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Best way to buy time

Hi all,

Long story short, I was running a tech startup with a friend from Jan this year. Basically it progressed and went really well and by month six we were all over national media and picked up tens of thousands of users, doing good $ transactions and everything was fine.

I was the technical founder and from about month 5 or so onwards, me and my friend (who was the other partner) starting having issues between one another. I thought it was fine, the startup was going great, we're getting up there and I was planning to sell anyway.

Anyway by about month 9, our startup was becoming pretty big and was starting to become well known, so I thought it was time to sell and cash in. Again, long story short, my partner in this started becoming more of a problem, became a barrier in me selling and lots of stuff happened and basically everything turned upside down and essentially I've now walked away.

The problem is, I've obviously been with the startup full time as has my partner for this entire year, I've put everything into it, even using a personal loan to fund it and was very sure on this buyout which hasn't come to fruition now due to all these problems. The job market is weak atm as most companies are now wrapping up and planning their christmas parties and won't be hiring until everyone comes back from christmas break and take on new projects etc. Also I suffocate in jobs and want to absolutely avoid taking a job at all costs, this is a worst case scenario alternative to take a job.

Anyway due to dumping everything into this startup and things, my bills are up to my neck and so are my debts, I've got a car that is worth something that I've put up for sale, but that might take 2 months to sell. I basically only have literally maybe 2 - 3 weeks of runway left in terms of personal finance. In my country I'm a well known app developer due to this startup and the coverage it has gotten and the quality of the app produced, so I know that if I start an app agency I can kill it and this is a good story to tell and sell in terms of I'm someone who's actually gone out, created a market leading app, know what it takes and the whole process to go from an idea to a market leading app and am now available to do it for others too.

Only problem is, I envisage finding clients and things taking at the very least 6 - 8 weeks to get any sort of reliable income coming in and even that may be optimistic as I'm starting from scratch and as I said my runway is super short. So essentially in order to avoid having to get a job, keep bills at bay and set up this agency I need to buy some time which means at a minimum I need around $8k or so to come in sometime soon.

Basically has anyone been in a similar situation and made their way out? Basically I'm not sure how I make my way out of this. I've been thinking to maybe just find 3 clients for apps and do it at a nothing price of like $3k and work crazy hours to pump them out in the next month or so or something because that will bring in $9k and at least get me going but at the same time, again I'm pretty well known and don't want to publicly be seen to essentially be begging lol.

So yeah, just very unsure what to do, wanted to see if anyone here has gone through the same thing and had any creative ways out.

Any ideas and/or advice is super welcome, thank you all in advance!

p.s. things I've done so far to mitigate as much as possible:

  • I've been in parallel applying for jobs too just as a backup, but that's not going too far at the moment either and I estimate will take some time too, attending inteview rounds etc.

  • I've sold things around the house etc and maybe got about $1k through that way, but as I said, I really need something more in the vicinity of $8k just to get on track with some bills etc.

  • I've gotten a part time dev job with my mate to help him out, he's running a one man band, he pays me $450 a week for 3 days, it's not much but it's helping in the mean time, but sure as hell not enough to get me out of this mess. He doesn't have capacity for full time or to raise the $ amount. He's just essentially helping me out.

  • Put my car up for sale which should get me around $17k (but likely take two months to sell even at a reduced price [niche car]), but money I owe people and some immediate debts I need to put away will immediately gobble up probably about $12k of that or so.

submitted by /u/TheSilentSea
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