I'm sure this has been asked before, but my searchfu failed me, so I'll ask...
How do people bootstrap (which I assume is the most common early-funding model) and manage to pay the rent and feed themselves in the first months/years of a startup? I know a few of the common strategies entail
- Living on friend's couch and working out of his/her garage
- Working some other job part-time (full-time) and spinning up your company on the side
- Trying to get SBIR or similar funding
- Borrowing from friends and family (danger!)
- Liquidating whatever you can and living on the proceeds until boom or bust
A lot of the above seem reasonable for young unmarried types, but what about the middle-aged parent with a family? I know that's not the stereotypical entrepreneur, but there must be common strategies here as well, no?