Are you still employed but dreaming of starting a company? I’m going to give you some contrarian advice: Do NOT quit your job. In 1Mby1M, we support entrepreneurs Bootstrapping with a Paycheck. There is no good reason to quit your job before validating your startup idea.
No other accelerator supports entrepreneurs Bootstrapping with a Paycheck.
1Mby1M does.
You CAN Bootstrap with a Paycheck to $1M in revenue.
You CAN Bootstrap with a Paycheck to Y Combinator (we have case studies).
You CAN Bootstrap with a Paycheck to Profitability.
You CAN Bootstrap with a Paycheck to Fundability.
If you need help in figuring out how to ideate, what to build, how to position, join 1Mby1M Premium.
The 1Mby1M curriculum teaches a proven Bootstrap First, Raise Money Later methodology.
It works.
Just follow it.
Don’t reinvent the wheel.
First-time entrepreneur mistakes abound. No need to fall into those predictable traps.
Bootstrapping with a Paycheck is an effective way to get going without taking undue risk. Bills have to be paid. Especially if you have a family and responsibilities, it is perfectly understandable that you need a path that is not so treacherous out of the gate.
Are you trying to start a company without quitting your job?
Why? Why not?
Q. Can I really build a successful startup while keeping my full-time job?
Yes. Many founders have done exactly that. The key is disciplined time management and following a proven roadmap like the one taught by 1Mby1M.
Q. Why does 1Mby1M encourage staying employed while starting up?
Because it removes the financial pressure that often forces entrepreneurs to make poor decisions or give up too early. You can focus on validating your idea before taking big risks.
Q. Is Bootstrapping with a Paycheck only for early ideation stage?
No. Many founders use this approach well into product development and even early revenue. You can go surprisingly far before needing outside funding.
Q. What does 1Mby1M Premium offer?
A full curriculum, mentoring and case studies that help you ideate, build, position and scale your business, all while keeping your day job.
Q. What’s the risk of quitting my job too early?
Financial stress, lack of clarity on your idea and increased chances of failure. Bootstrapping with a paycheck gives you breathing room to do it right.
Q. Has anyone really gone from bootstrapping with a paycheck to Y Combinator?
Yes. 1Mby1M has case studies of founders who used this exact strategy to gain traction and credibility, eventually getting into accelerators like Y Combinator.