To pursue financing or not to pursue financing

Written by admin on February 7th, 2010

I’d like to see my website succeed and be useful and used by lots of people.  I often wonder what the best route is for that to happen.  Obviously if I quit my job and started working on this project full time, I’d get a lot more done a lot faster.  However that is no guarantee that I’d get it far enough fast enough to get enough income to pay my bills before the savings went away.

I’ve also read a lot of advice about how to succeed with an online startup.  The advice I’m most inclined to take is to drive as fast as possible (in my spare time) to achieve ramen profitability.  Get my bills paid with this website so that anything else is just gravy.  As far as I can see it, that’d put me in a strong position to get good terms on any sort of funding.

The problem I have is that I don’t know if I even want financing.  Sure, it would make things happen faster, but that might just add unnecessary stress.  I’m more inclined to strive for some steady growth while still a side-project.  Who knows if my project will succeed.  I sure hope it will and I believe it can.  Otherwise I wouldn’t bother working on it.

2 Comments so far ↓

  1. Feb
    16
    3:48
    PM
    Steve

    Hey Nick,
    Have you thought of a IPhone App, or Blackberry? They seem to be taking off around here.

  2. Feb
    16
    8:45
    PM
    admin

    I’m definitely planning on doing an IPhone and/or other mobile apps at some point….at a minimum, I’m going to make the site more mobile friendly.

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