Like many start-up Founders, I have not quit my day job. I will be thrilled when I can, but for now having to work double shifts is the only feasible way to make ends meet. This is even more true having gone into debt to develop a product.
I have reduced my day schedule from 5 to 3 days a week and fortunately, my long time employer supports the entrepreneurial effort. The day job is an additional source of steady income and although it squeezes my time, it decreases the odds of my biz prematurely going under because I don't have all my eggs in one basket. That's my logic - not sure if that's investor logic?
When an investor evaluates all the metrics that go into a new venture, in addition to ROI they look at the ability of a Founder or management team to be fully committed. I am, but end up working 70 hour weeks between the two jobs.
Do you believe investors strongly prefer a FT Founder (s), or is working a day job until getting to positive revenue acceptable?