, especially if they know the developer doesn't have the resources to defend a case. Are you ready for that?