When to transition to full time
Founder - "When do you think would be the right time to transition into this full time?"
- One question is are you definitely going to give this a go full time or is it conditional on either fundraising or some early traction that convinces you it is worth it? the answer will depend on your risk appetite, your confidence in success, your financial situation, and how easy it will be to return to what you were previously doing if it doesn't work out. I'd start by considering those factors.
- Obviously the more time you dedicate to it the greater the chance of success but that's not an independent consideration, hence your need to answer those other questions first.
- I think that might be it - you need to figure those things out before you know the answer.
- Investors 'should' be fine with you not being full time until you've raised if that's your path but they will insist on it post raise