temp011235

... so throw it into a SPY index fund and let it ride? :) Thanks for the humorous response!

I actually maintain all rights to the core code ... as part of the agreement I'm hosting the application for the client, so they are technically subscribing to the application (first year is, of course, paid for, next year a small amount of money will exchange hands)

I'm inspecting now for other opportunities within the industry. This was fairly customized for a very specific need, so it still remains to be seen ... I also do not want to distract myself from my current startup, but I'll take the opportunity if it arises and I can manage it!

I'm working at a startup right now and plan to use most of the proceeds from the other project to float myself along as needed. My company is in the middle of a capital raise that is going fairly well, albeit not for a lot of capital ... best case, these proceeds will be there for a rainy day, worst case it helps us close the round.

I definitely follow your mindset: I really don't purchase a lot of stuff and when I do I need to have a lot of justification for it.

Finding an accountant is a great suggestion. I was looking into that but am quickly realizing it is time to get a professional in that area that can advise on how to use the capital in the most cost/tax-optimized manner!

Ok good, I didn't want it to come off as such. I'll likely post something off of my regular account about my experience bidding for and developing the project; I just wanted to split out the monetary questions I had.

Talent management system that is highly customized. Client had very specific spec requirements that were not being fulfilled by other vendors and wanted a replacement.

Excellent, thank you! I'm researching into if those taxes need to be paid now (quarterly) or if I can wait until regular tax day next year. Either way, putting 1/3 aside and knowing not to touch it is important, b/c it will be going to DC either way.

I didn't want it to come off as bragging

personal questions are fine: it took approximately 2-3 months to build, plus another 2ish months of client-driven iteration to drive it that last 20%. It is a talent management system that has a lot of very specific metrics that are being tracked by the client, so while it is highly customized to the purchasers specifications, the underlying framework could be ported for a similar exit. Definitely will think of that path a bit more!