I have three excellent internet based applications that I am designing and developing in my own free time. I am worried that with the current lack of free time whether I am ruining my chances of getting my ideas to market in a timely fashion.
Each of my ideas will take no more than an initial three months development, each one would then require a launch and progressive evolutionary changes to increase features available.
Currently I work full-time for my employer, but I am wondering whether I can approach an Angel investor / VC / other to invest in my company so that I can leave my current employer and work on these project full time (I believe that this is called working capital?).
Is it likely that this is an option? My wage is typical of a software developer, I'm prepared to take a pay cut to work on my ideas that I know have the chance to be successful.
Could someone please explain the etiquette for asking investors for working capital and what they would typically expect in return?
I can accelerate the development by including and leading 3 experienced developers in a team, would the investors be more likely in increasing development effort at a cost to reduce the time to market - or should I concentrate on doing this on my own?
Thank you for taking time in reading my first post.