[leonardteo]

I had less savings than you did before starting our company 10 years ago. I was 30 and living in Canada also. But our path was not "quit paying job > make a product > hope it breaks even!" We started by taking development consulting gigs and bootstrapping until we made our product. For product, it took years before it broke even, and consulting gigs/revenue kept us alive and profitable; and it wasn't the first product we made - which was a failure. We're now ~40'ish people.

My advice if you are going to start a company and bootstrap it: cashflow is king. Ensure that you always have cashflow. Funded startup is an entirely different beast where the company itself is the product - so you can burn like crazy because you're (supposed to be) creating value in the business/IP itself.