Personal development. $5k won't last you long with a startup, but if you can use the money to obtain a better job it might make it easier to work around.
It all depends on your definition of "some start up". A mobile fruit stand costs $25 for licensing fees and around $250 in inventory around these parts. On the other hand, launching a domain registrar is looking more like a startup business needing around $250-300K.
I would recommend you keep your eyes open for a problem, then build a solution to address said issue. Focus your resources on growing your user base and then your revenue slowly. Look into the term "bootstrapping" for businesses funded this way.
Contrary to what some people might say here, $5k is a lot of money. It is entirely possible to build a company and bring it to (ramen) profitability with less than $5k. I personally barely spent $1k this year.
8 comments
[ 3.0 ms ] story [ 28.2 ms ] threadPersonally, I'd sit tight on it until you get around $15,000-$25,000.
I would recommend you keep your eyes open for a problem, then build a solution to address said issue. Focus your resources on growing your user base and then your revenue slowly. Look into the term "bootstrapping" for businesses funded this way.
When people say "ramen profitable" it generally means paying you enough to live on cheaply so you have all your time to work on the business.