u/LongTermWarrior

We are launching an investment fund very soon, the jurisdiction we've selected does not require a fund administrator (only recommended).

Does anyone managing a sub $15m fund handle fund administration in-house? Since we will start with very low AUM of around $3-5m, I want to do fund admin ourselves to save $20-30k/year until we scale up and cross the $10-15m mark.

If anyone has done this - can you share your experience, main pain points and advice for a start up fund?

I’m struggling to quit my job to start my dream business. it’s a very niche/specific biz but I’m obsessed with the subject.

the struggle is that I’m 34 and make an income in the top 1-2%. it feel so reckless leaving my job to start something up. even tho I dislike my job and my biz has a probability of not paying anything for 1 year or even failing, plus it requires a 50k$ investment to start.

am I crazy if I quit?