Yep, walked out of a tech lead role at a large corporate to start a new business with my wife, two weeks after the birth of our first child.
We wanted to work on wildlife/animal tracking and identification through technology. It was very hard, the limits are physical and geography and weather hate tech.
You can do projects for other people to fund it. We gave up on the animal tracking idea and pivoted and found a lot of the tech transplanted to other sectors.
You say you want to start your own company but also pursue a start-up. Those are very different models.
Do you want a business that you can work at or are you looking at fast growth and sell-out?
"The majority of businesses, on average, do not start turning a profit until as late as the third year. Some can take up to five"
I think you need to be clear on your goals first and then how to achieve them. Starting a company isn't a goal, it's a by-product.
We wanted to work on wildlife/animal tracking and identification through technology. It was very hard, the limits are physical and geography and weather hate tech.
You can do projects for other people to fund it. We gave up on the animal tracking idea and pivoted and found a lot of the tech transplanted to other sectors.
You say you want to start your own company but also pursue a start-up. Those are very different models.
Do you want a business that you can work at or are you looking at fast growth and sell-out?
"The majority of businesses, on average, do not start turning a profit until as late as the third year. Some can take up to five"
I think you need to be clear on your goals first and then how to achieve them. Starting a company isn't a goal, it's a by-product.