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Starting a High Tech Business: Being Startup Compliant (Windley)

_I’m the founder and CTO of Kynetx. This series of articles relates my
discoveries and feelings about starting a high-tech business. This is the
thirty-second installment. You may find my efforts instructive. Or you may
know a better way—if so, please let me know! _

I run into people all the time whose lives are not _startup compliant_. They
express a desire to start a company and have ideas, but they’ve made choices
that limit their ability to live the startup life. They say “I’d like to start
a company, but I need a salary.”

Starting a company requires extreme flexibility in personal finances. You will
likely work for long stretches with no or greatly reduced salary. Debt is the
number one impediment to being flexible. Whether it’s a high mortgage, student
loans, child-support payments (not exactly debt, but still a future payment
obligation), car loans, or credit cards, many people are not able to start a
company because they’ve given away their freedom by going into debt in one way
or another.

I estimate that since starting Kynetx five years ago, there has only been a 18
month period where I was at full salary. …

Windley

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