[kiraken]

Well, i've helped hundreds of startups launch their product, and you guys are more prepared than 90% of my clients. You have enough money to survive for a long time, the technical knowledge to create your product ( I assume ) So you wont have to hire external help and a low burn rate. As for your friend's debt, it can wait for now, and you'll always have the 401(k) as a fallback If push comes to shove. Though its worth mentioning that you guys shouldn't probably quit your jobs until you pitch your idea for some random people, and see its viability in the market. All our ideas seem great to us, even if they're not.

As for when you should start raising money, i think that you should start pitching investors while you're working on the MVP to not lose time. And schedule meetings right when the MVP is ready.

There are a lot of other things that you should consider too! Feel free to reach out to me on Quora. I usually answer questions there and help new founders in my spare time. For free of course. https://www.quora.com/profile/Aladin-Bensassi