rutrika
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- Oct 7, 2020
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Hello guys,
Can I ask you to share some of your thoughts - would highly appreciate it. Also, let me know if I can help you according to my living situation & experience that describe below,
1) I’m 32 years old, originally from Russia, a QE/Software engineer in test (working in internet technology - 6 figure FT job in Bay Area without overload that allows working from home for 5-6 hours per day and spend other time on development/business). I do understand web development code to some degree (mostly backend, but don’t have real-life experience with creating a web app).
I have some experience with businesses (Amazon FBA, recruiting software) that I can't say that they suceed, but I definitely learned something and got experience from it
A) I have some ideas for SaaS that need to be tested (soft/hard proofed) from blogs.
I'm not sure if it is better to buy and grow a business or build from scratch. In this case, I'll see 3 options:
- hire contractors to build software (then learn codebase to maintain). Do you know many people who have good experience with growing/maintaining a SaaS by using contractors
- find a technical co-founder (risk of dependence in the future, I don't have good friends who are interested in this opportunity)
- learn web development and build by myself (more time consuming).
I know that majority of bootstrappers/indie hackers are software engineers with 5 and more years of real experience. What are your thoughts on that - is it doable?
B) Another option I see is to buy (invest up to 40k) and grow business.
2) I have savings (60-70k) and was thinking to borrow from my relatives (up to 100k), take a mortgage and invest/rent out (with property management) multi-family or multi-complex units outside of CA. I was planning to invest 280-300k (20% payment) in real estate to have $2 mln net worth in 12-13 years, and pay out a mortgage with my business later (the worst case if the business won't suceed I'll have 5-6 k passive income when I'll be 44-45 years old)
Would you think it would be risky to recommend to build a business first and accelerate the growth of business with that money?
Thank you
Art
Can I ask you to share some of your thoughts - would highly appreciate it. Also, let me know if I can help you according to my living situation & experience that describe below,
1) I’m 32 years old, originally from Russia, a QE/Software engineer in test (working in internet technology - 6 figure FT job in Bay Area without overload that allows working from home for 5-6 hours per day and spend other time on development/business). I do understand web development code to some degree (mostly backend, but don’t have real-life experience with creating a web app).
I have some experience with businesses (Amazon FBA, recruiting software) that I can't say that they suceed, but I definitely learned something and got experience from it
A) I have some ideas for SaaS that need to be tested (soft/hard proofed) from blogs.
I'm not sure if it is better to buy and grow a business or build from scratch. In this case, I'll see 3 options:
- hire contractors to build software (then learn codebase to maintain). Do you know many people who have good experience with growing/maintaining a SaaS by using contractors
- find a technical co-founder (risk of dependence in the future, I don't have good friends who are interested in this opportunity)
- learn web development and build by myself (more time consuming).
I know that majority of bootstrappers/indie hackers are software engineers with 5 and more years of real experience. What are your thoughts on that - is it doable?
B) Another option I see is to buy (invest up to 40k) and grow business.
2) I have savings (60-70k) and was thinking to borrow from my relatives (up to 100k), take a mortgage and invest/rent out (with property management) multi-family or multi-complex units outside of CA. I was planning to invest 280-300k (20% payment) in real estate to have $2 mln net worth in 12-13 years, and pay out a mortgage with my business later (the worst case if the business won't suceed I'll have 5-6 k passive income when I'll be 44-45 years old)
Would you think it would be risky to recommend to build a business first and accelerate the growth of business with that money?
Thank you
Art
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