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indekkel

I sincerely appreciate all these replies! It definitely seems like a common thread is to keep my current job.

To expand on that for a bit, any thoughts on keeping my current job, but working part time?

I’m on my wife’s health insurance, and I could definitely swing this financially. I think my employer would be open to it as well.

I certainly appreciate all the replies, but seriously thank you for writing such a detailed response. You touched on a lot of other topics I’ve been reading up on.
We are both married with kids, so I definitely have to manage my time correctly.

Sorry if it wasn’t clear, we were thinking of doing contract work until we built up enough money, and then quit the contracting business and work full time on the startup.

At least for me, there’s no way I can hold two full-time jobs, it would eat into my family time too much.

We are both technical, and seasoned with 15+ years of experience each. The startup would be in a completely different domain, but there would be some overlap. Basically, we are both ML people but pretty strong software engineers, so we end up doing little ML work, and end up writing lots of software, from back-end infrastructure, to front-end software to interact with the systems.

I don’t mind doing all that for an MVP. But taking it all into production and maintaining it is not my preference - I’d rather hire folks that love that part.

Ask HN: What are some good strategies to self-fund a startup?

My current co-worker and I would like to create a startup together. We are currently exploring strategies to fund the startup, and would love to get some advice.We are currently thinking we could start a business, offer consulting/contracting services, take reduced salaries (compared to what we currently make), and keep all the remaining money in a business account to give us runway for the...

( Read More... | 18 comments | 22 points | on HN )