Here's my big question for Paul, and for everyone. How does one afford to start a startup? Does everyone do it by eating Ramen and maxing out their credit cards? Wouldn't you hear about more people who had their life left in ruins with $50k in debt when their website went under? I'm not talking about the cost of running and developing your business. I'm merely worried about rent, food, and Health Insurance!
I work a day job and am diligently developing multiple startup ideas with a few friends, but these will obviously never get off the ground until we quit our jobs. How do you do this without massive savings for six months or a year? What if you don't become profitable for 2 or 3 years?
My best solution so far has been to trick myself and go back to get my MBA this fall. I can live off loans and spend all my free 'college' time developing our sites. I've had a lot of entrepreneurs tell me that this is a bad decision, and that I should just quit and go to town on the web.
Could someone please suggest some means that would allow me and my fellow co-founders to do this?
I work a day job and am diligently developing multiple startup ideas with a few friends, but these will obviously never get off the ground until we quit our jobs. How do you do this without massive savings for six months or a year? What if you don't become profitable for 2 or 3 years?
My best solution so far has been to trick myself and go back to get my MBA this fall. I can live off loans and spend all my free 'college' time developing our sites. I've had a lot of entrepreneurs tell me that this is a bad decision, and that I should just quit and go to town on the web.
Could someone please suggest some means that would allow me and my fellow co-founders to do this?