I have another compeltet different suggestion from the ones mentioned above, which is something I’ve seen many wealthy people do. Why don’t you create another company, but 1-2 people to actually run it? With a 1M out of the gate, that shouldn’t be a problem.
You can (should, even) also directly co-found this company and find people who are eager to take the project. You wouldn’t have 100% equity of the second of course, but as others said, you can’t stretch yourself too thin. In this scenario you basically act as an investor for another company.
I have another compeltet different suggestion from the ones mentioned above, which is something I’ve seen many wealthy people do. Why don’t you create another company, but 1-2 people to actually run it? With a 1M out of the gate, that shouldn’t be a problem.
You can (should, even) also directly co-found this company and find people who are eager to take the project. You wouldn’t have 100% equity of the second of course, but as others said, you can’t stretch yourself too thin. In this scenario you basically act as an investor for another company.