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<p> About a month ago, on September 1st, I made a big leap:&nbsp;I stopped my consulting work for the 3rd time to chase my SaaS dreams.</p> <p> Up to September, I supported my SaaS making with consulting and contract work. Which wasn't an ideal setup for making products. </p> <p> I had to take a bolder step ahead, so I took out a bank loan of €15K to support <a href="https://valsopi.com/setting-sail">my journey to financial freedom</a>. </p> <p> A bank loan — paid with the said bank loan&nbsp;— until the money runs out. </p> <p> A risky move, yes. But a necessary one. </p> <p> That loan gave me about 5 to 6 months of runway ahead. </p> <p> For anyone who knows SaaS, 6 months is not a lot of time. But with one product on hand, another coming up, and a bigger network of friends and potential clients, I had a bit of confidence to take the leap. </p> <h2> September 1st </h2> <p> On the day I announced my Big Leap, <a href="https://twitter.com/ashabed" target="_blank">Ashraf</a>, an online friend of mine from the <a href="https://megamaker.co/" target="_blank">MegaMaker</a> community run by <a href="https://twitter.com/mijustin">Justin</a>, after reading my blog post, reached out with his interest in investing in my SaaS making. </p> <p> We weren't sure how we would structure the investment but decided to keep the discussion open and find a solution if there was a match. </p> <p> <i><b>A side note:</b>&nbsp;I initially wanted to take a €50K loan from the bank, but the bank wanted my house as collateral, which felt extremely unsafe even for my higher-ish level of risk tolerance.</i> </p> <p> Speaking to Ashraf about the potential investment, I jokingly said that I wish we had talked before deciding on the loan, so I wouldn't have owed the bank all that interest down the line. </p> <figure class="align-center"> <img src="https://editor.blogstatic.io/web/assets/uploads/16053a25ae51fbde824a4aa76da7d274ea75bcb1.png"...
3rd Oct 2022

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