HACKER Q&A
📣 quotz

Part-time jobs to fund my startup?


I am starting a startup, i cant keep working on my fulltime job because it takes too much time and it sucks. I need a part-time job in order to spend more time on the startup. What are some suggestions?


  👤 CoffeePython Accepted Answer ✓
Honestly the best ROI for part time work would probably be specialized high paid freelancing gigs.

I was able to get freelance gigs on upwork for $85/hr as a relatively inexperienced developer a few years back.


👤 nirushiv
Do you need money to fund your startup or have a roof over your head? There’s a difference.

If it’s the second:

Harsh, but whatever you can get. Take care of yourself before your product.

If it’s the first:

As a founder, you want to build towards your first paying customer. Would it be great to have angel investors in friends and family? Yes, but you need a path to profitability. Every hour you spend working a job is an hour you’re more fatigued, following something you’re not passionate about, and not building a product. I think I can answer this question better with some idea of how much money you need, but this is the best I can offer as of now.


👤 themodelplumber
If you have some capital set aside, you may be able to find some additional profit from technical trading of crypto.

Always manage risk, but I've seen HN types manage impressive gains this way. Even if you earned an average 1% a week while short-term trading on $10K capital as bitcoin channels sideways or broadly down, that'd be an extra $400 a month for which you wouldn't have to be working for anyone but yourself. On top of that, the experience and any unused funds can be applied forward for an acceleration of profits over time.

The practice is accessible and a lot of helpful technical trading lessons can be learned within a matter of weeks or months. It's easier in many ways than the stock market, where a baroque layering of various conditions like deadlines, splits, earnings, and other variables must be figured into trading.

Always protect your capital, set stops, notifications, etc. but IMO there's a lot of profit to be found if you have some amount of capital set aside, and it comes at no cost to you except as relates to your chosen risk threshold. (You can never lose what you don't risk)

Just an idea, I wish I had started doing this myself years ago. Good luck and I hope the startup works out well for you also.


👤 probinso
Although I haven't started a company, if you're actually going to start green and not be seeking venture capital or a position at an incubator, save up about a year's worth of expenses before you start. That seems to be the amount of runway it takes for somebody to decide whether they're going to get other types of traction

If you can do part-time work through a contract broker then that's probably in your best interest. Contract brokers are companies with business models like like toptal. The real hurdle is finding companies to apply with should be mitigated by the network you sign on to.


👤 akg_67
Defer your startup for few more months.

Continue working at your full time job, reduce your expenses and save as much as possible. Look for consulting/ contract/ part time after hour work while working at full time job.

Once you have enough savings to not rely on part time work to support while working at startup AND you already have enough extra paid “after hour” work and built such connections, quit full time job and focus on your startup. Continue taking contract/part time work.


👤 Sevii
I've heard good things about night shift security guard. You basically work the evening shift 6pm - midnight, 6pm - 2am, etc. You can get jobs where you basically look at a monitor with camera displays and walk around once per hour or so.

The benefit is you can write, code, etc on your personal computer during that shift if nothing is going on.

Not all security jobs are like it. But I know a guy who's written multiple books this way.


👤 blackcats
Save as much money as you can. In the first 6 months you won’t see an ROI but you still have bills to pay.

An alternative is use part of your salary to let other people work.

Do consulting project to pay bills while you work on startup


👤 tubularhells
Acquire a spouse with a stable income.

👤 chaganated
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