Applying to accelerators and incubators
Aug 27, 2018
13 Comments
I work for a large company and have a side project in the ML/DL space, that I’d like to go full time with, some day. I have an MVP, found product market fit and have on-boarded a few users.
Can I apply to accelerators and incubators with my idea? Can I continue working for my company while pursuing this idea on the weekends, if I don’t make any money of off it? Do I have to register the company as an LLC or C-Corp?
I don’t want to quit as my employers health insurance is important for me. I am not on a work visa any longer. TC 250K.
comments
Can I continue working for my company while pursuing this idea on the weekends, if I don’t make any money of off it? - yes, but if you take investment you have to go all in
Do I have to register the company as an LLC or C-Corp? Probably, but it’s really not bad https://stripe.com/atlas
If you incorporate and get a little funding, you could offer employees of the company (you) a group insurance plan, and since you have less than 25 employees you get a big discount.