I am going to stop this moonlighting stuff and work full time on my startup with a new appreciation in about a week. I'm saving about 1k per week, which is about my monthly expense. I'm almost done with the beta (after 6 months), and I think the reason I'm not at full time is because I'm afraid of failing. But it doesn't matter now because I just paid $500 to get inc'ed and I got enough to last until the end of summer.
A side note, from my full time job, I've learned that lunch breaks are a boost to productivity.
If you moonlight too, or did before, please share your insight.
So, considering the above, and since it doesn't seem that you have a lot of savings, and you're close to releasing the beta, then you might as well do that quickly while keeping your day job. If it picks up, then quit and focus on it. This will actually push you to release faster. If you have the whole summer, your work will expand to fill that time. Just a thought.
try to find a cofounder to share the load (I dont have one myself, gave up looking).
some jobs allow you to work from home; makes it easier on you, but one must be honest to give them value for money.
It may sound ridiculous but i've found it pretty effective. Even though I'm moonlighting I still code for almost as long as someone doing it full time (assuming ~8hrs sleep). Work can still get in the way though so I understand your decision.
The big plus (at least early on in your project) is that it takes the pressure of worrying about your burn rate off...
While you do suddenly seem to get a lot of time it makes any kind of socializing hard since you have to sleep every 3-4 hours. Even after a couple of months if I missed one sleep session I would hit a massive wall and all coding would come to a stop.
Lack of time can sometimes be a good thing. It forces you into creative solutions. The funny thing is, although I produced more lines of code during the polyphasic experiment I think the quality suffered (not much but when I look over those pieces it always seems I could have structured it better). I don't know what to attribute that to since I didn't feel any different while coding in or out of the polyphasic state after the ramp up period.
My solution to most of the problem is to "ease" into the schedule. Keep a core sleep period of like 4-5 hrs at night but continue to take your naps. As you acclimatize, try shrinking/eliminating the core sleep gradually. That way you dont feel like you're getting hit by a train like you do if you try and jump right into it.
As far as code quality, I find mine is actually much better.. The period just after each nap I feel really refreshed and can concentrate. Theres actually research out there that proves this is true. Again, I think its all about avoiding a rough acclimation period though..
hmmm.. I found research in this area very lacking. The only scientific study seemed to be from sleep researcher Claudio Stampi and his essentially said "If you absolutely can't keep regular sleeping schedules (like in long sailing races) then polyphasic sleep is a better alternative".
If you have pointers to papers I'd appreciate links sent to the email-id in my profile. I might try this again someday.
I'll shoot you an email if I find more.. My co-founder knows more about this stuff than me I'll ask him.
You're doing a great thing by taking the plunge and going full-time. You just increased your chances by an order of magnitude. Good luck.
Many a-list bloggers say it's really not an ideal approach - and they're right.
That said, I have no choice. I have a wife & 2 kids, and not that much money in the bank right now. So my choices are either moonlighting or give up the startup dream, which I absolutely refuse to do. (Which reminds me: all that stuff about the tech industry being a complete meritocracy, you can start a startup on no money, etc. - that's all just crap. There's no meritocracy. You can only launch a startup if you - or someone else (your daddy, etc.) has enough money to pay all your bills while you do it. That rules out: working class people, middle class people with kids, etc.)
Anyway, my goal is to work enough to just get something launched, and then hope it takes off from there enough to transition to it full time. It's a long tough road, but I'm tough enough to stay with it.
Still, I would not recommend this route.
If you're going after faster-moving customers, e.g. Techcrunch readers, you really need to go full-time. Otherwise once you get traction full-timers might imitate you, and then woo those fast customers with fast development.
I'm not entirely clear why you incorporated.... Definitely something you want to do, but why not wait a bit and see if what you build sticks/takes off?
My last startup was an "off-hours" thing, and my current one was an off-hours thing for the last few months (and is a full-time effort as of monday). While I didn't work NEARLY as hard (generally one evening and one full weekend day), I sympathize.
G'luck!
My only advice is to brutally slash your idea down to the core-- find out the BASIC value proposition you can offer and get it out...
finding a cofounder is also a big productivity boost. find one early -- the more progress you make by yourself the harder it is to get someone else excited about "your" idea. if you're moonlighting, it's easy to put this off, but you're only hurting yourself long term. (i used to believe the single founder thing was doable for a while, but all of pg's counterarguments are right.)
i think the danger of this lifestyle is the risk of not getting things accomplished in a timely manner. if we spread ourselves too thin we end up with our hands in a bunch of half-full pots.
nonetheless, kudos for the stamina. we have 24 hours every day to use how we see fit. 8 hours for sleep is a given, 8 hours for work is another (almost) given, and what we do with the other 8 hours is the difference between mediocrity and success.
~dean~