I am technology entrepreneur and really good at building technology products. I created a visual search engine and sold in 2010 and a mobile app and sold recently. They were not big sales. I have also raised over $5MM in venture capital funding for my company (that we burnt through).
I want to invest $10-$20k on a web business that can generate passive income. Since it is my own money, I am extremely careful. My initial instinct is to build something on my own - I am good at this. But I want to do something different this time. I think it might be better to buy something that is already generating revenue.
What is the best way to invest $10-$20k? What would you do if you were in my situation?
Thanks for your help and advice.