Ask news.yc: Raising money using bank loans?

Re:Ask news.yc: Raising money using bank loans? by cirroc on Tuesday October 02, 2007 @10:52PM (#62424)

Alright- You seem to be in the consensus on the news.yc board, and I'm coming around to your viewpoint. That being said, what are the alternatives? I'm already working 65 hours a week on my primary job, which I need to pay rent and the server costs, art costs, etc for the startup.. Then I'm putting in another 30-35 a week on the startup (12 on Sat + 12 on Sun + 4ish Tues-Wed-Thurs)..

I can't really take another job- I just don't have time to do that, and actually code anything. Approaching AAs is hard, since the product isn't as "Sexy" as a lot of things. It's likely to a good few hundred K per year after we get it going, but it's not the next Microsoft.

Do you have any ideas on where else to look? Is there something outside the AA route, or even a sub-niche within in we should look at?

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Re:Ask news.yc: Raising money using bank loans? by asmosoinio on Wednesday October 03, 2007 @04:29AM (#62516)

Whoa, you work a lot! I would never manage that. Currently working maybe 30-40 hours a week on our start-up (or maybe spin-off would be a more appropriate term), and I feel I could not really be that productive for much more hours per week.

Of course I am often processing the problems in the background while doing something else...

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Re:Ask news.yc: Raising money using bank loans? by cirroc on Wednesday October 03, 2007 @05:22AM (#62529)

The hard part of working that much is trying to balance work and Family. Mostly I've given up sleeping- I know it's not ideal, but I'm down to 3-4 hours a night.

In full honestly, the 65 hour figure only comes in when I include travel time. (about 2 hours/day)

My typical day is:

Get up at 5am, and head to work. Work from 6-4, then head home. Drive home. Family stuff from 5-7 until my partner gets out of work. 7-1, Startup stuff.

1-5, sleep.

On the weekends, I try to get a bit more family stuff in, but then I usually end up going to work for another 3-4 hours on Sat/Sun, and put in the rest of the day on the startup.

I wish I had time for a 2nd job, but, really, the startup is the 2nd.. and the 3rd. ;)

I'd love any ideas to raise additional money for the startup- If we could work on it full-time, we'd really be doing something special.

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