28 Mar '13, 2am

What to do when making a leap from side project to startup?

What to do when making a leap from side project to startup?

I’m a software engineer currently bootstrapping a software project (opentraits.com ). I’m the sole founder and owner. Not that I wanted this, but the project simply evolved from other projects and I started coding it passionately. Two months later the project has a demo and the feedback is positive. Technically, things are brilliant, but there’s little time left to spend on the business side. I can’t afford the staff yet. I have a few questions: What do you think is the best move for me? Should I go looking for people willing to join the startup for equity? Where do I start looking for people on the business side and how do I evaluate them (considering I’m experienced mostly on the technical side)? How should I negotiate? Or should I go directly for Angel Investments and hire staff? Is it true that most Angel Investors will not consider startups with sole founders? What is...

Full article: http://sgentrepreneurs.com/2013/03/28/what-to-do-when-a-s...

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