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Ask HN: Should I just burn the bridge?
4 points by hwijaya on Oct 17, 2008 | hide | past | favorite | 6 comments
Hi all, i would like to get some advice and opinions here. First, i live in Sydney, Australia and I have been trying to start a company for 3 times while i was in grad school and now working full-time. Each of those time, I found it really hard to start something while working as full timer. I found myself and the team totally burnt out and things are just not moving as fast as we want. And, as a result, the idea just never become reality. I still learn something out of those fail-times though.

But now, i am really determined want to make it happen. I am thinking of quitting my day job by the end of this year and take the plunge even though i haven't got a clear sense on what i wanna do and whether the idea might works or not. Somehow, i have the funny feeling that i would be able to survive. Well..the scary feeling is still there. :P

Another thing, regarding co-founders, of all those 3 attempts to start a company, i always had partner (not necessarily motivated one!). But, if i take the plunge to start-something up, most of my friends are not ready to take that risk yet either financially or commitment wise. So, i'm thinking i might just do it by myself.

The business is not necessarily web-start-ups that might take few months to develop and takes time to attract users. If i quit, i definitely need business that is more revenue-driven to survive as i only have 6 months saving.

Now, the question is, what should I do to improve my chance of success despite the situations (sole founder and inexperience)?

Thanks!




I recently quite my day job to be a consultant/freelancer in order to do similar things to what you describe.

I spend the majority of my time working for clients, still, but I get to charge a lot more than as an employee, which means if I keep the same lifestyle, I can support weeks without any work - or in this case, working on my own startup ideas. It's not technically a 'startup', because I don't want to take the plunge and go all-or-nothing, but being freelance definitely gives me a -lot- more flexibility to work on my own project.

This might be a good solution for you in the interim until you can jump straight into another full-time business venture?


One option can be to switch from a full-time job to independent consulting, so that you can still earn by doing short-term consulting projects, and still be able to devote more time to your startup.


Now, the question is, what should I do to improve my chance of success despite the situations (sole founder and inexperience)?

Move to the San Francisco Bay Area. (I'd bet the Aussies in the audience who've made the same move would agree.)


I'm not sure this is good advice. You have six months of savings - six months of savings for where you live in Australia. What does that translate to Bay Area money though? In other words, what is the cost of living increase? I'd assume it's a minimum of 10% and maybe as high as 35%. That's going to reduce your run rate. Also, how much will it cost to move out there? I'd assume that would be two months worth of your savings....


I thought about that too actually. But, outside friends and family factors, i got to be honestly said, moving country kinda bring the whole scary feeling to the next level. I just moved to Sydney 5 years ago for study..and now..the idea of moving again after just been settle down is a bit too......jeez can't even describe how it feels...


I hear you. I only moved a few hundred miles (from southern California), and it has still been hard.




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