A founder shares when and how to quit your job to go full-time on a startup. He covers the financial runway you need, what your employment contract might prevent, and the risk of waiting too long to make the jump.
Let's say you have a job. Let's say your business probably isn't going to be able to support yourself for, you know, maybe a year or two, depending how fast you grow. Some businesses will get to a million revenue in a year, but I think on average it takes three, four years. So during that time period, your best, you know, investor can be your job. And so that's kind of what I did. I just picked up like a short term CRO gig where I just had something to do and then I let the product develop and then I slowly started marketing it and then I was there for 10 months and then left to focus on Microcur full time. How did you know it was the right move to go full time? I stayed until I raised a series A and I had like a pre written resignation letter as soon as the money hit for the series A and I had to like send it to the board and everything. You're going to do this. One thing that just keep in mind is read your employment contract. Make sure you get a letter that says like, hey, I worked here, but like you don't own anything that I've been working on. Just for protection, if something becomes big that you work on.
The Buyers Who Made the Move: What They Bought, How They Did It, and What Happened Next
