Example memo

Should I quit my job to work on my startup full-time?

Standard (EU panel) — real, unedited run

Recommendation

Consider quitting your job to work on your startup full-time only if you have strong traction (e.g., revenue, user growth) and a secure financial runway of at least 12–18 months. Otherwise, continue validating your startup part-time while maintaining your job.

Consensus

There is moderate consensus among panelists that quitting a job to work on a startup full-time is advisable only with clear traction and sufficient financial runway. However, the level of caution varies, with some panelists advocating for more extensive validation and financial security before making the leap.

Reservations

  • Deltagare A: Slightly more open to quitting under certain conditions (strong traction and 6–12 months of runway), but still emphasizes the importance of validation and financial security.
  • Deltagare B: More cautious, recommending validation and a longer financial runway (12–18 months) before considering quitting.
  • Deltagare C: Emphasizes the risks and suggests a hybrid approach if the startup lacks traction or financial stability.

Assumptions

  • The startup is in a scalable industry.
  • You have the skills, network, and resilience to execute the startup successfully.
  • Your job is not actively hindering the startup’s growth.
  • The startup’s potential upside justifies the personal and financial risk.

Risks if the recommendation is wrong

If you quit your job without sufficient traction or financial runway, you risk financial instability, startup failure, and potential career setbacks.

Confidence

Moderate to high confidence, given the consistent emphasis on financial security and market validation across all responses.

Minority report

Deltagare A: More open to quitting under certain conditions (strong traction and 6–12 months of runway) compared to the more conservative views of Deltagare B and C.

What to do now

Validate your startup's market fit and traction, secure a financial runway of at least 12–18 months, and consider a hybrid approach (part-time work) before quitting your job.

When not to trust this answer

Do not trust this answer if your startup is already generating significant revenue and has clear scalability, or if you have a very high risk tolerance and substantial financial backing.

Open questions

  • What is the exact stage of your startup (idea, MVP, early revenue)?
  • How many months of personal living expenses and startup costs can you cover with your savings?
  • What is your personal risk tolerance and ability to withstand financial instability?
  • Are there any industry-specific factors that could affect the startup's success?

More example memos