Not good news. I should have known better.......
I thought I did a good job doing market research to start this venture but as it turned out, the market research was not good enough
I just found out there are zillions of competitors in the industry that I am in….even though my idea is unique, in order to make it work, I need to put more time and capital. Otherwise, the website will simply just look the same as those other zillions of websites.
The industry that I am in is restaurant industry. The product I am providing is a marketing platform. I am not going to provide details at this point and I am sure the details will be revealed by itself eventually.
So, I have already sunk in 1 year of time and plenty of money. Even though I am doing this part-time, the venture has substantially ate away countless weekends and sleep time.
Yes, I am doing this part-time. I have a full time job working in the lab and I am depressed and scared. I am not sure if I am doing the right thing, even though I have been doing this for almost a year.
My scientific career is pretty much stacked. Without a PhD, there is no hope (or should I say "improbable but not impossible") for me to have my own lab, or getting a grant to do whatever research I want to do.
so, here I am. Trying to be an Internet entrepreneur....depressed and scared.