1. Starts off with "working on a profitable side project" but then goes into "see what happens."
2. You quit your day job, work 10-20 hrs a weeks with the goal of $500 a month within 3 months. Doesn't sound like a sound biz move if that's the goal.
3. "A side project" denotes lack of commitment to turn it into a business.
I think the process of pulling together a team to make and launch a product from here makes a lot of sense. There's a lot of really smart people on here and that creates a lot of good possibilities.
Would love to do something like this as well. However I'd start it in a different direction. Keep your day job, lets make it into a real business, and we may fail, quite a few times and it may not succeed. Me: Cofounded a web dev company in business for 14 yrs. started a little photo sharing site. Cofounded one of the largest sites in the SEA region. Looking to start other businesses with other like minded folks when the time and product makes sense.
"In 1969 Stanley 'Sam' August Miesegaes, a Dutch millionaire, became disappointed with, then dropped, The Joint, the band he was financially supporting. He offered Swindon-born keyboardist Rick Davies, whose talent he felt had been "bogged down" by the group,[10] an opportunity to form his own band, again with Miesegaes's financial backing.[11] Davies assembled Roger Hodgson (bass and vocals), Richard Palmer (guitars), and Keith Baker (percussion) after placing an advertisement in the weekly music newspaper, Melody Maker."
http://en.wikipedia.org/wiki/Supertramp#1969.E2.80.9372:_Ear...
Where are you located?
Anyhow, good luck to you all. Go and build the next big thing.
Congrats on your success! If you don't mind me asking, have long did it take until you had a successful product?
In terms of products, I've had/have many. Time is really not important. I have one that has not launched that is already profitable. Just depends on the product itself.
I'm always open to collaborate with others. Like I said, shoot me an email.
I'm a full-time developer. (email sent)
We would chat first, and decide if we would want to team up. That's really about it. Then I'd like to work on one project together and see if it's a good fit, for all. There would for sure be a contract, so the money stuff would have to be worked out before hand.