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Ask HN: How can I best utilize $20k towards a startup idea?

I sold some shares and now I have ~20k USD extra. I'm in my 30s and I have been programming for about 5 years, and I'm kind of bored of the daily grind. I can't imagine spending another 5 years crushing Jira tickets or doing code reviews.

I have been working on building mobile apps to tackle problems I'm passionate about solving, and teaching myself as much as possible, and I feel comfortable now with building web/mobile apps, backend services, and I understand a bit about cloud providers and navigating AWS/GCP. I also been reading books through the pandemic on design and product management, and also learned to use various tools like Figma and notion to organize.

How can I best utilize my 20k and do something meaningful with that amount this year? I don't know any 1st hand connections/friends who own their own software business, so I want to ask here.

Should I use that amount to register a business, so that I can release apps under that entity?

Should I use that amount to hire a professional designer to build landing/product page so I can focus on building the app/service and talking to potential users?

Should I move to the bay area or another big city center? Unfortunately I don't have any software engineer friends in my area as I work remote..

Please help me out, I need some inspiration and advice. Thank you.

8 points me_me_mu_mu 4 years ago 8 comments

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