Over the last year me and a friend (a colleague I work with) have been planning developing a social web service that we feel has massive potential. We both have no business experience but are technically competent and willing to learn.
From the people we have spoken to our idea in development has appeared very interesting.
The problem we are facing is as follows: We both work in the same role during the day as we do in our venture, we are both finding that this is draining our motivation by the time we get to working on our project.
Our venture wouldn't make any real money until it is off the ground, maybe a year down the line.
Neither of us can afford to walk away from a steady income (as the income we receive is already quite low it is difficult to save).
Ideally we could both leave our jobs and work on this full time, we both believe by doing this we can create a great, popular service. And eventually earn a good income.
What would your advice be? Seek some kind of startup investment? If so, what kind of demo would we need?